Property Analysis | 1400 Hanger St

Property Analysis For: 1400 Hanger St

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

Revenue
Rental Income	15,600	16,115	16,647	17,196	17,763	18,350	18,955	19,581	20,227	20,894	21,584	22,296	23,032	23,792	24,577

Expenses (Recurring)
Mortgage Payment	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585
Estimated Annual Property Taxes	922	950	978	1,007	1,038	1,069	1,101	1,134	1,168	1,203	1,239	1,276	1,315	1,354	1,395
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)	10,179	10,227	10,276	10,327	10,379	10,433	10,488	10,545	10,604	10,665	10,727	10,792	10,858	10,926	10,996
Annual Cash Flows	5,421	5,888	6,370	6,869	7,384	7,917	8,467	9,035	9,622	10,229	10,857	11,505	12,174	12,866	13,581

Expenses (Periodic)
Vacancy Costs	125	645	666	688	711	734	758	783	809	836	863	892	921	952	983
Maintenance & Repairs	0	1,209	1,248	1,290	1,332	1,376	1,422	1,469	1,517	1,567	1,619	1,672	1,727	1,784	1,843
Tenant Placement Credit	-650	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	650	200	200	716	200	200	200	816	200	200	200	929	200	200	200
Total Expenses (Periodic)	125	2,053	2,114	2,694	2,243	2,310	2,380	3,068	2,526	2,603	2,682	3,493	2,849	2,936	3,026

Total Return On Investment
Acquisition Down Payment	-38,225	0	0	0	0	0	0	0	0	0	0	0	0	0	38,225
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,296	3,835	4,256	4,175	5,141	5,606	6,087	5,968	7,096	7,627	8,174	8,011	9,325	9,930	10,555
Tax Savings	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	-16,346
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31,895
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200,782
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-35,368
Total Capital In/Out	-37,677	5,586	6,007	5,926	6,893	7,358	7,838	7,719	8,848	9,378	9,926	9,763	11,077	11,681	229,742
Total Return On Investment (IRR)	24.41%

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.