Property Analysis For: 3708 Wax Myrtle Dr
Year123456789101112131415
Revenue
Rental Income15,00015,49516,00616,53517,08017,64418,22618,82819,44920,09120,75421,43922,14622,87723,632
Expenses (Recurring)
Mortgage Payment 8,5428,5428,5428,5428,5428,5428,5428,5428,5428,5428,5428,5428,5428,5428,542
Estimated Annual Property Taxes1,1641,1991,2351,2721,3101,3491,3901,4321,4751,5191,5641,6111,6601,7091,761
Estimated Annual Homeowners Insurance6726927137347567798028268518779039309589871,016
Annual Property Mgmt Fee000000000000000
Total Expenses (Recurring)10,37810,43310,49010,54810,60810,67010,73410,80010,86810,93711,00911,08311,15911,23811,319
Annual Cash Flows 4,6225,0625,5175,9876,4726,9747,4928,0288,5819,1539,74410,35510,98711,63912,313
Expenses (Periodic)
Vacancy Costs120620640661683706729753778804830858886915945
Maintenance & Repairs01,1621,2001,2401,2811,3231,3671,4121,4591,5071,5571,6081,6611,7161,772
Tenant Placement Credit-62500000000000000
Tenant Placement/Lease Renewal Fees625200200689200200200784200200200893200200200
Total Expenses (Periodic)1201,9822,0412,5902,1642,2292,2962,9502,4372,5102,5873,3592,7472,8312,918
Total Return On Investment
Acquisition Down Payment-39,050000000000000039,050
Acquisition Closing Costs-6,50000000000000000
Net Rental Income 4,5023,0803,4763,3964,3084,7455,1965,0786,1456,6437,1586,9978,2408,8089,395
Tax Savings1,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,789-16,699
Principal Paydown0000000000000033,469
Estimated Home Price Appreciation 00000000000000205,116
Total Selling, Holding & Closing Costs00000000000000-36,132
Total Capital In/Out-39,2594,8695,2655,1856,0976,5346,9856,8677,9348,4328,9478,78610,02910,597234,198
Total Return On Investment (IRR)22.55%
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.