Property Analysis | 3301 Aden

Property Analysis For: 3301 Aden

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

Revenue
Rental Income	12,600	13,016	13,445	13,889	14,347	14,821	15,310	15,815	16,337	16,876	17,433	18,008	18,603	19,217	19,851

Expenses (Recurring)
Mortgage Payment	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732	6,732
Estimated Annual Property Taxes	876	902	929	957	986	1,016	1,046	1,077	1,110	1,143	1,177	1,213	1,249	1,286	1,325
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)	8,280	8,327	8,374	8,424	8,474	8,527	8,581	8,636	8,693	8,752	8,813	8,875	8,939	9,005	9,074
Annual Cash Flows	4,320	4,689	5,071	5,465	5,873	6,294	6,729	7,179	7,644	8,124	8,621	9,133	9,663	10,211	10,777

Expenses (Periodic)
Vacancy Costs	101	521	538	556	574	593	612	633	653	675	697	720	744	769	794
Maintenance & Repairs	0	976	1,008	1,042	1,076	1,112	1,148	1,186	1,225	1,266	1,307	1,351	1,395	1,441	1,489
Tenant Placement Credit	-525	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	525	200	200	579	200	200	200	659	200	200	200	750	200	200	200
Total Expenses (Periodic)	101	1,697	1,746	2,176	1,850	1,904	1,961	2,478	2,079	2,141	2,205	2,821	2,339	2,410	2,483

Total Return On Investment
Acquisition Down Payment	-29,975	0	0	0	0	0	0	0	0	0	0	0	0	0	29,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,219	2,992	3,325	3,289	4,023	4,390	4,769	4,701	5,565	5,983	6,416	6,312	7,324	7,801	8,294
Tax Savings	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	-12,818
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,012
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	157,448
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-27,735
Total Capital In/Out	-30,883	4,366	4,698	4,663	5,396	5,763	6,142	6,075	6,939	7,357	7,789	7,685	8,697	9,175	180,175
Total Return On Investment (IRR)	23.68%

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.