Property Analysis | 3026 Knightway Rd

Property Analysis For: 3026 Knightway Rd

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

Revenue
Rental Income	13,800	14,255	14,726	15,212	15,714	16,232	16,768	17,321	17,893	18,483	19,093	19,723	20,374	21,047	21,741

Expenses (Recurring)
Mortgage Payment	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175	8,175
Estimated Annual Property Taxes	1,191	1,227	1,264	1,301	1,340	1,381	1,422	1,465	1,509	1,554	1,601	1,649	1,698	1,749	1,801
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)	10,038	10,093	10,151	10,210	10,271	10,334	10,399	10,466	10,535	10,605	10,678	10,753	10,831	10,910	10,992
Annual Cash Flows	3,762	4,162	4,575	5,001	5,442	5,898	6,369	6,856	7,358	7,878	8,415	8,970	9,544	10,136	10,749

Expenses (Periodic)
Vacancy Costs	110	570	589	608	629	649	671	693	716	739	764	789	815	842	870
Maintenance & Repairs	0	1,069	1,104	1,141	1,179	1,217	1,258	1,299	1,342	1,386	1,432	1,479	1,528	1,578	1,631
Tenant Placement Credit	-575	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	575	200	200	634	200	200	200	722	200	200	200	822	200	200	200
Total Expenses (Periodic)	110	1,839	1,893	2,383	2,007	2,067	2,128	2,714	2,258	2,326	2,396	3,090	2,543	2,620	2,700

Total Return On Investment
Acquisition Down Payment	-35,925	0	0	0	0	0	0	0	0	0	0	0	0	0	35,925
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,652	2,323	2,681	2,618	3,435	3,831	4,241	4,142	5,101	5,552	6,019	5,880	7,001	7,516	8,048
Tax Savings	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	-15,363
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	29,574
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	188,701
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-33,240
Total Capital In/Out	-37,127	3,969	4,327	4,264	5,081	5,477	5,887	5,788	6,747	7,199	7,665	7,526	8,647	9,162	213,646
Total Return On Investment (IRR)	21.23%

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.