Property Analysis | 304 N. Hospital Dr

Property Analysis For: 304 N. Hospital Dr

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

Revenue
Rental Income	11,700	12,086	12,485	12,897	13,323	13,762	14,216	14,685	15,170	15,671	16,188	16,722	17,274	17,844	18,433

Expenses (Recurring)
Mortgage Payment	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307	7,307
Estimated Annual Property Taxes	1,051	1,083	1,115	1,148	1,183	1,218	1,255	1,293	1,331	1,371	1,412	1,455	1,498	1,543	1,590
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)	9,030	9,082	9,135	9,190	9,246	9,305	9,365	9,426	9,490	9,555	9,623	9,692	9,764	9,838	9,913
Annual Cash Flows	2,670	3,004	3,350	3,707	4,076	4,458	4,852	5,259	5,680	6,115	6,565	7,030	7,510	8,006	8,519

Expenses (Periodic)
Vacancy Costs	94	483	499	516	533	550	569	587	607	627	648	669	691	714	737
Maintenance & Repairs	0	906	936	967	999	1,032	1,066	1,101	1,138	1,175	1,214	1,254	1,296	1,338	1,382
Tenant Placement Credit	-488	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	488	200	200	537	200	200	200	612	200	200	200	697	200	200	200
Total Expenses (Periodic)	94	1,590	1,636	2,021	1,732	1,783	1,835	2,301	1,945	2,002	2,062	2,620	2,186	2,252	2,320

Total Return On Investment
Acquisition Down Payment	-31,700	0	0	0	0	0	0	0	0	0	0	0	0	0	31,700
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	2,576	1,414	1,714	1,686	2,344	2,675	3,017	2,958	3,736	4,113	4,503	4,410	5,324	5,754	6,200
Tax Savings	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	1,452	-13,556
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,745
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	166,509
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-29,331
Total Capital In/Out	-34,171	2,867	3,166	3,139	3,796	4,127	4,469	4,411	5,188	5,566	5,956	5,862	6,776	7,207	187,266
Total Return On Investment (IRR)	19.41%

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.