> For the complete documentation index, see [llms.txt](https://lex-mathopoulos.gitbook.io/foundation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lex-mathopoulos.gitbook.io/foundation/acquiring-a-property/creating-an-investment-proposal/adding-expenses-and-revenue.md). # Adding Expenses & Revenue Add ongoing expenses and revenue to your proposal. Figuring out and projecting the ongoing costs of a project is an important part of developing your investment proposal. We try to make this as easy as possible by helping you calculate important high level stats like profit, Cash-On-Cash Return, etc. You can begin adding expenses and revenue by clicking the `Add Expenses & Revenue` button. Then you can begin adding the following details will be inputs in calculating high level financial details: * **Current Value -** This is what you believe the property is currently worth - regardless of how much it is currently being sold for. * **Expected Appreciation Rate -** This is how much you expect this property to appreciate every year. We recommend using the average appreciation rate over the last 15 years. * **Expected Rent Growth -** This is how much you expect to raise rent every year. * **Renovation Costs -** This is how much you expect to spend on initially renovating the property. * **Landlord Insurance -** This is how much you expect insurance to cost every year. * **Property Taxes -** This is the yearly property tax rate for your property. The tax rate will differ per state and county. * **HOA** **-** Some properties are located in an area that requires you to pay a monthly fee to the homeowners association. * **Property Management -** You may want to hire someone or a company to help you manage the property (find tenants, etc.) Typically property management companies charge between 6 - 10% of monthly rent. * **Vacancy Rate -** If you are planning on renting out your property, you should expect that for a certain percent of the year it will be vacant and not generating any income.

After you have entered all of those inputs, we will generate a yearly and monthly breakdown that will give you a sense of how much profit (if any) the property will generate.