Real Estate 56.690.900 70% of $4,800.000 Equity 32.902.250 Renovator, $350.000 Roof Derck 8 Powder Rooms (6) $100000 Memo Costs 5100.000 Interest& lunorliza0on $272250 Deal Expenses Moose Total 67522.250 Exit Total Investment 57.522.250 NOI Year 1 5603.745 Cap (Stabilized) 8.03% Exit NOI on Refi