Property Analysis | 2216 E Washington Ave

Property Analysis For: 2216 E Washington Ave

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

Revenue
Rental Income	15,540	16,053	16,583	17,130	17,695	18,279	18,882	19,505	20,149	20,814	21,501	22,210	22,943	23,700	24,482

Expenses (Recurring)
Mortgage Payment	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551	8,551
Estimated Annual Property Taxes	956	985	1,014	1,045	1,076	1,108	1,142	1,176	1,211	1,247	1,285	1,323	1,363	1,404	1,446
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	10,228	10,279	10,330	10,384	10,439	10,495	10,554	10,614	10,676	10,739	10,805	10,873	10,942	11,014
Annual Cash Flows	5,361	5,825	6,304	6,799	7,311	7,840	8,387	8,952	9,535	10,138	10,762	11,405	12,071	12,758	13,469

Expenses (Periodic)
Vacancy Costs	124	642	663	685	708	731	755	780	806	833	860	888	918	948	979
Maintenance & Repairs	0	1,204	1,244	1,285	1,327	1,371	1,416	1,463	1,511	1,561	1,613	1,666	1,721	1,778	1,836
Tenant Placement Credit	-648	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	648	200	200	714	200	200	200	813	200	200	200	925	200	200	200
Total Expenses (Periodic)	124	2,046	2,107	2,684	2,235	2,302	2,371	3,056	2,517	2,594	2,673	3,480	2,838	2,926	3,015

Total Return On Investment
Acquisition Down Payment	-38,075	0	0	0	0	0	0	0	0	0	0	0	0	0	38,075
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,236	3,779	4,197	4,116	5,076	5,538	6,015	5,896	7,018	7,545	8,089	7,926	9,232	9,833	10,453
Tax Savings	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	1,745	-16,282
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31,770
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	199,994
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-35,229
Total Capital In/Out	-37,594	5,523	5,942	5,860	6,821	7,283	7,760	7,640	8,763	9,289	9,833	9,670	10,977	11,577	228,781
Total Return On Investment (IRR)	24.30%

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.