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	14,340	14,813	15,302	15,807	16,329	16,868	17,424	17,999	18,593	19,207	19,840	20,495	21,172	21,870	22,592

Expenses (Recurring)
Mortgage Payment	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035	8,035
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)	9,256	9,292	9,330	9,369	9,409	9,450	9,493	9,536	9,581	9,628	9,675	9,725	9,775	9,828	9,881
Annual Cash Flows	5,084	5,521	5,972	6,438	6,920	7,417	7,932	8,463	9,012	9,579	10,165	10,770	11,396	12,043	12,710

Expenses (Periodic)
Vacancy Costs	115	593	612	632	653	675	697	720	744	768	794	820	847	875	904
Maintenance & Repairs	0	1,111	1,148	1,186	1,225	1,265	1,307	1,350	1,394	1,441	1,488	1,537	1,588	1,640	1,694
Tenant Placement Credit	-598	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	598	200	200	659	200	200	200	750	200	200	200	854	200	200	200
Total Expenses (Periodic)	115	1,904	1,960	2,476	2,078	2,140	2,204	2,820	2,338	2,409	2,482	3,211	2,635	2,715	2,798

Total Return On Investment
Acquisition Down Payment	-37,225	0	0	0	0	0	0	0	0	0	0	0	0	0	37,225
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,970	3,617	4,012	3,962	4,842	5,278	5,728	5,643	6,674	7,170	7,683	7,560	8,761	9,327	9,912
Tax Savings	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	1,706	-15,919
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32,331
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	195,529
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-34,443
Total Capital In/Out	-37,050	5,323	5,718	5,667	6,548	6,983	7,433	7,349	8,379	8,876	9,389	9,265	10,467	11,033	224,636
Total Return On Investment (IRR)	23.99%

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.