| Original purchase price in December 2006 | $ 295,000.00 |
| Capital improvements upon purchase | $ 20,000.00 |
| Total buyer investment in December 2006 | $ 315,000.00 |
| |
| Expenses |
| Short sale approval price in February 2010 | $ 120,000.00 |
| Estimated closing Costs | $ 1,500.00 |
| First year HOA | $ 564.00 |
| First year taxes | $ 1,980.00 |
| First year insurance | $ 625.00 |
| First year mgmt fees (10% of rent) | $ 1,440.00 |
| Total first year investment | $ 126,109.00 |
| | |
| Income |
| 12 months rent at @ $1,299/mo | $ 14,400.00 |
| Sale price + profit 1st year +10% pp | $ 132,000.00 |
| Total income if sold at end of year one | $ 146,400.00 |
| Total estimated closing costs | $ 8,100.00 | *Includes 5% commision to RealCore Realty |
| |
| Total first year profits | $ 12,191.00 | low risk |
| Return on investment; total return | $ 138,300.00 |