Property Analysis | 3363 Justine St

Property Analysis For: 3363 Justine St

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	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384	7,384
Estimated Annual Property Taxes	820	845	870	896	923	951	979	1,008	1,039	1,070	1,102	1,135	1,169	1,204	1,240
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)	8,876	8,921	8,967	9,014	9,063	9,113	9,165	9,219	9,274	9,331	9,389	9,449	9,511	9,575	9,641
Annual Cash Flows	3,724	4,095	4,479	4,875	5,284	5,707	6,145	6,596	7,063	7,546	8,044	8,559	9,092	9,642	10,210

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	-32,450	0	0	0	0	0	0	0	0	0	0	0	0	0	32,450
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	3,623	2,398	2,732	2,699	3,434	3,803	4,184	4,119	4,984	5,405	5,839	5,738	6,752	7,232	7,727
Tax Savings	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	1,487	-13,877
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,714
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	170,448
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-30,025
Total Capital In/Out	-33,840	3,885	4,219	4,186	4,921	5,290	5,671	5,605	6,471	6,892	7,326	7,225	8,239	8,719	193,437
Total Return On Investment (IRR)	21.73%

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.