Property Analysis | 317 Warren St

Property Analysis For: 317 Warren 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	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871	9,871
Estimated Annual Property Taxes	1,459	1,503	1,548	1,594	1,642	1,691	1,742	1,794	1,848	1,904	1,961	2,020	2,080	2,143	2,207
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)	12,002	12,066	12,132	12,199	12,269	12,341	12,415	12,492	12,570	12,651	12,735	12,821	12,909	13,000	13,094
Annual Cash Flows	5,938	6,466	7,012	7,576	8,159	8,761	9,383	10,026	10,690	11,377	12,087	12,820	13,577	14,360	15,169

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	-43,950	0	0	0	0	0	0	0	0	0	0	0	0	0	43,950
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,795	4,135	4,610	4,478	5,609	6,134	6,676	6,498	7,815	8,414	9,032	8,803	10,331	11,014	11,719
Tax Savings	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	2,014	-18,795
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36,672
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	230,853
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-40,665
Total Capital In/Out	-42,642	6,149	6,624	6,491	7,623	8,148	8,690	8,512	9,829	10,428	11,046	10,816	12,345	13,028	263,735
Total Return On Investment (IRR)	24.20%

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.