Investment Value of RE

RE Investment

Inflation Value
Inflation Value
Inflation Value
Inflation Value
 $200,000 
House Price
$200,000 
House Price
 $200,000 
House Price
$700,000 
House Price
50
Price to Rent Ratio
160
Price to Rent Ratio
160
Price to Rent Ratio
$4,375 
160
Price to Rent Ratio
3.5%
Rate of Rent Increase
3.5%
Rate of Rent Increase
3.5%
Rate of Rent Increase
3.5%
Rate of Rent Increase
12.0%
Discount Rate
8.0%
Discount Rate
12.0%
Discount Rate
8.0%
Discount Rate
0.0%
Ownership Premium
11.6%
Ownership Premium
10.9%
Ownership Premium
Year
Rent
Ownership Cost
Rent Savings
Net Present Value
Percent of Home Value
Year
Rent
Ownership Cost
Rent Savings
Net Present Value
Percent of Home Value
Year
Rent
Ownership Cost
Rent Savings
Net Present Value
Percent of Home Value
Year
Rent
Ownership Cost
Rent Savings
Net Present Value
Percent of Home Value
0
$52,500 
$52,500 
$0 
$0 
0
 $48,000 
 $48,000 
 $- 0 
$0 
0
$15,000 
$16,738 
($1,738)
($1,610)
0
 $15,000 
 $16,631 
 $(1,631)
($1,456)
1
$54,337 
$52,500 
$1,837 
$1,575 
0.2%
1
 $49,680 
 $48,000 
 $1,680 
$1,339 
0.2%
1
$15,525 
$16,738 
($1,213)
($2,650)
-0.4%
1
 $15,525 
 $16,631 
 $(1,106)
($2,338)
-0.3%
2
$56,239 
$52,500 
$3,739 
$4,544 
0.6%
2
 $51,419 
 $48,000 
 $3,419 
$3,773 
0.5%
2
$16,068 
$16,738 
($670)
($3,182)
-0.5%
2
 $16,068 
 $16,631 
 $(563)
($2,738)
-0.4%
3
$58,208 
$52,500 
$5,708 
$8,739 
1.2%
3
 $53,218 
 $48,000 
 $5,218 
$7,089 
1.0%
3
$16,631 
$16,738 
($108)
($3,261)
-0.5%
3
 $16,631 
 $16,631 
 $(0)
($2,739)
-0.4%
4
$60,245 
$52,500 
$7,745 
$14,010 
2.0%
$1,230,047 
4
 $55,081 
 $48,000 
 $7,081 
$11,107 
1.6%
4
$17,213 
$16,738 
$474 
($2,938)
-0.4%
4
 $17,213 
 $16,631 
 $582 
($2,409)
-0.3%
5
$62,354 
$52,500 
$9,854 
$20,220 
2.9%
5
 $57,009 
 $48,000 
 $9,009 
$15,671 
2.2%
5
$17,815 
$16,738 
$1,077 
($2,260)
-0.3%
5
 $17,815 
 $16,631 
 $1,184 
($1,809)
-0.3%
6
$64,536 
$52,500 
$12,036 
$27,242 
3.9%
6
 $59,004 
 $48,000 
 $11,004 
$20,649 
2.9%
6
$18,439 
$16,738 
$1,700 
($1,267)
-0.2%
6
 $18,439 
 $16,631 
 $1,808 
($991)
-0.1%
7
$66,795 
$52,500 
$14,295 
$34,965 
5.0%
$2,857,547 
7
 $61,069 
 $48,000 
 $13,069 
$25,928 
3.7%
7
$19,084 
$16,738 
$2,346 
$0 
0.0%
7
 $19,084 
 $16,631 
 $2,453 
$0 
0.0%
8
$69,132 
$52,500 
$16,632 
$43,286 
6.2%
8
 $63,207 
 $48,000 
 $15,207 
$31,411 
4.5%
8
$19,752 
$16,738 
$3,014 
$1,508 
0.2%
8
 $19,752 
 $16,631 
 $3,121 
$1,126 
0.2%
9
$71,552 
$52,500 
$19,052 
$52,111 
7.4%
9
 $65,419 
 $48,000 
 $17,419 
$37,020 
5.3%
9
$20,443 
$16,738 
$3,705 
$3,224 
0.5%
9
 $20,443 
 $16,631 
 $3,812 
$2,353 
0.3%
10
$74,056 
$52,500 
$21,556 
$61,356 
8.8%
10
 $67,709 
 $48,000 
 $19,709 
$42,686 
6.1%
10
$21,159 
$16,738 
$4,421 
$5,120 
0.7%
10
 $21,159 
 $16,631 
 $4,528 
$3,655 
0.5%
11
$76,648 
$52,500 
$24,148 
$70,945 
10.1%
52500
11
 $70,079 
 $48,000 
 $22,079 
$48,353 
6.9%
11
$21,900 
$16,738 
$5,161 
$7,169 
1.0%
11
 $21,900 
 $16,631 
 $5,269 
$5,007 
0.7%
12
$79,331 
$52,500 
$26,831 
$80,811 
11.5%
30
12
 $72,531 
 $48,000 
 $24,531 
$53,975 
7.7%
12
$22,666 
$16,738 
$5,928 
$9,349 
1.3%
12
 $22,666 
 $16,631 
 $6,035 
$6,390 
0.9%
13
$82,108 
$52,500 
$29,608 
$90,891 
13.0%
1575000
13
 $75,070 
 $48,000 
 $27,070 
$59,514 
8.5%
13
$23,459 
$16,738 
$6,721 
$11,637 
1.7%
13
 $23,459 
 $16,631 
 $6,828 
$7,787 
1.1%
14
$84,981 
$52,500 
$32,481 
$101,131 
14.4%
14
 $77,697 
 $48,000 
 $29,697 
$64,939 
9.3%
14
$24,280 
$16,738 
$7,542 
$14,015 
2.0%
14
 $24,280 
 $16,631 
 $7,649 
$9,185 
1.3%
15
$87,956 
$52,500 
$35,456 
$111,480 
15.9%
15
 $80,417 
 $48,000 
 $32,417 
$70,227 
10.0%
15
$25,130 
$16,738 
$8,392 
$16,464 
2.4%
15
 $25,130 
 $16,631 
 $8,499 
$10,571 
1.5%
16
$91,034 
$52,500 
$38,534 
$121,895 
17.4%
16
 $83,231 
 $48,000 
 $35,231 
$75,358 
10.8%
16
$26,010 
$16,738 
$9,271 
$18,970 
2.7%
16
 $26,010 
 $16,631 
 $9,379 
$11,937 
1.7%
17
$94,220 
$52,500 
$41,720 
$132,335 
18.9%
17
 $86,144 
 $48,000 
 $38,144 
$80,319 
11.5%
17
$26,920 
$16,738 
$10,182 
$21,518 
3.1%
17
 $26,920 
 $16,631 
 $10,289 
$13,275 
1.9%
18
$97,518 
$52,500 
$45,018 
$142,767 
20.4%
18
 $89,159 
 $48,000 
 $41,159 
$85,098 
12.2%
18
$27,862 
$16,738 
$11,124 
$24,095 
3.4%
18
 $27,862 
 $16,631 
 $11,231 
$14,579 
2.1%
19
$100,931 
$52,500 
$48,431 
$153,157 
21.9%
19
 $92,280 
 $48,000 
 $44,280 
$89,688 
12.8%
19
$28,838 
$16,738 
$12,099 
$26,691 
3.8%
19
 $28,838 
 $16,631 
 $12,206 
$15,845 
2.3%
20
$104,464 
$52,500 
$51,964 
$163,480 
23.4%
20
 $95,510 
 $48,000 
 $47,510 
$94,085 
13.4%
20
$29,847 
$16,738 
$13,108 
$29,295 
4.2%
20
 $29,847 
 $16,631 
 $13,216 
$17,068 
2.4%
21
$108,120 
$52,500 
$55,620 
$173,711 
24.8%
21
 $98,853 
 $48,000 
 $50,853 
$98,288 
14.0%
21
$30,891 
$16,738 
$14,153 
$31,899 
4.6%
21
 $30,891 
 $16,631 
 $14,260 
$18,246 
2.6%
22
$111,904 
$52,500 
$59,404 
$183,829 
26.3%
22
 $102,313 
 $48,000 
 $54,313 
$102,296 
14.6%
22
$31,973 
$16,738 
$15,234 
$34,493 
4.9%
22
 $31,973 
 $16,631 
 $15,342 
$19,378 
2.8%
23
$115,821 
$52,500 
$63,321 
$193,814 
27.7%
23
 $105,893 
 $48,000 
 $57,893 
$106,110 
15.2%
23
$33,092 
$16,738 
$16,353 
$37,072 
5.3%
23
 $33,092 
 $16,631 
 $16,461 
$20,463 
2.9%
24
$119,875 
$52,500 
$67,375 
$203,652 
29.1%
24
 $109,600 
 $48,000 
 $61,600 
$109,733 
15.7%
24
$34,250 
$16,738 
$17,512 
$39,629 
5.7%
24
 $34,250 
 $16,631 
 $17,619 
$21,499 
3.1%
25
$124,070 
$52,500 
$71,570 
$213,329 
30.5%
25
 $113,436 
 $48,000 
 $65,436 
$113,170 
16.2%
25
$35,449 
$16,738 
$18,710 
$42,159 
6.0%
25
 $35,449 
 $16,631 
 $18,818 
$22,488 
3.2%
26
$128,413 
$52,500 
$75,913 
$222,832 
31.8%
26
 $117,406 
 $48,000 
 $69,406 
$116,425 
16.6%
26
$36,689 
$16,738 
$19,951 
$44,656 
6.4%
26
 $36,689 
 $16,631 
 $20,058 
$23,428 
3.3%
27
$132,907 
$52,500 
$80,407 
$232,152 
33.2%
27
 $121,515 
 $48,000 
 $73,515 
$119,503 
17.1%
27
$37,974 
$16,738 
$21,235 
$47,118 
6.7%
27
 $37,974 
 $16,631 
 $21,342 
$24,322 
3.5%
28
$137,559 
$52,500 
$85,059 
$241,281 
34.5%
28
 $125,768 
 $48,000 
 $77,768 
$122,410 
17.5%
28
$39,303 
$16,738 
$22,564 
$49,539 
7.1%
28
 $39,303 
 $16,631 
 $22,672 
$25,169 
3.6%
29
$142,374 
$52,500 
$89,874 
$250,213 
35.7%
29
 $130,170 
 $48,000 
 $82,170 
$125,153 
17.9%
29
$40,678 
$16,738 
$23,940 
$51,919 
7.4%
29
 $40,678 
 $16,631 
 $24,047 
$25,972 
3.7%
30
$147,357 
$52,500 
$94,857 
$258,941 
37.0%
30
 $134,726 
 $48,000 
 $86,726 
$127,737 
18.2%
30
$42,102 
$16,738 
$25,363 
$54,252 
7.8%
30
 $42,102 
 $16,631 
 $25,471 
$26,731 
3.8%
 $2,857,547 
   
Appreciation Value
$200,000 
House Price
$20,000 
Downpayment
$4,000 
Closing Costs at 2%
($1,471)
1.5%
Rate of Appreciation
8.0%
Discount Rate
Year
Resale Value
Commission at 6%
Revenue From Sale
Cash Back at Closing
Profit or (Loss)
Net Present Value
Percent of Home Value
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
0
$200,000 
$12,000 
$188,000 
$8,000 
($16,000)
($16,000)
-8.0%
1
$203,000 
$12,180 
$190,820 
$10,820 
($13,180)
($12,946)
-6.5%
 $(24,000)
 $10,820 
2
$206,045 
$12,363 
$193,682 
$13,682 
($10,318)
($11,361)
-5.7%
 $(24,000)
$0.00 
 $13,682 
3
$209,136 
$12,548 
$196,588 
$16,588 
($7,412)
($10,030)
-5.0%
 $(24,000)
$0.00 
$0.00 
 $16,588 
4
$212,273 
$12,736 
$199,536 
$19,536 
($4,464)
($8,926)
-4.5%
 $(24,000)
$0.00 
$0.00 
$0.00 
 $19,536 
5
$215,457 
$12,927 
$202,529 
$22,529 
($1,471)
($8,025)
-4.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
 $22,529 
6
$218,689 
$13,121 
$205,567 
$25,567 
$1,567 
($7,304)
-3.7%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $25,567 
7
$221,969 
$13,318 
$208,651 
$28,651 
$4,651 
($6,743)
-3.4%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $28,651 
8
$225,299 
$13,518 
$211,781 
$31,781 
$7,781 
($6,324)
-3.2%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $31,781 
9
$228,678 
$13,721 
$214,957 
$34,957 
$10,957 
($6,030)
-3.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $34,957 
10
$232,108 
$13,926 
$218,182 
$38,182 
$14,182 
($5,847)
-2.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $38,182 
11
$235,590 
$14,135 
$221,454 
$41,454 
$17,454 
($5,760)
-2.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $41,454 
12
$239,124 
$14,347 
$224,776 
$44,776 
$20,776 
($5,758)
-2.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $44,776 
13
$242,710 
$14,563 
$228,148 
$48,148 
$24,148 
($5,830)
-2.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $48,148 
14
$246,351 
$14,781 
$231,570 
$51,570 
$27,570 
($5,965)
-3.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $51,570 
15
$250,046 
$15,003 
$235,044 
$55,044 
$31,044 
($6,156)
-3.1%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $55,044 
16
$253,797 
$15,228 
$238,569 
$58,569 
$34,569 
($6,393)
-3.2%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $58,569 
17
$257,604 
$15,456 
$242,148 
$62,148 
$38,148 
($6,670)
-3.3%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $62,148 
18
$261,468 
$15,688 
$245,780 
$65,780 
$41,780 
($6,980)
-3.5%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $65,780 
19
$265,390 
$15,923 
$249,467 
$69,467 
$45,467 
($7,318)
-3.7%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $69,467 
20
$269,371 
$16,162 
$253,209 
$73,209 
$49,209 
($7,679)
-3.8%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $73,209 
21
$273,412 
$16,405 
$257,007 
$77,007 
$53,007 
($8,058)
-4.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $77,007 
22
$277,513 
$16,651 
$260,862 
$80,862 
$56,862 
($8,450)
-4.2%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $80,862 
23
$281,675 
$16,901 
$264,775 
$84,775 
$60,775 
($8,853)
-4.4%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $84,775 
24
$285,901 
$17,154 
$268,747 
$88,747 
$64,747 
($9,264)
-4.6%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $88,747 
25
$290,189 
$17,411 
$272,778 
$92,778 
$68,778 
($9,679)
-4.8%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $92,778 
26
$294,542 
$17,673 
$276,869 
$96,869 
$72,869 
($10,095)
-5.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $96,869 
27
$298,960 
$17,938 
$281,022 
$101,022 
$77,022 
($10,512)
-5.3%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $101,022 
28
$303,444 
$18,207 
$285,238 
$105,238 
$81,238 
($10,927)
-5.5%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $105,238 
29
$307,996 
$18,480 
$289,516 
$109,516 
$85,516 
($11,339)
-5.7%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $109,516 
30
$312,616 
$18,757 
$293,859 
$113,859 
$89,859 
($11,745)
-5.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $113,859 
Appreciation Value
$200,000 
House Price
$20,000 
Downpayment
$4,000 
Closing Costs at 2%
4.5%
Rate of Appreciation
12.0%
Discount Rate
Year
Resale Value
Commission at 6%
Revenue From Sale
Cash Back at Closing
Profit or (Loss)
Net Present Value
Percent of Home Value
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
0
$200,000 
$12,000 
$188,000 
$8,000 
($16,000)
($16,000)
-8.0%
1
$203,000 
$12,180 
$190,820 
$10,820 
($13,180)
($12,803)
-6.4%
 $(24,000)
 $10,820 
2
$206,045 
$12,363 
$193,682 
$13,682 
($10,318)
($11,690)
-5.8%
 $(24,000)
$0.00 
 $13,682 
3
$209,136 
$12,548 
$196,588 
$16,588 
($7,412)
($10,887)
-5.4%
 $(24,000)
$0.00 
$0.00 
 $16,588 
4
$212,273 
$12,736 
$199,536 
$19,536 
($4,464)
($10,343)
-5.2%
 $(24,000)
$0.00 
$0.00 
$0.00 
 $19,536 
5
$215,457 
$12,927 
$202,529 
$22,529 
($1,471)
($10,014)
-5.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
 $22,529 
6
$218,689 
$13,121 
$205,567 
$25,567 
$1,567 
($9,863)
-4.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $25,567 
7
$221,969 
$13,318 
$208,651 
$28,651 
$4,651 
($9,857)
-4.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $28,651 
8
$225,299 
$13,518 
$211,781 
$31,781 
$7,781 
($9,968)
-5.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $31,781 
9
$228,678 
$13,721 
$214,957 
$34,957 
$10,957 
($10,173)
-5.1%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $34,957 
10
$232,108 
$13,926 
$218,182 
$38,182 
$14,182 
($10,452)
-5.2%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $38,182 
11
$235,590 
$14,135 
$221,454 
$41,454 
$17,454 
($10,788)
-5.4%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $41,454 
12
$239,124 
$14,347 
$224,776 
$44,776 
$20,776 
($11,167)
-5.6%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $44,776 
13
$242,710 
$14,563 
$228,148 
$48,148 
$24,148 
($11,577)
-5.8%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $48,148 
14
$246,351 
$14,781 
$231,570 
$51,570 
$27,570 
($12,007)
-6.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $51,570 
15
$250,046 
$15,003 
$235,044 
$55,044 
$31,044 
($12,450)
-6.2%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $55,044 
16
$253,797 
$15,228 
$238,569 
$58,569 
$34,569 
($12,898)
-6.4%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $58,569 
17
$257,604 
$15,456 
$242,148 
$62,148 
$38,148 
($13,347)
-6.7%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $62,148 
18
$261,468 
$15,688 
$245,780 
$65,780 
$41,780 
($13,791)
-6.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $65,780 
19
$265,390 
$15,923 
$249,467 
$69,467 
$45,467 
($14,227)
-7.1%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $69,467 
20
$269,371 
$16,162 
$253,209 
$73,209 
$49,209 
($14,652)
-7.3%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $73,209 
21
$273,412 
$16,405 
$257,007 
$77,007 
$53,007 
($15,065)
-7.5%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $77,007 
22
$277,513 
$16,651 
$260,862 
$80,862 
$56,862 
($15,462)
-7.7%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $80,862 
23
$281,675 
$16,901 
$264,775 
$84,775 
$60,775 
($15,843)
-7.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $84,775 
24
$285,901 
$17,154 
$268,747 
$88,747 
$64,747 
($16,208)
-8.1%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $88,747 
25
$290,189 
$17,411 
$272,778 
$92,778 
$68,778 
($16,556)
-8.3%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $92,778 
26
$294,542 
$17,673 
$276,869 
$96,869 
$72,869 
($16,886)
-8.4%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $96,869 
27
$298,960 
$17,938 
$281,022 
$101,022 
$77,022 
($17,199)
-8.6%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $101,022 
28
$303,444 
$18,207 
$285,238 
$105,238 
$81,238 
($17,494)
-8.7%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $105,238 
29
$307,996 
$18,480 
$289,516 
$109,516 
$85,516 
($17,773)
-8.9%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $109,516 
30
$312,616 
$18,757 
$293,859 
$113,859 
$89,859 
($18,035)
-9.0%
 $(24,000)
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
$0.00 
 $113,859