Property Analysis | 2912 Wingate St

Property Analysis For: 2912 Wingate St

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

Revenue
Rental Income	13,800	14,255	14,726	15,212	15,714	16,232	16,768	17,321	17,893	18,483	19,093	19,723	20,374	21,047	21,741

Expenses (Recurring)
Mortgage Payment	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069	8,069
Estimated Annual Property Taxes	907	934	962	991	1,021	1,051	1,083	1,115	1,149	1,183	1,219	1,256	1,293	1,332	1,372
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)	9,648	9,695	9,744	9,794	9,846	9,899	9,954	10,010	10,069	10,129	10,191	10,254	10,320	10,387	10,457
Annual Cash Flows	4,152	4,561	4,982	5,418	5,868	6,333	6,814	7,311	7,824	8,355	8,903	9,469	10,055	10,659	11,284

Expenses (Periodic)
Vacancy Costs	110	570	589	608	629	649	671	693	716	739	764	789	815	842	870
Maintenance & Repairs	0	1,069	1,104	1,141	1,179	1,217	1,258	1,299	1,342	1,386	1,432	1,479	1,528	1,578	1,631
Tenant Placement Credit	-575	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	575	200	200	634	200	200	200	722	200	200	200	822	200	200	200
Total Expenses (Periodic)	110	1,839	1,893	2,383	2,007	2,067	2,128	2,714	2,258	2,326	2,396	3,090	2,543	2,620	2,700

Total Return On Investment
Acquisition Down Payment	-35,925	0	0	0	0	0	0	0	0	0	0	0	0	0	35,925
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,042	2,721	3,089	3,035	3,861	4,267	4,686	4,597	5,567	6,029	6,507	6,379	7,511	8,039	8,584
Tax Savings	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	1,646	-15,363
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	29,976
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	188,701
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-33,240
Total Capital In/Out	-36,737	4,367	4,735	4,681	5,507	5,913	6,332	6,243	7,213	7,675	8,153	8,025	9,157	9,685	214,583
Total Return On Investment (IRR)	22.12%

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.