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	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501	10,501
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)	11,726	11,763	11,801	11,840	11,880	11,922	11,964	12,008	12,053	12,100	12,148	12,197	12,248	12,300	12,354
Annual Cash Flows	6,214	6,769	7,343	7,935	8,548	9,180	9,834	10,510	11,208	11,929	12,674	13,443	14,239	15,060	15,909

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	6,070	4,438	4,941	4,837	5,998	6,554	7,127	6,982	8,333	8,965	9,619	9,426	10,993	11,714	12,459
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	36,031
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	-43,344	6,498	7,002	6,898	8,059	8,614	9,188	9,043	10,393	11,026	11,680	11,487	13,053	13,774	268,856
Total Return On Investment (IRR)	24.68%

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.