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 8,6568,6568,6568,6568,6568,6568,6568,6568,6568,6568,6568,6568,6568,6568,656
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)10,49210,54710,60410,66210,72210,78410,84810,91410,98211,05111,12311,19711,27311,35211,433
Annual Cash Flows 4,5084,9485,4035,8736,3586,8607,3787,9148,4679,0399,63010,24110,87311,52512,199
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 4,3882,9663,3623,2824,1944,6315,0824,9646,0316,5297,0446,8838,1268,6949,281
Tax Savings1,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,7891,789-16,699
Principal Paydown0000000000000033,024
Estimated Home Price Appreciation 00000000000000205,116
Total Selling, Holding & Closing Costs00000000000000-36,132
Total Capital In/Out-39,3734,7555,1515,0715,9836,4206,8716,7537,8208,3188,8338,6729,91510,483233,640
Total Return On Investment (IRR)22.32%
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.