Property Analysis | 312 W. 20th St

Property Analysis For: 312 W. 20th St

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

Revenue
Rental Income	17,940	18,532	19,144	19,775	20,428	21,102	21,798	22,518	23,261	24,028	24,821	25,640	26,487	27,361	28,264

Expenses (Recurring)
Mortgage Payment	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101	10,101
Estimated Annual Property Taxes	553	570	587	604	622	641	660	680	701	722	743	765	788	812	836
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)	11,326	11,363	11,401	11,440	11,480	11,521	11,564	11,608	11,653	11,699	11,747	11,797	11,848	11,900	11,954
Annual Cash Flows	6,614	7,169	7,743	8,336	8,948	9,581	10,235	10,910	11,608	12,329	13,074	13,844	14,639	15,461	16,310

Expenses (Periodic)
Vacancy Costs	144	741	766	791	817	844	872	901	930	961	993	1,026	1,059	1,094	1,131
Maintenance & Repairs	0	1,390	1,436	1,483	1,532	1,583	1,635	1,689	1,745	1,802	1,862	1,923	1,986	2,052	2,120
Tenant Placement Credit	-748	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	748	200	200	824	200	200	200	938	200	200	200	1,068	200	200	200
Total Expenses (Periodic)	144	2,331	2,402	3,098	2,549	2,627	2,707	3,528	2,875	2,963	3,054	4,017	3,246	3,346	3,450

Total Return On Investment
Acquisition Down Payment	-44,975	0	0	0	0	0	0	0	0	0	0	0	0	0	44,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	6,470	4,838	5,341	5,238	6,399	6,954	7,528	7,382	8,733	9,366	10,020	9,827	11,393	12,114	12,859
Tax Savings	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	-19,233
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	37,528
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	236,237
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41,614
Total Capital In/Out	-42,944	6,899	7,402	7,298	8,460	9,015	9,588	9,443	10,794	11,426	12,080	11,887	13,454	14,175	270,753
Total Return On Investment (IRR)	25.46%

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.