Property Analysis | 4803 Greenfield Dr

Property Analysis For: 4803 Greenfield Dr

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

Revenue
Rental Income	15,000	15,495	16,006	16,535	17,080	17,644	18,226	18,828	19,449	20,091	20,754	21,439	22,146	22,877	23,632

Expenses (Recurring)
Mortgage Payment	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176	9,176
Estimated Annual Property Taxes	766	789	813	837	862	888	915	942	970	999	1,029	1,060	1,092	1,125	1,159
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)	10,614	10,658	10,702	10,748	10,795	10,843	10,893	10,945	10,998	11,053	11,109	11,167	11,227	11,288	11,351
Annual Cash Flows	4,386	4,837	5,304	5,787	6,285	6,800	7,333	7,883	8,451	9,038	9,645	10,272	10,919	11,589	12,280

Expenses (Periodic)
Vacancy Costs	120	620	640	661	683	706	729	753	778	804	830	858	886	915	945
Maintenance & Repairs	0	1,162	1,200	1,240	1,281	1,323	1,367	1,412	1,459	1,507	1,557	1,608	1,661	1,716	1,772
Tenant Placement Credit	-625	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	625	200	200	689	200	200	200	784	200	200	200	893	200	200	200
Total Expenses (Periodic)	120	1,982	2,041	2,590	2,164	2,229	2,296	2,950	2,437	2,510	2,587	3,359	2,747	2,831	2,918

Total Return On Investment
Acquisition Down Payment	-39,300	0	0	0	0	0	0	0	0	0	0	0	0	0	39,300
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,266	2,856	3,264	3,196	4,121	4,571	5,037	4,933	6,014	6,528	7,058	6,913	8,173	8,758	9,363
Tax Savings	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	-16,806
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31,485
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	206,429
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-36,363
Total Capital In/Out	-39,734	4,656	5,064	4,997	5,922	6,372	6,837	6,734	7,815	8,328	8,859	8,714	9,973	10,559	233,407
Total Return On Investment (IRR)	22.10%

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.