dreaming

Living the dream. Being the dream.

yours truly,

The Dream King

South Carolina Property (4 unit) Purchased August, 2006

Purchase Price: $230,000

Downpayment: $46,000

Return on Equity = (Cash Flow + Appreciation + Loan Reduction + Tax Deduction)/Downpayment

{all values annualized}

= (2400 + 0.04(230000) + 0 + (230000/27.5*0.33))
= 31.27%