Property Analysis | 2710 Lowell Ave

Property Analysis For: 2710 Lowell Ave

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

Revenue
Rental Income	11,100	11,466	11,845	12,236	12,639	13,056	13,487	13,932	14,392	14,867	15,358	15,865	16,388	16,929	17,487

Expenses (Recurring)
Mortgage Payment	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662	6,662
Estimated Annual Property Taxes	656	676	696	717	738	760	783	807	831	856	882	908	935	963	992
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)	7,990	8,030	8,071	8,113	8,156	8,201	8,247	8,295	8,344	8,395	8,447	8,500	8,555	8,612	8,671
Annual Cash Flows	3,110	3,437	3,774	4,123	4,483	4,855	5,240	5,637	6,048	6,473	6,911	7,364	7,833	8,317	8,817

Expenses (Periodic)
Vacancy Costs	89	459	474	489	506	522	539	557	576	595	614	635	656	677	699
Maintenance & Repairs	0	860	888	918	948	979	1,012	1,045	1,079	1,115	1,152	1,190	1,229	1,270	1,312
Tenant Placement Credit	-463	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	463	200	200	510	200	200	200	581	200	200	200	661	200	200	200
Total Expenses (Periodic)	89	1,519	1,562	1,917	1,654	1,701	1,751	2,183	1,855	1,910	1,966	2,485	2,085	2,147	2,211

Total Return On Investment
Acquisition Down Payment	-28,900	0	0	0	0	0	0	0	0	0	0	0	0	0	28,900
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,021	1,918	2,212	2,206	2,829	3,154	3,489	3,455	4,193	4,563	4,945	4,879	5,748	6,170	6,606
Tax Savings	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	1,324	-12,359
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23,471
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	151,801
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-26,740
Total Capital In/Out	-31,054	3,242	3,536	3,530	4,153	4,478	4,813	4,779	5,517	5,887	6,269	6,203	7,072	7,494	171,679
Total Return On Investment (IRR)	20.84%

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.