Calculate the estimated ROI based on the debt and cash flow information below.

TOTAL LOAN AMOUNT $3,113,997

Below is the estimated annual cash flow.

Estimated Annual Cash Flow + Base Rent + Other Income Potential Gross Income Vacancy Effective Gross Revenue Admin Water Utilities Management Repair and maintenance Insurance Taxes Operating Expenses Year 1 396,720 48,360 445,080 (46.673) 398,407 (9,970) (12,292) (17,755) (11,063) (23,492) (4,780) (22.399) (101,752) Year 2 404,654 49.327 453,982 (46,673) 407,309 (10,170) (12,538) (18,111) (11,284) (23,962) (4,876) (22.847) (103,787) Year 3 412.747 50,314 463,061 (46,673) 416,388 (10,373) (12,789) (18,473) (11,510) (24,441) (4,973) (23,304) (105,863) Year 4 421,002 51320 472,322 (46,673) 425,650 (10,581) (13,045) (18,842) (11.740) (24,930) (5,073) (23.770) (107,980) Year 5 429,422 52.346 481,769 (46,673) 435,096 (10,792) (13,305) (19,219) (11,975 (25,428) (5,174) (24,246) (110,140) Year 6 438,011 53,393 491,404 (46.673) 444,731 (11.008) (13,572) (19,603) (12,214) (25,937) (5,278) (24,730) (112,343) Year 7 446,771 54.461 501,232 (46.673) 454,559 (11,228) (13,843) (19,995) (12,459) (26,456) (5,383) (25,225) (114,589) Year 8 455,707 55.550 511,257 (46.673) 464,584 (11,453) (14,120) (20,395) (12,708) (26,985) (5,491) (25,730) (116,881) Year 9 464,821 56.661 521,482 (46.673) 474,809 (11,682) (14,402) (20,803) (12,962) (27,524) (5,601) (26.244) (119,219) Year 10 474,117 57.795 531,912 (46.673) 485,239 (11,915) (14,690) (21,219) (13,221) (28,075) (5,713) (26,769) (121,603) Year 11 483,599 58.951 542,550 (46.673) 495,877 (12,154) (14,984) (21,644) (13,486) (28,636) (5,827) (27,304) (124,035) Net Operating Income Capital Expenditures Cash Flow From Operations 296,655 (101,752) 194,903 303,522 (103,787) 199,734 310,525 (105,863) 204,663 317,669 (107,980) 209,689 324,956 (110,140) 214,816 332,389 (112.343) 220,046 339,970 (114,589) 225,381 347,703 (116,881) 230,822 355,590 (119,219) 236,372 363,636 (121,603) 242,033 371,842 (124,035) 247,807