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	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234	10,234
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)	11,459	11,496	11,533	11,572	11,613	11,654	11,697	11,740	11,786	11,832	11,880	11,929	11,980	12,033	12,087
Annual Cash Flows	6,481	7,036	7,610	8,203	8,815	9,448	10,102	10,777	11,475	12,196	12,941	13,711	14,506	15,328	16,177

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	6,338	4,705	5,209	5,105	6,266	6,821	7,395	7,250	8,600	9,233	9,887	9,694	11,260	11,981	12,727
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	37,025
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	-43,077	6,766	7,269	7,165	8,327	8,882	9,456	9,310	10,661	11,294	11,947	11,755	13,321	14,042	270,117
Total Return On Investment (IRR)	25.20%

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.