Property Analysis | 203 Magnolia Cir

Property Analysis For: 203 Magnolia Cir

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

Revenue
Rental Income	20,340	21,011	21,705	22,421	23,161	23,925	24,715	25,530	26,373	27,243	28,142	29,071	30,030	31,021	32,045

Expenses (Recurring)
Mortgage Payment	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945	12,945
Estimated Annual Property Taxes	1,117	1,151	1,185	1,221	1,257	1,295	1,334	1,374	1,415	1,457	1,501	1,546	1,593	1,640	1,690
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)	14,734	14,788	14,843	14,900	14,958	15,019	15,081	15,145	15,211	15,279	15,349	15,421	15,496	15,572	15,651
Annual Cash Flows	5,606	6,224	6,862	7,521	8,202	8,906	9,634	10,385	11,161	11,964	12,793	13,649	14,534	15,449	16,394

Expenses (Periodic)
Vacancy Costs	163	840	868	897	926	957	989	1,021	1,055	1,090	1,126	1,163	1,201	1,241	1,282
Maintenance & Repairs	0	1,576	1,628	1,682	1,737	1,794	1,854	1,915	1,978	2,043	2,111	2,180	2,252	2,327	2,403
Tenant Placement Credit	-848	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	848	200	200	934	200	200	200	1,064	200	200	200	1,211	200	200	200
Total Expenses (Periodic)	163	2,616	2,696	3,513	2,863	2,951	3,042	4,000	3,233	3,333	3,436	4,554	3,653	3,767	3,885

Total Return On Investment
Acquisition Down Payment	-59,975	0	0	0	0	0	0	0	0	0	0	0	0	0	59,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,443	3,607	4,166	4,008	5,339	5,955	6,591	6,385	7,929	8,631	9,356	9,095	10,881	11,681	12,509
Tax Savings	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	2,748	-25,647
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	52,090
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	364,178
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-55,493
Total Capital In/Out	-58,284	6,355	6,914	6,756	8,087	8,703	9,339	9,133	10,677	11,379	12,104	11,843	13,629	14,429	407,611
Total Return On Investment (IRR)	22.41%

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.