Deal Summary

• Property tax: estimated from the tax-rate assumption. Confirm the post-purchase bill.
• Insurance: estimated from the insurance-rate assumption. Get a property-specific quote.
• Income, vacancy, repairs, management and reserves are your assumptions or starting defaults. Check each in Build. A zero cost is not proof it does not apply.
• Listing links suggest a name only. They do not import verified prices, rents or expenses.
• HELOC amount means money actually drawn, not the available credit limit.

1. Operating cash after debt payments-$264,577
2. Principal repaid — equity, not income$33,278
3. Modeled value change — not cash until sale$136,870
4. Other project costs and value changes-$65,305

Operating cash is after debt payments. Principal repaid and appreciation build equity, not spendable income. The final row reconciles acquisition, sale and other project costs; these are not independent sources of guaranteed profit.

10-year total return

-45.2% — modeled profit divided by all cash contributed.

Annualized return (IRR)

-10.3% — annualized using the dates of cash contributions and distributions; not yearly average profit.

Cap rate basis

Annual NOI divided by acquisition price or owned-property basis. Reserves follow the modeled expense assumptions.

Cash-on-cash basis

Annual modeled cash flow divided by the strategy’s initial cash investment. If the denominator is zero, do not interpret a displayed 0% as a measured return.