Property Analysis | 4802 Rickard Rd

Property Analysis For: 4802 Rickard Rd

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

Revenue
Rental Income	14,100	14,565	15,046	15,542	16,055	16,585	17,133	17,698	18,282	18,885	19,508	20,152	20,817	21,504	22,214

Expenses (Recurring)
Mortgage Payment	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365	7,365
Estimated Annual Property Taxes	1,452	1,496	1,540	1,587	1,634	1,683	1,734	1,786	1,839	1,895	1,951	2,010	2,070	2,132	2,196
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)	9,489	9,553	9,619	9,686	9,756	9,828	9,902	9,978	10,056	10,137	10,220	10,306	10,394	10,485	10,578
Annual Cash Flows	4,611	5,012	5,427	5,856	6,299	6,757	7,231	7,720	8,226	8,748	9,288	9,847	10,423	11,020	11,636

Expenses (Periodic)
Vacancy Costs	113	583	602	622	642	663	685	708	731	755	780	806	833	860	889
Maintenance & Repairs	0	1,092	1,128	1,166	1,204	1,244	1,285	1,327	1,371	1,416	1,463	1,511	1,561	1,613	1,666
Tenant Placement Credit	-588	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	588	200	200	648	200	200	200	737	200	200	200	840	200	200	200
Total Expenses (Periodic)	113	1,875	1,930	2,435	2,046	2,107	2,170	2,773	2,302	2,372	2,443	3,157	2,594	2,673	2,755

Total Return On Investment
Acquisition Down Payment	-34,125	0	0	0	0	0	0	0	0	0	0	0	0	0	34,125
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,498	3,137	3,497	3,421	4,253	4,650	5,061	4,947	5,923	6,377	6,845	6,689	7,829	8,347	8,881
Tax Savings	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	1,564	-14,593
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	29,639
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	179,246
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-31,575
Total Capital In/Out	-34,564	4,701	5,060	4,985	5,816	6,214	6,624	6,511	7,487	7,940	8,409	8,253	9,393	9,910	205,723
Total Return On Investment (IRR)	23.35%

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.