Class Project 1 Demo -- Projection of 2011

		Class Project 1 Demo -- Projection of 2011
1. Rent Roll				2. Cash Flow
	2	450			Rent Income		7575
	3	325		less	Vacancy	8%	-606
	4	450		Before Management Fee			6969
	5	450
	6A	450		less	Management Fee		-557.52
	6B	350		less	property tax		-131
	7	450		less	Insurance		-215
	8	425		less	utilities		-1000
	9	550		less	Repairs	90	-1620
	10	450		less	Lawn/Snow		-100
	11	325		Before Interest			3345.48
	12A	450
	12B	350		Payment of Assumed Loan			($2,169.10)
	13	650		Payment of Wrap-around Loan			($530.94)
	14	450		Before income tax			645.442215
	15	325
	16	325		3. Cash on Cash ROI
	17	350
					Asking Price		375000
	total	7575		less	Assumed Loan		-200000
				less	Wrap-around Loan		-84000
				=	Downpayment		91000
				Plus	Renovation Cost		39000
				=	Total		130000
					Cash on Cash		5.96%