Property Analysis | 2963 Semmes St

Property Analysis For: 2963 Semmes St

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

Revenue
Rental Income	10,500	10,847	11,204	11,574	11,956	12,351	12,758	13,179	13,614	14,063	14,528	15,007	15,502	16,014	16,542

Expenses (Recurring)
Mortgage Payment	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778	5,778
Estimated Annual Property Taxes	581	598	616	635	654	674	694	715	736	758	781	804	828	853	879
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)	7,031	7,068	7,107	7,147	7,188	7,230	7,274	7,319	7,365	7,413	7,462	7,512	7,564	7,618	7,673
Annual Cash Flows	3,469	3,778	4,097	4,427	4,768	5,120	5,484	5,861	6,249	6,651	7,066	7,495	7,938	8,396	8,869

Expenses (Periodic)
Vacancy Costs	84	434	448	463	478	494	510	527	545	563	581	600	620	641	662
Maintenance & Repairs	0	813	840	868	897	926	957	988	1,021	1,055	1,090	1,126	1,163	1,201	1,241
Tenant Placement Credit	-438	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	438	200	200	482	200	200	200	549	200	200	200	625	200	200	200
Total Expenses (Periodic)	84	1,447	1,489	1,813	1,575	1,620	1,667	2,065	1,766	1,817	1,871	2,351	1,983	2,042	2,102

Total Return On Investment
Acquisition Down Payment	-25,725	0	0	0	0	0	0	0	0	0	0	0	0	0	25,725
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,385	2,331	2,609	2,614	3,193	3,500	3,817	3,796	4,484	4,834	5,195	5,144	5,955	6,354	6,767
Tax Savings	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	1,179	-11,001
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	21,465
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	135,124
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-23,802
Total Capital In/Out	-27,661	3,510	3,788	3,793	4,372	4,679	4,996	4,975	5,662	6,012	6,374	6,322	7,134	7,533	154,278
Total Return On Investment (IRR)	22.41%

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.