Property Analysis | 305 Sparrow Rd

Property Analysis For: 305 Sparrow Rd

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

Revenue
Rental Income	19,140	19,772	20,424	21,098	21,794	22,514	23,256	24,024	24,817	25,636	26,482	27,356	28,258	29,191	30,154

Expenses (Recurring)
Mortgage Payment	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858	12,858
Estimated Annual Property Taxes	1,117	1,151	1,185	1,221	1,257	1,295	1,334	1,374	1,415	1,457	1,501	1,546	1,593	1,640	1,690
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)	14,647	14,701	14,756	14,813	14,871	14,932	14,994	15,058	15,124	15,192	15,262	15,334	15,409	15,485	15,564
Annual Cash Flows	4,493	5,071	5,668	6,285	6,923	7,582	8,262	8,966	9,693	10,443	11,219	12,021	12,850	13,706	14,590

Expenses (Periodic)
Vacancy Costs	153	791	817	844	872	901	930	961	993	1,025	1,059	1,094	1,130	1,168	1,206
Maintenance & Repairs	0	1,483	1,532	1,582	1,635	1,689	1,744	1,802	1,861	1,923	1,986	2,052	2,119	2,189	2,262
Tenant Placement Credit	-798	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	798	200	200	879	200	200	200	1,001	200	200	200	1,140	200	200	200
Total Expenses (Periodic)	153	2,474	2,549	3,305	2,706	2,789	2,874	3,764	3,054	3,148	3,245	4,286	3,450	3,557	3,668

Total Return On Investment
Acquisition Down Payment	-57,250	0	0	0	0	0	0	0	0	0	0	0	0	0	57,250
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,340	2,597	3,119	2,980	4,216	4,793	5,388	5,202	6,639	7,295	7,974	7,735	9,400	10,149	10,922
Tax Savings	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	-24,482
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	47,770
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	347,631
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-52,971
Total Capital In/Out	-56,787	5,220	5,742	5,603	6,840	7,416	8,011	7,825	9,262	9,918	10,597	10,359	12,023	12,772	386,120
Total Return On Investment (IRR)	21.20%

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.