Property Analysis | 344-346 Flynn Rd

Property Analysis For: 344-346 Flynn Rd

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

Revenue
Rental Income	15,600	16,115	16,647	17,196	17,763	18,350	18,955	19,581	20,227	20,894	21,584	22,296	23,032	23,792	24,577

Expenses (Recurring)
Mortgage Payment	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585	8,585
Estimated Annual Property Taxes	675	695	716	738	760	783	806	830	855	881	907	934	962	991	1,021
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)	9,932	9,972	10,014	10,057	10,101	10,147	10,193	10,242	10,291	10,343	10,395	10,450	10,506	10,563	10,623
Annual Cash Flows	5,668	6,142	6,632	7,139	7,662	8,203	8,762	9,339	9,935	10,552	11,188	11,846	12,526	13,229	13,954

Expenses (Periodic)
Vacancy Costs	125	645	666	688	711	734	758	783	809	836	863	892	921	952	983
Maintenance & Repairs	0	1,209	1,248	1,290	1,332	1,376	1,422	1,469	1,517	1,567	1,619	1,672	1,727	1,784	1,843
Tenant Placement Credit	-650	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	650	200	200	716	200	200	200	816	200	200	200	929	200	200	200
Total Expenses (Periodic)	125	2,053	2,114	2,694	2,243	2,310	2,380	3,068	2,526	2,603	2,682	3,493	2,849	2,936	3,026

Total Return On Investment
Acquisition Down Payment	-38,225	0	0	0	0	0	0	0	0	0	0	0	0	0	38,225
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,543	4,089	4,518	4,445	5,419	5,893	6,382	6,271	7,409	7,949	8,506	8,353	9,678	10,293	10,928
Tax Savings	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	1,751	-16,346
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	31,895
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200,782
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-35,368
Total Capital In/Out	-37,430	5,841	6,270	6,196	7,171	7,644	8,133	8,023	9,161	9,700	10,258	10,105	11,429	12,044	230,116
Total Return On Investment (IRR)	25.00%

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.