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	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892	8,892
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)	10,386	10,431	10,477	10,525	10,574	10,624	10,676	10,729	10,785	10,841	10,900	10,960	11,022	11,086	11,152
Annual Cash Flows	3,954	4,382	4,825	5,282	5,755	6,244	6,748	7,270	7,809	8,365	8,941	9,535	10,149	10,784	11,440

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	3,839	2,479	2,865	2,806	3,677	4,104	4,544	4,450	5,470	5,957	6,459	6,324	7,515	8,069	8,642
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	31,328
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	-39,468	4,246	4,633	4,573	5,445	5,871	6,312	6,217	7,238	7,724	8,226	8,092	9,282	9,837	228,978
Total Return On Investment (IRR)	21.35%

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.