Property Analysis | 507 E. Palm St

Property Analysis For: 507 E. Palm St

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

Revenue
Rental Income	14,400	14,875	15,366	15,873	16,397	16,938	17,497	18,074	18,671	19,287	19,924	20,581	21,260	21,962	22,686

Expenses (Recurring)
Mortgage Payment	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347	8,347
Estimated Annual Property Taxes	549	565	582	600	618	636	656	675	695	716	738	760	783	806	830
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)	9,568	9,605	9,643	9,682	9,722	9,763	9,805	9,849	9,894	9,941	9,988	10,038	10,088	10,141	10,194
Annual Cash Flows	4,832	5,270	5,723	6,191	6,675	7,175	7,692	8,225	8,777	9,346	9,935	10,543	11,172	11,821	12,492

Expenses (Periodic)
Vacancy Costs	115	595	615	635	656	678	700	723	747	771	797	823	850	878	907
Maintenance & Repairs	0	1,116	1,152	1,190	1,230	1,270	1,312	1,356	1,400	1,447	1,494	1,544	1,595	1,647	1,701
Tenant Placement Credit	-600	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	600	200	200	661	200	200	200	753	200	200	200	858	200	200	200
Total Expenses (Periodic)	115	1,911	1,967	2,487	2,086	2,148	2,212	2,832	2,347	2,418	2,491	3,224	2,645	2,726	2,809

Total Return On Investment
Acquisition Down Payment	-35,750	0	0	0	0	0	0	0	0	0	0	0	0	0	35,750
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,716	3,359	3,756	3,705	4,590	5,027	5,479	5,394	6,430	6,928	7,444	7,319	8,527	9,096	9,683
Tax Savings	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	1,638	-15,288
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	28,641
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	187,782
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-33,078
Total Capital In/Out	-35,896	4,997	5,394	5,343	6,228	6,665	7,117	7,032	8,068	8,566	9,082	8,957	10,165	10,734	213,490
Total Return On Investment (IRR)	23.70%

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.