Property Analysis | 2267 Celeste Dr

Property Analysis For: 2267 Celeste Dr

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

Revenue
Rental Income	12,900	13,326	13,765	14,220	14,689	15,174	15,674	16,192	16,726	17,278	17,848	18,437	19,046	19,674	20,323

Expenses (Recurring)
Mortgage Payment	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988	6,988
Estimated Annual Property Taxes	1,003	1,033	1,064	1,096	1,129	1,163	1,198	1,234	1,271	1,309	1,348	1,388	1,430	1,473	1,517
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)	8,663	8,713	8,765	8,818	8,873	8,930	8,988	9,048	9,110	9,173	9,239	9,306	9,376	9,448	9,521
Annual Cash Flows	4,237	4,613	5,001	5,402	5,816	6,244	6,687	7,144	7,616	8,105	8,609	9,131	9,670	10,227	10,802

Expenses (Periodic)
Vacancy Costs	103	533	551	569	588	607	627	648	669	691	714	737	762	787	813
Maintenance & Repairs	0	999	1,032	1,066	1,102	1,138	1,176	1,214	1,254	1,296	1,339	1,383	1,428	1,476	1,524
Tenant Placement Credit	-538	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	538	200	200	592	200	200	200	675	200	200	200	768	200	200	200
Total Expenses (Periodic)	103	1,732	1,783	2,228	1,889	1,945	2,003	2,537	2,123	2,187	2,253	2,888	2,390	2,463	2,537

Total Return On Investment
Acquisition Down Payment	-32,375	0	0	0	0	0	0	0	0	0	0	0	0	0	32,375
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,134	2,880	3,218	3,174	3,927	4,299	4,684	4,607	5,493	5,918	6,357	6,242	7,279	7,764	8,265
Tax Savings	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	1,483	-13,845
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	28,119
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	170,054
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-29,955
Total Capital In/Out	-33,258	4,364	4,701	4,657	5,410	5,783	6,167	6,091	6,976	7,401	7,840	7,726	8,763	9,247	195,013
Total Return On Investment (IRR)	22.93%

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.