Property Analysis | 1953 The Elms Ave

Property Analysis For: 1953 The Elms Ave

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

Revenue
Rental Income	10,500	10,847	11,204	11,574	11,956	12,351	12,758	13,179	13,614	14,063	14,528	15,007	15,502	16,014	16,542

Expenses (Recurring)
Mortgage Payment	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990	5,990
Estimated Annual Property Taxes	400	412	424	437	450	464	478	492	507	522	538	554	570	587	605
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)	7,062	7,094	7,127	7,162	7,197	7,233	7,270	7,309	7,348	7,389	7,431	7,474	7,519	7,564	7,612
Annual Cash Flows	3,438	3,752	4,077	4,413	4,759	5,118	5,488	5,871	6,266	6,675	7,097	7,533	7,984	8,449	8,931

Expenses (Periodic)
Vacancy Costs	84	434	448	463	478	494	510	527	545	563	581	600	620	641	662
Maintenance & Repairs	0	813	840	868	897	926	957	988	1,021	1,055	1,090	1,126	1,163	1,201	1,241
Tenant Placement Credit	-438	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	438	200	200	482	200	200	200	549	200	200	200	625	200	200	200
Total Expenses (Periodic)	84	1,447	1,489	1,813	1,575	1,620	1,667	2,065	1,766	1,817	1,871	2,351	1,983	2,042	2,102

Total Return On Investment
Acquisition Down Payment	-26,325	0	0	0	0	0	0	0	0	0	0	0	0	0	26,325
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,354	2,305	2,589	2,599	3,185	3,498	3,821	3,806	4,500	4,857	5,226	5,182	6,001	6,408	6,828
Tax Savings	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	1,206	-11,258
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	21,671
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	138,276
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-24,358
Total Capital In/Out	-28,265	3,511	3,795	3,806	4,391	4,704	5,027	5,012	5,707	6,064	6,432	6,388	7,207	7,614	157,485
Total Return On Investment (IRR)	22.24%

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.