Property Analysis | 120 Southeastern Ave

Property Analysis For: 120 Southeastern Ave

Year	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15

Revenue
Rental Income	15,540	16,053	16,583	17,130	17,695	18,279	18,882	19,505	20,149	20,814	21,501	22,210	22,943	23,700	24,482

Expenses (Recurring)
Mortgage Payment	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000
Estimated Annual Property Taxes	961	990	1,020	1,050	1,082	1,114	1,147	1,182	1,217	1,254	1,292	1,330	1,370	1,411	1,454
Estimated Annual Homeowners Insurance	672	692	713	734	756	779	802	826	851	877	903	930	958	987	1,016
Annual Property Mgmt Fee	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Expenses (Recurring)	10,633	10,682	10,733	10,785	10,838	10,894	10,950	11,009	11,069	11,131	11,195	11,261	11,329	11,399	11,471
Annual Cash Flows	4,907	5,370	5,850	6,345	6,857	7,385	7,932	8,496	9,080	9,683	10,306	10,949	11,615	12,302	13,012

Expenses (Periodic)
Vacancy Costs	124	642	663	685	708	731	755	780	806	833	860	888	918	948	979
Maintenance & Repairs	0	1,204	1,244	1,285	1,327	1,371	1,416	1,463	1,511	1,561	1,613	1,666	1,721	1,778	1,836
Tenant Placement Credit	-648	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	648	200	200	714	200	200	200	813	200	200	200	925	200	200	200
Total Expenses (Periodic)	124	2,046	2,107	2,684	2,235	2,302	2,371	3,056	2,517	2,594	2,673	3,480	2,838	2,926	3,015

Total Return On Investment
Acquisition Down Payment	-41,700	0	0	0	0	0	0	0	0	0	0	0	0	0	41,700
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,782	3,324	3,743	3,661	4,622	5,083	5,560	5,441	6,563	7,089	7,633	7,470	8,776	9,376	9,996
Tax Savings	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	1,911	-17,832
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36,218
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	219,035
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-38,584
Total Capital In/Out	-41,507	5,235	5,653	5,572	6,532	6,994	7,471	7,351	8,473	9,000	9,544	9,380	10,687	11,287	250,534
Total Return On Investment (IRR)	22.74%

Returns are estimated and not guaranteed. Actual investment performance, including IRR, varies and cannot be precisely predicted. Assumptions should be independently assessed. There may be other additional costs.