Property Analysis | 33 Exeter Dr

Property Analysis For: 33 Exeter Dr

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

Revenue
Rental Income	14,340	14,813	15,302	15,807	16,329	16,868	17,424	17,999	18,593	19,207	19,840	20,495	21,172	21,870	22,592

Expenses (Recurring)
Mortgage Payment	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778	8,778
Estimated Annual Property Taxes	822	847	872	898	925	953	982	1,011	1,041	1,073	1,105	1,138	1,172	1,207	1,243
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)	10,272	10,316	10,363	10,410	10,459	10,509	10,561	10,615	10,670	10,727	10,785	10,846	10,908	10,972	11,037
Annual Cash Flows	4,068	4,497	4,940	5,397	5,870	6,358	6,863	7,384	7,923	8,480	9,055	9,650	10,264	10,899	11,555

Expenses (Periodic)
Vacancy Costs	115	593	612	632	653	675	697	720	744	768	794	820	847	875	904
Maintenance & Repairs	0	1,111	1,148	1,186	1,225	1,265	1,307	1,350	1,394	1,441	1,488	1,537	1,588	1,640	1,694
Tenant Placement Credit	-598	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	598	200	200	659	200	200	200	750	200	200	200	854	200	200	200
Total Expenses (Periodic)	115	1,904	1,960	2,476	2,078	2,140	2,204	2,820	2,338	2,409	2,482	3,211	2,635	2,715	2,798

Total Return On Investment
Acquisition Down Payment	-38,575	0	0	0	0	0	0	0	0	0	0	0	0	0	38,575
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,954	2,593	2,980	2,921	3,792	4,218	4,659	4,564	5,585	6,071	6,573	6,439	7,629	8,184	8,757
Tax Savings	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	1,767	-16,496
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31,756
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	202,621
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-35,692
Total Capital In/Out	-39,354	4,361	4,747	4,688	5,559	5,986	6,426	6,332	7,352	7,838	8,341	8,206	9,397	9,951	229,520
Total Return On Investment (IRR)	21.58%

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.