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	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007	9,007
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)	10,501	10,546	10,592	10,640	10,689	10,739	10,791	10,845	10,900	10,956	11,015	11,075	11,137	11,201	11,267
Annual Cash Flows	3,839	4,267	4,710	5,167	5,640	6,128	6,633	7,155	7,693	8,250	8,826	9,420	10,034	10,669	11,325

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	3,724	2,364	2,750	2,691	3,562	3,989	4,429	4,335	5,355	5,841	6,344	6,209	7,400	7,954	8,527
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	30,904
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	-39,583	4,131	4,518	4,458	5,330	5,756	6,197	6,102	7,123	7,609	8,111	7,977	9,167	9,722	228,438
Total Return On Investment (IRR)	21.12%

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.