Property Analysis | 3026 Knightway Rd

Property Analysis For: 3026 Knightway Rd

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	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281	8,281
Estimated Annual Property Taxes	1,191	1,227	1,264	1,301	1,340	1,381	1,422	1,465	1,509	1,554	1,601	1,649	1,698	1,749	1,801
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)	10,144	10,200	10,258	10,317	10,378	10,441	10,506	10,572	10,641	10,712	10,785	10,860	10,937	11,017	11,099
Annual Cash Flows	3,656	4,055	4,468	4,895	5,336	5,791	6,262	6,749	7,252	7,771	8,308	8,863	9,437	10,030	10,642

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	3,545	2,216	2,575	2,512	3,329	3,725	4,134	4,035	4,994	5,446	5,913	5,773	6,894	7,409	7,942
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	29,176
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	-37,234	3,862	4,221	4,158	4,975	5,371	5,780	5,681	6,640	7,092	7,559	7,419	8,540	9,055	213,141
Total Return On Investment (IRR)	21.01%

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.