Property Analysis | 1326 Noble Ave

Property Analysis For: 1326 Noble Ave

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

Revenue
Rental Income	13,620	14,069	14,534	15,013	15,509	16,021	16,549	17,095	17,660	18,242	18,844	19,466	20,109	20,772	21,458

Expenses (Recurring)
Mortgage Payment	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376	7,376
Estimated Annual Property Taxes	929	957	986	1,015	1,046	1,077	1,109	1,143	1,177	1,212	1,248	1,286	1,325	1,364	1,405
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)	8,977	9,025	9,075	9,126	9,178	9,232	9,288	9,345	9,404	9,465	9,528	9,592	9,659	9,727	9,798
Annual Cash Flows	4,643	5,044	5,459	5,888	6,331	6,788	7,261	7,750	8,255	8,777	9,316	9,874	10,450	11,045	11,660

Expenses (Periodic)
Vacancy Costs	109	563	581	601	620	641	662	684	706	730	754	779	804	831	858
Maintenance & Repairs	0	1,055	1,090	1,126	1,163	1,202	1,241	1,282	1,324	1,368	1,413	1,460	1,508	1,558	1,609
Tenant Placement Credit	-568	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	568	200	200	626	200	200	200	712	200	200	200	811	200	200	200
Total Expenses (Periodic)	109	1,818	1,871	2,352	1,984	2,042	2,103	2,678	2,231	2,298	2,367	3,050	2,512	2,589	2,668

Total Return On Investment
Acquisition Down Payment	-34,175	0	0	0	0	0	0	0	0	0	0	0	0	0	34,175
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,534	3,226	3,588	3,536	4,347	4,746	5,158	5,072	6,024	6,479	6,949	6,824	7,937	8,456	8,992
Tax Savings	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	1,566	-14,614
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	29,682
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	179,509
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-31,621
Total Capital In/Out	-34,575	4,792	5,153	5,101	5,913	6,312	6,724	6,638	7,590	8,045	8,515	8,390	9,503	10,022	206,123
Total Return On Investment (IRR)	23.54%

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.