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	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367
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)	11,592	11,629	11,667	11,706	11,746	11,787	11,830	11,874	11,919	11,966	12,014	12,063	12,114	12,166	12,220
Annual Cash Flows	6,348	6,903	7,477	8,069	8,682	9,315	9,968	10,644	11,342	12,063	12,808	13,578	14,373	15,194	16,043

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	6,204	4,572	5,075	4,971	6,133	6,688	7,262	7,116	8,467	9,100	9,753	9,561	11,127	11,848	12,593
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	36,526
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	-43,210	6,632	7,136	7,032	8,193	8,749	9,322	9,177	10,527	11,160	11,814	11,621	13,187	13,909	269,485
Total Return On Investment (IRR)	24.94%

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.