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| SAMPLE | ||||||||||||
| INVESTMENT REVIEW | ||||||||||||
| FOR ILLUSTRATIVE PURPOSES ONLY, RATES, TERMS, AND FEES, | ||||||||||||
| CONDITIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE | ||||||||||||
| Triolo Residence Investment Pro-forma | ||||||||||||
| Purchase Price | 275,000.00 | |||||||||||
| Down Payment | 20% | 55,000.00 | ||||||||||
| Loan | 220,000.00 | |||||||||||
| Cash In | ||||||||||||
| Down Payment | 20% | 55,000.00 | ||||||||||
| Closing Costs | 3.2% | 5,100.00 | ||||||||||
| Prop mgnt | 1,075.00 | |||||||||||
| Admin Fee | 1,900.00 | |||||||||||
| Suggested Reserve | 2.0% | 4,400.00 | ||||||||||
| Total Cash | 67,475.00 | |||||||||||
| Income | ||||||||||||
| Monthly Rent | 1,200.00 | |||||||||||
| Vacancy | 7.5% | 90.00 | ||||||||||
| Effective Mo. Rent | 1,110.00 | |||||||||||
| Expenses | L-T-V % | Loan Amt. | Int. Rate | |||||||||
| 1st Int. only | 80% | $ 220,000 | 5.25% | 962.50 | ||||||||
| 2nd arm | 0% | $ - | 6.60% | 0.00 | ||||||||
| Taxes | 0.65% | 148.96 | ||||||||||
| Insurance | 0.017% | 46.75 | ||||||||||
| HOA | 25.00 | |||||||||||
| Management | 75.00 | |||||||||||
| Repairs | 20.00 | |||||||||||
| Total Expenses | 1,278.21 | |||||||||||
| Cash Flow | ||||||||||||
| Monthly +/(-) | (168.21) | |||||||||||
| Months Held | 48 | (8,074.00) | ||||||||||
| Initial Reserve | 4,400.00 | |||||||||||
| Reserve Balance | (3,842.21) | |||||||||||
| Return on Investment | (Estimated) | |||||||||||
| Original Cost | 275,000.00 | |||||||||||
| Appreciation | 10.0% | 134,572.38 | ||||||||||
| Sale Price | 409,572.38 | |||||||||||
| Costs of Sale | 6.0% | 24,574.34 | ||||||||||
| Net Sale Price | 384,998.03 | |||||||||||
| Loan Pay Off | Less | 220,000.00 | ||||||||||
| Cash Out | 164,998.03 | |||||||||||
| Reserve Balance | (3,842.21) | |||||||||||
| Prop mgnt bonus | (1,500.00) | |||||||||||
| Total Cash Back | 159,655.83 | |||||||||||
| Cash In | 67,475.00 | |||||||||||
| Total ROI | 137% | |||||||||||
| NO GUARANTEE OF ACTUAL RESULTS IMPLIED OR INTENDED. DATA INTENDED FOR | ||||||||||||
| ILLUSTRATIVE PURPOSES ONLY. EACH HOMES WILL PRODUCE DIFFERENT RESULTS. | ||||||||||||
| EACH INVESTOR SHOULD SEEK LEGAL AND CPA ADVICE. | ||||||||||||