Property Analysis For: 2240 Corning Ave
Year123456789101112131415
Revenue
Rental Income17,40017,97418,56719,18019,81320,46721,14221,84022,56123,30524,07424,86925,68926,53727,413
Expenses (Recurring)
Mortgage Payment 11,29811,29811,29811,29811,29811,29811,29811,29811,29811,29811,29811,29811,29811,29811,298
Estimated Annual Property Taxes1,3001,3391,3791,4211,4631,5071,5521,5991,6471,6961,7471,8001,8531,9091,966
Estimated Annual Homeowners Insurance6726927137347567798028268518779039309589871,016
Annual Property Mgmt Fee000000000000000
Total Expenses (Recurring)13,27013,32913,39013,45213,51713,58413,65213,72313,79613,87113,94814,02714,10914,19414,280
Annual Cash Flows 4,1304,6455,1785,7286,2966,8837,4908,1178,7659,43510,12610,84111,58012,34413,132
Expenses (Periodic)
Vacancy Costs1397197437677938198468749029329639951,0281,0611,097
Maintenance & Repairs01,3481,3931,4391,4861,5351,5861,6381,6921,7481,8061,8651,9271,9902,056
Tenant Placement Credit-72500000000000000
Tenant Placement/Lease Renewal Fees7252002007992002002009102002002001,036200200200
Total Expenses (Periodic)1392,2672,3353,0052,4782,5542,6313,4222,7942,8802,9693,8963,1543,2523,352
Total Return On Investment
Acquisition Down Payment-49,650000000000000049,650
Acquisition Closing Costs-6,50000000000000000
Net Rental Income 3,9912,3782,8422,7233,8174,3294,8594,6955,9716,5547,1586,9458,4269,0929,780
Tax Savings2,2752,2752,2752,2752,2752,2752,2752,2752,2752,2752,2752,2752,2752,275-21,232
Principal Paydown0000000000000040,873
Estimated Home Price Appreciation 00000000000000301,483
Total Selling, Holding & Closing Costs00000000000000-45,939
Total Capital In/Out-49,8844,6535,1174,9986,0926,6047,1346,9708,2458,8299,4339,22010,70111,367334,614
Total Return On Investment (IRR)21.22%
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.