Property Analysis | 5654-5656 Myers Rd

Property Analysis For: 5654-5656 Myers Rd

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

Revenue
Rental Income	22,200	22,933	23,689	24,471	25,279	26,113	26,975	27,865	28,784	29,734	30,715	31,729	32,776	33,858	34,975

Expenses (Recurring)
Mortgage Payment	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087	13,087
Estimated Annual Property Taxes	1,252	1,290	1,328	1,368	1,409	1,451	1,495	1,540	1,586	1,634	1,683	1,733	1,785	1,839	1,894
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)	15,011	15,069	15,129	15,190	15,253	15,318	15,385	15,454	15,525	15,598	15,673	15,751	15,831	15,913	15,998
Annual Cash Flows	7,189	7,863	8,561	9,281	10,026	10,795	11,590	12,411	13,260	14,136	15,042	15,978	16,945	17,945	18,977

Expenses (Periodic)
Vacancy Costs	178	917	948	979	1,011	1,045	1,079	1,115	1,151	1,189	1,229	1,269	1,311	1,354	1,399
Maintenance & Repairs	0	1,720	1,777	1,835	1,896	1,958	2,023	2,090	2,159	2,230	2,304	2,380	2,458	2,539	2,623
Tenant Placement Credit	-925	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	925	200	200	1,020	200	200	200	1,161	200	200	200	1,322	200	200	200
Total Expenses (Periodic)	178	2,837	2,924	3,834	3,107	3,203	3,302	4,365	3,510	3,619	3,732	4,971	3,969	4,094	4,222

Total Return On Investment
Acquisition Down Payment	-56,050	0	0	0	0	0	0	0	0	0	0	0	0	0	56,050
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	7,011	5,026	5,637	5,447	6,919	7,592	8,288	8,046	9,749	10,517	11,310	11,007	12,976	13,851	14,755
Tax Savings	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	-23,969
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	44,904
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	294,410
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-51,861
Total Capital In/Out	-52,971	7,594	8,205	8,016	9,487	10,160	10,856	10,614	12,318	13,085	13,878	13,576	15,544	16,419	334,289
Total Return On Investment (IRR)	24.31%

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.