"Step 4: Number of independent households = 60. Number of houses owned by the fund =40. Market value of a house = $5,834,430. For each household: Total mortgage obligations = $1,677,100. Retained cash from the proceeds of the 4th mortgage = $277,830. For the fund: Total mortgage obligations = $38,703,000. Cash retained from the most recent mortgage = $8,334,900. Total homeownersâ equity of the subdivision = 444.1 million dollars. " All the houses in my subdivision selling for that. No problem getting financing either - ironclad comparables all around me. Bankers can't get enough of the high end hot action. Have fun with this one you math guys. http://www.forcastglobaleconomy.com/subscribers/CommentsFiles/Comment018.htm Geo. PS: I didn't see an author to credit. His or her first language isn't English but it's easy to read.