Scenario: 1

Project: Naam: 'Vast percentage per woning'

Object income input The Wolf basis input The Wolf success rate input

Number of objects and timing The Wolf variables Financial basis

Number of objects 500 Administrative income (contracts) € 600 Inflation 2,30%

Entry date 1-1-2013 Statistic renter movement (per year) 25% Interest income courant 0,25%

Periods per year 12 Deposit (# month rent) 1 Interest income long term savings / investments 3,00%

Exit date 1-1-2023 Deposit at hand (at any moment) 10,0%

Total deposit € 297.000 Success factors

Rental income perspective Success based income? no Occupancy 99,0%

Rent (€) € 600 Income owner as % full potential 95,00% Overdue debtors (%) 3,0%

Income The Wolf as % full potential 5,00% Doubtful debtors (% of occupancy, ammortized) 1,0%

Annual rental increase (=inflation) 2,30% Income investor as % full potential 0,00%

Rental increase in month? jun Liability input Optimization levels Stakeholders % per level

Loss liability The Wolf (% per mnd) 0,00% Bottom % Top % Owner The Wolf Investor

Invested capital 18.000 0,0% 0,0% 0,0% 0,0% 0,0%

Owners income and transfer input Equity stake 100% 0,0% 100,0% 95,0% 5,0% 0,0%

Guaranteed owners income? no Costs 100,0% 100,0% 95,0% 5,0% 0,0%

Base level (owner gets it all) 0,00% Personnel (# FTE) 1 100,0% 100,0% 95,0% 5,0% 0,0%

Fixed owners income? no Personnel costs (Gross salary in € per FTE per month) 3.000 100,0% 100,0% 95,0% 5,0% 0,0%

Spread income vs. payments (in # months) 0 Annual salary growth (in %) 3,50% 100,0% 100,0% 95,0% 5,0% 0,0%

Gross rental income breakdown by stakeholders (in €) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Potential income € 3.648.300 € 3.732.211 € 3.818.052 € 3.905.867 € 3.995.702 € 4.087.603 € 4.181.618 € 4.277.795 € 4.376.184 € 4.476.837 € 0

Owner € 3.396.914 € 3.475.043 € 3.554.969 € 3.636.733 € 3.720.378 € 3.805.947 € 3.893.484 € 3.983.034 € 4.074.643 € 4.168.360 € 0

The Wolf € 178.785 € 182.897 € 187.104 € 191.407 € 195.809 € 200.313 € 204.920 € 209.633 € 214.455 € 219.387 € 0

Pro forma gross rental margin (direct amm. doubtful debtors) € 3.575.699 € 3.657.940 € 3.742.073 € 3.828.140 € 3.916.187 € 4.006.260 € 4.098.404 € 4.192.667 € 4.289.098 € 4.387.748 € 0

Owner % of potential 93,110% 93,110% 93,110% 93,110% 93,110% 93,110% 93,110% 93,110% 93,110% 93,110% #DEEL/0!

The Wolf % of potential 4,901% 4,901% 4,900% 4,901% 4,901% 4,901% 4,901% 4,901% 4,901% 4,901% #DEEL/0!

Realized % of potential 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% #DEEL/0!

Gross rental margin The Wolf € 214.903 € 219.846 € 224.902 € 230.075 € 235.367 € 240.780 € 246.318 € 251.984 € 257.779 € 263.708 € 0

Doubftful debtors ammortization (directly per month of origin) € 36.118 € 36.949 € 37.799 € 38.668 € 39.557 € 40.467 € 41.398 € 42.350 € 43.324 € 44.321 € 0

Rental income The Wolf (incl. Direct ammortization) € 178.785 € 182.897 € 187.104 € 191.407 € 195.809 € 200.313 € 204.920 € 209.633 € 214.455 € 219.387 € 0

Administrative income (rental contracts) € 334.125 € 75.958 € 77.705 € 79.492 € 81.320 € 83.191 € 85.104 € 87.061 € 89.064 € 91.112 € 0

The Wolf gross margin (incl. direct amm. Doubtful debtors) € 512.910 € 258.855 € 264.808 € 270.899 € 277.130 € 283.504 € 290.024 € 296.695 € 303.519 € 310.500 € 0

Voorbeeld verdienmodellen

Scenario: 2

Project: Naam: 'Prestatie afhankelijk positief'

Object income input The Wolf basis input The Wolf success rate input

Number of objects and timing The Wolf variables Financial basis

Number of objects 500 Administrative income (contracts) € 600 Inflation 2,30%

Entry date 1-1-2013 Statistic renter movement (per year) 25% Interest income courant 0,25%

Periods per year 12 Deposit (# month rent) 1 Interest income long term savings / investments 3,00%

Exit date 1-1-2023 Deposit at hand (at any moment) 10,0%

Total deposit € 297.000 Success factors

Rental income perspective Success based income? yes Occupancy 99,0%

Rent (€) € 600 Income owner as % full potential 0,00% Overdue debtors (%) 3,0%

Income The Wolf as % full potential 0,00% Doubtful debtors (% of occupancy, ammortized) 1,0%

Annual rental increase (=inflation) 2,30% Income investor as % full potential 0,00%

Rental increase in month? jun Liability input Optimization levels Stakeholders % per level

Loss liability The Wolf (% per mnd) 0,00% Bottom % Top % Owner The Wolf Investor

Invested capital 18.000 0,0% 0,0% 0,0% 0,0% 0,0%

Owners income and transfer input Equity stake 100% 0,0% 70,0% 68,0% 2,0% 0,0%

Guaranteed owners income? no Costs 70,0% 80,0% 76,0% 4,0% 0,0%

Base level (owner gets it all) 0,00% Personnel (# FTE) 1 80,0% 90,0% 84,0% 6,0% 0,0%

Fixed owners income? no Personnel costs (Gross salary in € per FTE per month) 3.000 90,0% 95,0% 88,0% 7,0% 0,0%

Spread income vs. payments (in # months) 0 Annual salary growth (in %) 3,50% 95,0% 100,0% 91,0% 9,0% 0,0%

Gross rental income breakdown by stakeholders (in €) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Potential income € 3.648.300 € 3.732.211 € 3.818.052 € 3.905.867 € 3.995.702 € 4.087.603 € 4.181.618 € 4.277.795 € 4.376.184 € 4.476.837 € 0

Owner € 3.276.392 € 3.351.749 € 3.428.840 € 3.507.703 € 3.588.380 € 3.670.913 € 3.755.344 € 3.841.717 € 3.930.076 € 4.020.468 € 0

The Wolf € 299.307 € 306.191 € 313.233 € 320.437 € 327.807 € 335.347 € 343.060 € 350.950 € 359.022 € 367.280 € 0

Pro forma gross rental margin (direct amm. doubtful debtors) € 3.575.699 € 3.657.940 € 3.742.073 € 3.828.140 € 3.916.187 € 4.006.260 € 4.098.404 € 4.192.667 € 4.289.098 € 4.387.748 € 0

Owner % of potential 89,806% 89,806% 89,806% 89,806% 89,806% 89,806% 89,806% 89,806% 89,806% 89,806% #DEEL/0!

The Wolf % of potential 8,204% 8,204% 8,204% 8,204% 8,204% 8,204% 8,204% 8,204% 8,204% 8,204% #DEEL/0!

Realized % of potential 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% #DEEL/0!

Gross rental margin The Wolf € 335.425 € 343.139 € 351.032 € 359.105 € 367.365 € 375.814 € 384.458 € 393.300 € 402.346 € 411.600 € 0

Doubftful debtors ammortization (directly per month of origin) € 36.118 € 36.949 € 37.799 € 38.668 € 39.557 € 40.467 € 41.398 € 42.350 € 43.324 € 44.321 € 0

Rental income The Wolf (incl. Direct ammortization) € 299.307 € 306.191 € 313.233 € 320.437 € 327.807 € 335.347 € 343.060 € 350.950 € 359.022 € 367.280 € 0

Administrative income (rental contracts) € 334.125 € 75.958 € 77.705 € 79.492 € 81.320 € 83.191 € 85.104 € 87.061 € 89.064 € 91.112 € 0

The Wolf gross margin (incl. direct amm. Doubtful debtors) € 633.432 € 382.148 € 390.938 € 399.929 € 409.128 € 418.538 € 428.164 € 438.012 € 448.086 € 458.392 € 0

Voorbeeld verdienmodellen

Scenario: 3

Project: Naam: 'Garantie negatief'

Object income input The Wolf basis input The Wolf success rate input

Number of objects and timing The Wolf variables Financial basis

Number of objects 500 Administrative income (contracts) € 600 Inflation 2,30%

Entry date 1-1-2013 Statistic renter movement (per year) 25% Interest income courant 0,25%

Periods per year 12 Deposit (# month rent) 1 Interest income long term savings / investments 4,00%

Exit date 1-1-2023 Deposit at hand (at any moment) 10,0%

Total deposit € 207.000 Success factors

Rental income perspective Success based income? yes Occupancy 69,0%

Rent (€) € 600 Income owner as % full potential 70,00% 0,00% Overdue debtors (%) 3,0%

Income The Wolf as % full potential 0,00% Doubtful debtors (% of occupancy, ammortized) 1,0%

Annual rental increase (=inflation) 2,30% Income investor as % full potential 0,00%

Rental increase in month? jun Liability input Optimization levels Stakeholders % per level

Loss liability The Wolf (% per mnd) 1,00% Bottom % Top % Owner The Wolf Investor

Invested capital 18.000 0,0% 70,0% 70,0% 0,0% 0,0%

Owners income and transfer input Equity stake 100% 70,0% 70,0% 70,0% 0,0% 0,0%

Guaranteed owners income? yes Costs 70,0% 80,0% 70,0% 4,0% 6,0%

Guaranteed owners income 70,00% Personnel (# FTE) 1 80,0% 90,0% 70,0% 6,0% 14,0%

Fixed owners income? yes Personnel costs (Gross salary in € per FTE per month) 3.000 90,0% 95,0% 70,0% 8,0% 17,0%

Spread income vs. payments (in # months) 1 Annual salary growth (in %) 3,50% 95,0% 100,0% 70,0% 10,0% 20,0%

Gross rental income breakdown by stakeholders (in €) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Potential income € 3.648.300 € 3.732.211 € 3.818.052 € 3.905.867 € 3.995.702 € 4.087.603 € 4.181.618 € 4.277.795 € 4.376.184 € 4.476.837 € 0

Owner (fixed guaranteed income) € 2.338.980 € 2.607.607 € 2.667.581 € 2.728.936 € 2.791.701 € 2.855.911 € 2.921.596 € 2.988.793 € 3.057.535 € 3.127.859 € 0

Investor € 23.056 € 25.704 € 26.295 € 26.900 € 27.518 € 28.151 € 28.799 € 29.461 € 30.139 € 30.832 € 0

The Wolf € 176.229 € 32.430 € 33.176 € 33.939 € 34.719 € 35.518 € 36.335 € 37.170 € 38.025 € 38.900 € 0

Pro forma gross rental margin (direct amm. doubtful debtors) € 2.492.154 € 2.549.473 € 2.608.111 € 2.668.098 € 2.729.464 € 2.792.242 € 2.856.463 € 2.922.162 € 2.989.372 € 3.058.127 € 0

Owner % of potential 64,112% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% #DEEL/0!

Investor % of potential -0,632% -0,689% -0,689% -0,689% -0,689% -0,689% -0,689% -0,689% -0,689% -0,689% #DEEL/0!

The Wolf % of potential 4,830% -0,869% -0,869% -0,869% -0,869% -0,869% -0,869% -0,869% -0,869% -0,869% #DEEL/0!

Realized % of potential 68,310% 68,310% 68,310% 68,310% 68,310% 68,310% 68,310% 68,310% 68,310% 68,310% #DEEL/0!

Gross rental margin The Wolf € 201.403 € 6.677 € 6.831 € 6.988 € 7.149 € 7.313 € 7.482 € 7.654 € 7.830 € 8.010 € 0

Doubftful debtors ammortization (directly per month of origin) € 25.173 € 25.752 € 26.345 € 26.950 € 27.570 € 28.204 € 28.853 € 29.517 € 30.196 € 30.890 € 0

Rental income The Wolf (incl. Direct ammortization) € 176.229 € 32.430 € 33.176 € 33.939 € 34.719 € 35.518 € 36.335 € 37.170 € 38.025 € 38.900 € 0

Administrative income (rental contracts) € 232.875 € 52.940 € 54.158 € 55.404 € 56.678 € 57.981 € 59.315 € 60.679 € 62.075 € 63.503 € 0

The Wolf gross margin (incl. direct amm. Doubtful debtors) € 409.104 € 20.511 € 20.982 € 21.465 € 21.959 € 22.464 € 22.980 € 23.509 € 24.050 € 24.603 € 0

Voorbeeld verdienmodellen

Scenario: 3

Project: Naam: 'Garantie positief'

Object income input The Wolf basis input The Wolf success rate input

Number of objects and timing The Wolf variables Financial basis

Number of objects 500 Administrative income (contracts) € 600 Inflation 2,30%

Entry date 1-1-2013 Statistic renter movement (per year) 25% Interest income courant 0,25%

Periods per year 12 Deposit (# month rent) 1 Interest income long term savings / investments 4,00%

Exit date 1-1-2023 Deposit at hand (at any moment) 10,0%

Total deposit € 297.000 Success factors

Rental income perspective Success based income? yes Occupancy 99,0%

Rent (€) € 600 Income owner as % full potential 70,00% 0,00% Overdue debtors (%) 3,0%

Income The Wolf as % full potential 0,00% Doubtful debtors (% of occupancy, ammortized) 1,0%

Annual rental increase (=inflation) 2,30% Income investor as % full potential 0,00%

Rental increase in month? jun Liability input Optimization levels Stakeholders % per level

Loss liability The Wolf (% per mnd) 1,00% Bottom % Top % Owner The Wolf Investor

Invested capital 18.000 0,0% 70,0% 70,0% 0,0% 0,0%

Owners income and transfer input Equity stake 100% 70,0% 70,0% 70,0% 0,0% 0,0%

Guaranteed owners income? yes Costs 70,0% 80,0% 70,0% 4,0% 6,0%

Guaranteed owners income 70,00% Personnel (# FTE) 1 80,0% 90,0% 70,0% 6,0% 14,0%

Fixed owners income? yes Personnel costs (Gross salary in € per FTE per month) 3.000 90,0% 95,0% 70,0% 8,0% 17,0%

Spread income vs. payments (in # months) 1 Annual salary growth (in %) 3,50% 95,0% 100,0% 70,0% 10,0% 20,0%

Gross rental income breakdown by stakeholders (in €) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Potential income € 3.648.300 € 3.732.211 € 3.818.052 € 3.905.867 € 3.995.702 € 4.087.603 € 4.181.618 € 4.277.795 € 4.376.184 € 4.476.837 € 0

Owner (fixed guaranteed income) € 2.338.980 € 2.607.607 € 2.667.581 € 2.728.936 € 2.791.701 € 2.855.911 € 2.921.596 € 2.988.793 € 3.057.535 € 3.127.859 € 0

Investor € 628.384 € 700.552 € 716.665 € 733.148 € 750.011 € 767.261 € 784.908 € 802.961 € 821.429 € 840.322 € 0

The Wolf € 608.335 € 349.781 € 357.826 € 366.056 € 374.476 € 383.088 € 391.899 € 400.913 € 410.134 € 419.567 € 0

Pro forma gross rental margin (direct amm. doubtful debtors) € 3.575.699 € 3.657.940 € 3.742.073 € 3.828.140 € 3.916.187 € 4.006.260 € 4.098.404 € 4.192.667 € 4.289.098 € 4.387.748 € 0

Owner % of potential 64,112% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% 69,868% #DEEL/0!

Investor % of potential 17,224% 18,770% 18,770% 18,770% 18,770% 18,770% 18,770% 18,770% 18,770% 18,770% #DEEL/0!

The Wolf % of potential 16,674% 9,372% 9,372% 9,372% 9,372% 9,372% 9,372% 9,372% 9,372% 9,372% #DEEL/0!

Realized % of potential 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% 98,010% #DEEL/0!

Gross rental margin The Wolf € 644.453 € 386.730 € 395.625 € 404.724 € 414.033 € 423.556 € 433.297 € 443.263 € 453.458 € 463.888 € 0

Doubftful debtors ammortization (directly per month of origin) € 36.118 € 36.949 € 37.799 € 38.668 € 39.557 € 40.467 € 41.398 € 42.350 € 43.324 € 44.321 € 0

Rental income The Wolf (incl. Direct ammortization) € 608.335 € 349.781 € 357.826 € 366.056 € 374.476 € 383.088 € 391.899 € 400.913 € 410.134 € 419.567 € 0

Administrative income (rental contracts) € 334.125 € 75.958 € 77.705 € 79.492 € 81.320 € 83.191 € 85.104 € 87.061 € 89.064 € 91.112 € 0

The Wolf gross margin (incl. direct amm. Doubtful debtors) € 942.460 € 425.739 € 435.531 € 445.548 € 455.796 € 466.279 € 477.004 € 487.975 € 499.198 € 510.680 € 0

Voorbeeld verdienmodellen