ilmscore | My Laundromat Made $8,335.25 This Month!

My Laundromat Made $8,335.25 This Month!

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Approximately 80% of the Dexter equipment loan payment is contributing towards principal curtailment, indicating significant progress in paying down the debt.
"on this Dexter loan payment about 80 percent of that we'll throw this in Eighty percent of that number's going towards principal curtailment"
DEX
Pending
The laundromat is projected to generate $10,000 in revenue by the end of the month if the current pace continues.
"so I'm at five thousand dollars and today's the 15th if we kept up this pace I'd be at ten thousand dollars this month"
Laundromat Profitability
Pending
The combined laundromat business (including real estate and vending) is valued at $250,000 and is expected to increase in value by a conservative 3-5% annually.
"the business as a whole package real estate rentals vending everything's worth about 250 000 all combined and I figure at a conservative five percent increase I should be seeing a conservative five percent a year increase"
Laundromat Business Value
Pending
The laundromat business is generating approximately $5,000 over a two-month period when accounting for appreciation, principal curtailment, and cash flow, indicating a significantly better financial picture than solely looking at immediate profit.
"we've included appreciation capital or appreciation we've included principal curtailment cash flow in these numbers it's much more indicative of what the grand total is for this laundromat business so we're going to do is take these two numbers so now what I've done is I've added in my appreciation my cash flow was already there and then we included we included the appreciation we included the principal curtailment and now we're going to take these numbers and just just take them out and we end up over two months of clearing about five thousand dollars"
Laundromat Appreciation and Principal Paydown
Pending
About 65% of the mortgage payment is being applied to principal curtailment.
"and then for the mortgage payment about 65 percent of that is going towards principal principal curtailment as well"
Mortgage Principal Paydown
Pending