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	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599	11,599
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)	13,111	13,156	13,203	13,251	13,301	13,352	13,404	13,458	13,514	13,572	13,631	13,692	13,755	13,819	13,886
Annual Cash Flows	5,489	6,058	6,645	7,252	7,879	8,527	9,196	9,888	10,602	11,341	12,104	12,892	13,706	14,548	15,417

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	5,340	3,648	4,162	4,040	5,243	5,811	6,397	6,230	7,629	8,276	8,944	8,727	10,348	11,086	11,848
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	39,797
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	-48,559	5,924	6,438	6,316	7,519	8,087	8,673	8,506	9,905	10,552	11,220	11,003	12,624	13,362	295,039
Total Return On Investment (IRR)	22.62%

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.