Property Analysis | 308 Mills St

Property Analysis For: 308 Mills St

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

Revenue
Rental Income	18,600	19,214	19,848	20,503	21,179	21,878	22,600	23,346	24,117	24,912	25,735	26,584	27,461	28,367	29,303

Expenses (Recurring)
Mortgage Payment	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722	10,722
Estimated Annual Property Taxes	840	865	891	918	945	974	1,003	1,033	1,064	1,096	1,129	1,163	1,198	1,234	1,271
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)	12,234	12,279	12,326	12,374	12,424	12,475	12,527	12,581	12,637	12,695	12,754	12,815	12,878	12,942	13,009
Annual Cash Flows	6,366	6,935	7,522	8,129	8,756	9,404	10,073	10,765	11,479	12,218	12,981	13,769	14,584	15,425	16,295

Expenses (Periodic)
Vacancy Costs	149	769	794	820	847	875	904	934	965	996	1,029	1,063	1,098	1,135	1,172
Maintenance & Repairs	0	1,441	1,489	1,538	1,588	1,641	1,695	1,751	1,809	1,868	1,930	1,994	2,060	2,128	2,198
Tenant Placement Credit	-775	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	775	200	200	854	200	200	200	973	200	200	200	1,108	200	200	200
Total Expenses (Periodic)	149	2,410	2,483	3,212	2,636	2,716	2,799	3,658	2,973	3,065	3,159	4,165	3,358	3,462	3,570

Total Return On Investment
Acquisition Down Payment	-49,675	0	0	0	0	0	0	0	0	0	0	0	0	0	49,675
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	6,217	4,525	5,040	4,917	6,120	6,688	7,274	7,107	8,506	9,153	9,821	9,604	11,225	11,963	12,725
Tax Savings	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	-21,243
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	43,144
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	260,925
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-45,962
Total Capital In/Out	-47,682	6,801	7,316	7,193	8,396	8,964	9,550	9,383	10,782	11,429	12,097	11,880	13,502	14,239	299,264
Total Return On Investment (IRR)	24.10%

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.