Property Analysis | 2662 Frisco Ave

Property Analysis For: 2662 Frisco Ave

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

Revenue
Rental Income	15,300	15,805	16,326	16,865	17,422	17,997	18,591	19,204	19,838	20,492	21,169	21,867	22,589	23,334	24,104

Expenses (Recurring)
Mortgage Payment	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062	9,062
Estimated Annual Property Taxes	1,147	1,181	1,217	1,253	1,291	1,330	1,370	1,411	1,453	1,497	1,541	1,588	1,635	1,684	1,735
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)	10,881	10,936	10,992	11,050	11,109	11,171	11,234	11,299	11,366	11,435	11,507	11,580	11,655	11,733	11,813
Annual Cash Flows	4,419	4,869	5,335	5,816	6,313	6,826	7,357	7,905	8,472	9,057	9,662	10,287	10,933	11,601	12,291

Expenses (Periodic)
Vacancy Costs	122	632	653	675	697	720	744	768	794	820	847	875	904	933	964
Maintenance & Repairs	0	1,185	1,224	1,265	1,307	1,350	1,394	1,440	1,488	1,537	1,588	1,640	1,694	1,750	1,808
Tenant Placement Credit	-638	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	638	200	200	703	200	200	200	800	200	200	200	911	200	200	200
Total Expenses (Periodic)	122	2,018	2,078	2,642	2,204	2,270	2,338	3,009	2,481	2,557	2,634	3,426	2,798	2,883	2,972

Total Return On Investment
Acquisition Down Payment	-39,825	0	0	0	0	0	0	0	0	0	0	0	0	0	39,825
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,297	2,852	3,257	3,173	4,109	4,556	5,019	4,896	5,990	6,500	7,028	6,862	8,136	8,718	9,319
Tax Savings	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	1,825	-17,031
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32,785
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	209,186
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-36,849
Total Capital In/Out	-40,204	4,677	5,082	4,998	5,934	6,381	6,843	6,721	7,815	8,325	8,852	8,686	9,960	10,542	237,236
Total Return On Investment (IRR)	22.02%

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.