ESTIMATED CASH-FLOW

SIMPLIFIED (For Indication Only)

ASSUMPTIONS:

PURCHASE PRICE $399,000

LOAN 80%:              $319, 200

LOAN TERM:   30 YEARS, INTEREST RATE 3.99%, PRINCIPAL AND INTEREST
GROSS RENTAL :  $28,200 YEAR ONE

GROSS YIELD: 7.06%  YEAR ONE

CASH FLOW- YEAR ONE

GROSS RENTAL INCOME +$28,200 pa

LESS OWNERS EXPENSES:

BODY CORPORATE         -$ 3,200

GOVERNMENT RATES     -$ 2,400

LOAN REPAYMENTS        -$18,265

RENTAL AGENTS FEES    -$ 2,172

TAX AGENTS FEE            -$   450

  NETT CASH POSITION +$ 1,713

Disclaimer: Note that the simplified cash flowprojections listed above simply illustrate the outcome calculated from the input values
and the assumptions contained. Hence the figures can be varied as required and are in no way intended to be a
guarantee of future performance. Although the information is provided in good faith, it is also given on the basis that no
person using the information, in whole or in part, shall have any claim against Citylife International Realty Limited,
its servants, employees or consultants..