Property Analysis | 308 Mills St

Property Analysis For: 308 Mills St

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

Revenue
Rental Income	18,600	19,214	19,848	20,503	21,179	21,878	22,600	23,346	24,117	24,912	25,735	26,584	27,461	28,367	29,303

Expenses (Recurring)
Mortgage Payment	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303	11,303
Estimated Annual Property Taxes	840	865	891	918	945	974	1,003	1,033	1,064	1,096	1,129	1,163	1,198	1,234	1,271
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)	12,815	12,861	12,907	12,955	13,005	13,056	13,109	13,163	13,219	13,276	13,335	13,396	13,459	13,524	13,590
Annual Cash Flows	5,785	6,353	6,941	7,547	8,174	8,822	9,492	10,183	10,898	11,636	12,399	13,188	14,002	14,844	15,713

Expenses (Periodic)
Vacancy Costs	149	769	794	820	847	875	904	934	965	996	1,029	1,063	1,098	1,135	1,172
Maintenance & Repairs	0	1,441	1,489	1,538	1,588	1,641	1,695	1,751	1,809	1,868	1,930	1,994	2,060	2,128	2,198
Tenant Placement Credit	-775	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	775	200	200	854	200	200	200	973	200	200	200	1,108	200	200	200
Total Expenses (Periodic)	149	2,410	2,483	3,212	2,636	2,716	2,799	3,658	2,973	3,065	3,159	4,165	3,358	3,462	3,570

Total Return On Investment
Acquisition Down Payment	-49,675	0	0	0	0	0	0	0	0	0	0	0	0	0	49,675
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,636	3,944	4,458	4,335	5,539	6,106	6,693	6,526	7,925	8,571	9,240	9,023	10,644	11,381	12,143
Tax Savings	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	2,276	-21,243
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40,894
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	260,925
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-45,962
Total Capital In/Out	-48,263	6,220	6,734	6,611	7,815	8,382	8,969	8,802	10,201	10,847	11,516	11,299	12,920	13,657	296,431
Total Return On Investment (IRR)	23.11%

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.