Property Analysis | 4716 Manchester Dr

Property Analysis For: 4716 Manchester Dr

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

Revenue
Rental Income	19,140	19,772	20,424	21,098	21,794	22,514	23,256	24,024	24,817	25,636	26,482	27,356	28,258	29,191	30,154

Expenses (Recurring)
Mortgage Payment	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136	12,136
Estimated Annual Property Taxes	1,117	1,151	1,185	1,221	1,257	1,295	1,334	1,374	1,415	1,457	1,501	1,546	1,593	1,640	1,690
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)	13,925	13,978	14,033	14,090	14,149	14,209	14,272	14,336	14,402	14,470	14,540	14,612	14,686	14,763	14,842
Annual Cash Flows	5,215	5,793	6,391	7,008	7,645	8,304	8,985	9,688	10,415	11,166	11,942	12,744	13,572	14,428	15,313

Expenses (Periodic)
Vacancy Costs	153	791	817	844	872	901	930	961	993	1,025	1,059	1,094	1,130	1,168	1,206
Maintenance & Repairs	0	1,483	1,532	1,582	1,635	1,689	1,744	1,802	1,861	1,923	1,986	2,052	2,119	2,189	2,262
Tenant Placement Credit	-798	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	798	200	200	879	200	200	200	1,001	200	200	200	1,140	200	200	200
Total Expenses (Periodic)	153	2,474	2,549	3,305	2,706	2,789	2,874	3,764	3,054	3,148	3,245	4,286	3,450	3,557	3,668

Total Return On Investment
Acquisition Down Payment	-56,225	0	0	0	0	0	0	0	0	0	0	0	0	0	56,225
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,062	3,320	3,842	3,702	4,939	5,515	6,110	5,924	7,361	8,018	8,696	8,458	10,122	10,871	11,645
Tax Savings	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	2,576	-24,044
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	48,833
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	341,407
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-52,023
Total Capital In/Out	-55,086	5,896	6,418	6,278	7,515	8,091	8,686	8,501	9,937	10,594	11,273	11,034	12,699	13,447	382,043
Total Return On Investment (IRR)	22.23%

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.