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	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388	8,388
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)	10,251	10,307	10,365	10,424	10,485	10,548	10,613	10,680	10,748	10,819	10,892	10,967	11,045	11,124	11,206
Annual Cash Flows	3,549	3,948	4,361	4,788	5,229	5,684	6,155	6,642	7,145	7,664	8,201	8,756	9,330	9,922	10,535

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	3,438	2,109	2,468	2,405	3,222	3,618	4,027	3,928	4,887	5,339	5,806	5,666	6,787	7,302	7,835
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	28,781
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	-37,341	3,755	4,114	4,051	4,868	5,264	5,673	5,574	6,533	6,985	7,452	7,312	8,433	8,948	212,639
Total Return On Investment (IRR)	20.79%

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.