Property Analysis | 1288 Marlin Rd

Property Analysis For: 1288 Marlin Rd

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

Revenue
Rental Income	14,340	14,813	15,302	15,807	16,329	16,868	17,424	17,999	18,593	19,207	19,840	20,495	21,172	21,870	22,592

Expenses (Recurring)
Mortgage Payment	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400	8,400
Estimated Annual Property Taxes	1,386	1,428	1,470	1,515	1,560	1,607	1,655	1,705	1,756	1,808	1,863	1,919	1,976	2,035	2,096
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)	10,458	10,520	10,583	10,649	10,716	10,786	10,857	10,931	11,007	11,085	11,166	11,249	11,334	11,422	11,513
Annual Cash Flows	3,882	4,293	4,719	5,158	5,612	6,082	6,567	7,068	7,586	8,121	8,675	9,246	9,837	10,448	11,079

Expenses (Periodic)
Vacancy Costs	115	593	612	632	653	675	697	720	744	768	794	820	847	875	904
Maintenance & Repairs	0	1,111	1,148	1,186	1,225	1,265	1,307	1,350	1,394	1,441	1,488	1,537	1,588	1,640	1,694
Tenant Placement Credit	-598	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	598	200	200	659	200	200	200	750	200	200	200	854	200	200	200
Total Expenses (Periodic)	115	1,904	1,960	2,476	2,078	2,140	2,204	2,820	2,338	2,409	2,482	3,211	2,635	2,715	2,798

Total Return On Investment
Acquisition Down Payment	-35,975	0	0	0	0	0	0	0	0	0	0	0	0	0	35,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,767	2,390	2,759	2,682	3,535	3,942	4,363	4,248	5,248	5,713	6,193	6,036	7,203	7,733	8,281
Tax Savings	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	1,648	-15,384
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	28,821
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	188,964
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-33,286
Total Capital In/Out	-37,059	4,038	4,407	4,330	5,183	5,590	6,011	5,896	6,896	7,361	7,841	7,684	8,851	9,381	213,370
Total Return On Investment (IRR)	21.42%

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.