Property Analysis | 2906 Fulton St

Property Analysis For: 2906 Fulton St

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

Revenue
Rental Income	10,800	11,156	11,525	11,905	12,298	12,704	13,123	13,556	14,003	14,465	14,943	15,436	15,945	16,471	17,015

Expenses (Recurring)
Mortgage Payment	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909	5,909
Estimated Annual Property Taxes	301	310	319	329	339	349	359	370	381	393	405	417	429	442	455
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)	6,882	6,911	6,941	6,972	7,004	7,037	7,070	7,105	7,141	7,178	7,216	7,255	7,296	7,337	7,380
Annual Cash Flows	3,918	4,246	4,584	4,933	5,294	5,667	6,052	6,451	6,862	7,287	7,726	8,180	8,649	9,134	9,635

Expenses (Periodic)
Vacancy Costs	86	446	461	476	492	508	525	542	560	579	598	617	638	659	681
Maintenance & Repairs	0	837	864	893	922	953	984	1,017	1,050	1,085	1,121	1,158	1,196	1,235	1,276
Tenant Placement Credit	-450	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	450	200	200	496	200	200	200	565	200	200	200	643	200	200	200
Total Expenses (Periodic)	86	1,483	1,525	1,865	1,614	1,661	1,709	2,124	1,810	1,864	1,918	2,418	2,034	2,094	2,157

Total Return On Investment
Acquisition Down Payment	-27,375	0	0	0	0	0	0	0	0	0	0	0	0	0	27,375
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,832	2,763	3,058	3,068	3,680	4,006	4,343	4,327	5,052	5,424	5,808	5,762	6,616	7,040	7,478
Tax Savings	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	1,254	-11,707
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23,776
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	143,791
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-25,329
Total Capital In/Out	-28,789	4,017	4,313	4,322	4,934	5,260	5,598	5,581	6,306	6,678	7,062	7,016	7,870	8,294	165,384
Total Return On Investment (IRR)	23.41%

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.