Property Analysis | 2723 Burns Ave

Property Analysis For: 2723 Burns Ave

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

Revenue
Rental Income	10,740	11,094	11,461	11,839	12,229	12,633	13,050	13,481	13,925	14,385	14,860	15,350	15,857	16,380	16,920

Expenses (Recurring)
Mortgage Payment	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772	5,772
Estimated Annual Property Taxes	718	740	762	785	808	832	857	883	910	937	965	994	1,024	1,054	1,086
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)	7,162	7,204	7,247	7,291	7,337	7,383	7,432	7,482	7,533	7,586	7,640	7,696	7,754	7,813	7,875
Annual Cash Flows	3,578	3,891	4,214	4,548	4,893	5,250	5,618	5,999	6,393	6,799	7,220	7,654	8,103	8,566	9,046

Expenses (Periodic)
Vacancy Costs	86	444	458	474	489	505	522	539	557	575	594	614	634	655	677
Maintenance & Repairs	0	832	860	888	917	947	979	1,011	1,044	1,079	1,114	1,151	1,189	1,228	1,269
Tenant Placement Credit	-448	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	448	200	200	493	200	200	200	562	200	200	200	640	200	200	200
Total Expenses (Periodic)	86	1,476	1,518	1,855	1,606	1,653	1,701	2,112	1,801	1,854	1,909	2,405	2,024	2,084	2,146

Total Return On Investment
Acquisition Down Payment	-25,700	0	0	0	0	0	0	0	0	0	0	0	0	0	25,700
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,492	2,415	2,696	2,693	3,287	3,597	3,917	3,887	4,591	4,945	5,311	5,249	6,079	6,483	6,900
Tax Savings	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	1,178	-10,990
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	21,444
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	134,993
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-23,779
Total Capital In/Out	-27,530	3,592	3,873	3,871	4,464	4,774	5,095	5,065	5,769	6,122	6,488	6,427	7,257	7,660	154,268
Total Return On Investment (IRR)	22.69%

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.