Add your numbers without commas.

Purchase Price	$	Homeowners Insurance	$
Down Payment	$	Yearly Taxes	$
Loan Interest Rate (%)		Monthly Expenses/Fees	$
Loan Term in Years

Monthly Rental	$
Rent Increase Yearly (%)

Inflation (%) (for ins, taxes, expenses)		Your Gross Income (for tax calculation)	$
Property Value Growth (%) (real estate appreciation)

Loan Amount	$	Monthly Payment	$

INCOME	Year 1	Year 2	Year 3	Year 4	Year 5
Rental Income

EXPENSES
Insurance
Taxes
Monthly Expenses/Fees
Total Payments
Total Expenses

CASH FLOW
Cash Flow

TAX DEDUCTION
Interest Expense
+ Depreciation*
+ Ins, Tax, other expenses
– Rental Income
Total Tax Deduction
TAX SAVED**

NET WORTH
After Tax Cash Flow
Principal Paid (est)
Property Value
Yearly addition to Net Worth

Assumptions:
* 27.5 yr straight line depreciation, deduction may be limited with high gross income. Depreciation is based on the value of the home without the land. In this calculation we are allocating 10% of the purchase price to the land and the remainder to the residence.

** 2001 Federal Filing Status Single (most conservative tax rate) Keep in mind that your tax deduction may also be limited with an adjusted gross income over $100,000. See your tax advisor for details.

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