Cash flow — bear / base / bull
Annual after debt service
BearBaseBullZero
Equity flywheel — base case
Four forces compounding year by year
Down paymentCash flowPrincipalValue gain
Year-1 cash flow waterfall — base case
Gross NOI (Year 1)$89K/yr
Annual debt service-$77K/yr
Annual cash flow$12K/yr
Monthly take-home$1K/mo
Bear floor $12K/yr positive. Base 2.38x MOIC. Strong risk/reward.