Property Analysis | 972 S. Whitehaven Park Cir

Property Analysis For: 972 S. Whitehaven Park Cir

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

Revenue
Rental Income	17,940	18,532	19,144	19,775	20,428	21,102	21,798	22,518	23,261	24,028	24,821	25,640	26,487	27,361	28,264

Expenses (Recurring)
Mortgage Payment	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626	10,626
Estimated Annual Property Taxes	1,328	1,368	1,409	1,451	1,495	1,540	1,586	1,633	1,682	1,733	1,785	1,838	1,893	1,950	2,009
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)	12,626	12,686	12,748	12,812	12,877	12,945	13,014	13,086	13,160	13,236	13,314	13,395	13,478	13,563	13,652
Annual Cash Flows	5,314	5,846	6,395	6,964	7,551	8,157	8,784	9,432	10,101	10,793	11,507	12,246	13,009	13,797	14,612

Expenses (Periodic)
Vacancy Costs	144	741	766	791	817	844	872	901	930	961	993	1,026	1,059	1,094	1,131
Maintenance & Repairs	0	1,390	1,436	1,483	1,532	1,583	1,635	1,689	1,745	1,802	1,862	1,923	1,986	2,052	2,120
Tenant Placement Credit	-748	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	748	200	200	824	200	200	200	938	200	200	200	1,068	200	200	200
Total Expenses (Periodic)	144	2,331	2,402	3,098	2,549	2,627	2,707	3,528	2,875	2,963	3,054	4,017	3,246	3,346	3,450

Total Return On Investment
Acquisition Down Payment	-46,700	0	0	0	0	0	0	0	0	0	0	0	0	0	46,700
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,170	3,515	3,994	3,865	5,001	5,530	6,077	5,904	7,226	7,829	8,453	8,229	9,763	10,451	11,162
Tax Savings	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	-19,971
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	38,445
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	245,298
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-43,210
Total Capital In/Out	-45,890	5,654	6,134	6,005	7,141	7,670	8,217	8,044	9,366	9,969	10,592	10,368	11,903	12,591	278,424
Total Return On Investment (IRR)	22.66%

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.