Property Analysis | 312 W. 20th St

Property Analysis For: 312 W. 20th St

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

Revenue
Rental Income	17,940	18,532	19,144	19,775	20,428	21,102	21,798	22,518	23,261	24,028	24,821	25,640	26,487	27,361	28,264

Expenses (Recurring)
Mortgage Payment	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707	9,707
Estimated Annual Property Taxes	553	570	587	604	622	641	660	680	701	722	743	765	788	812	836
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)	10,932	10,969	11,007	11,046	11,086	11,127	11,170	11,214	11,259	11,306	11,354	11,403	11,454	11,506	11,560
Annual Cash Flows	7,008	7,563	8,137	8,729	9,342	9,975	10,628	11,304	12,002	12,723	13,468	14,237	15,033	15,854	16,703

Expenses (Periodic)
Vacancy Costs	144	741	766	791	817	844	872	901	930	961	993	1,026	1,059	1,094	1,131
Maintenance & Repairs	0	1,390	1,436	1,483	1,532	1,583	1,635	1,689	1,745	1,802	1,862	1,923	1,986	2,052	2,120
Tenant Placement Credit	-748	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	748	200	200	824	200	200	200	938	200	200	200	1,068	200	200	200
Total Expenses (Periodic)	144	2,331	2,402	3,098	2,549	2,627	2,707	3,528	2,875	2,963	3,054	4,017	3,246	3,346	3,450

Total Return On Investment
Acquisition Down Payment	-44,975	0	0	0	0	0	0	0	0	0	0	0	0	0	44,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	6,864	5,232	5,735	5,631	6,793	7,348	7,922	7,776	9,127	9,759	10,413	10,220	11,787	12,508	13,253
Tax Savings	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	-19,233
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	39,062
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	236,237
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41,614
Total Capital In/Out	-42,550	7,292	7,796	7,692	8,853	9,409	9,982	9,837	11,187	11,820	12,474	12,281	13,847	14,569	272,681
Total Return On Investment (IRR)	26.25%

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.