PURCHASE PRICE The original purchase price of the property. This can usually be found on the closing disclosure, purchase agreement, or property deed. DOWN PAYMENT The amount paid upfront toward the purchase price. It’s listed on the loan application or closing documents. CLOSING COSTS One-time fees paid at the close of a transaction, including lender, title, and legal fees. You’ll find a detailed breakdown on the final Closing Disclosure. DO NOT include pre-paid expenses such as property tax, insurance, prepaid interest, or loan points. Although paid at closing, they are technically "Year 1" expenses and should appear on your P&L as an expense, not a closing cost. ESTIMATED CURRENT VALUE The property’s estimated present market value. You can get this from a real estate agent, or an online valuation tool (like Zillow or Redfin). ORIGINAL AMOUNT FINANCED The total amount borrowed at the time of purchase, excluding the down payment. This is shown on your mortgage agreement or loan summary. LOAN RATE The interest rate applied to the mortgage. You can get this from your loan agreement. LOAN TERM The original length of your mortgage in years. It’s found in your loan agreement. START DATE The date the loan begins or the mortgage was originated. It's important because we use it to calculate your outstanding principal and payoff date. PROPERTY TAX Total annual property tax. You can find this amount on your property tax bill or through the county assessor's website. INSURANCE Total annual cost of homeowners insurance. Premiums are available from your insurance provider or escrow statements. TOTAL OTHER EXPENSES Include all recurring operating costs not already listed above. Basically, take the "Total Expenses" number from your P&L report or tax return and subtract property tax and insurance which are tracked separately above. Important: Do not include Depreciation in this number. Depreciation is a non-cash accounting expense that reduces taxes. Because it's not an actual cash expense, it should not be included in ROI calculations.

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