Property Analysis | 3734 Kimball Ave

Property Analysis For: 3734 Kimball Ave

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

Revenue
Rental Income	17,400	17,974	18,567	19,180	19,813	20,467	21,142	21,840	22,561	23,305	24,074	24,869	25,689	26,537	27,413

Expenses (Recurring)
Mortgage Payment	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367	10,367
Estimated Annual Property Taxes	1,307	1,346	1,387	1,428	1,471	1,515	1,561	1,607	1,656	1,705	1,756	1,809	1,863	1,919	1,977
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)	12,346	12,406	12,467	12,530	12,595	12,661	12,730	12,801	12,874	12,949	13,027	13,107	13,189	13,274	13,361
Annual Cash Flows	5,054	5,569	6,101	6,650	7,218	7,805	8,412	9,039	9,686	10,356	11,047	11,762	12,500	13,264	14,052

Expenses (Periodic)
Vacancy Costs	139	719	743	767	793	819	846	874	902	932	963	995	1,028	1,061	1,097
Maintenance & Repairs	0	1,348	1,393	1,439	1,486	1,535	1,586	1,638	1,692	1,748	1,806	1,865	1,927	1,990	2,056
Tenant Placement Credit	-725	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	725	200	200	799	200	200	200	910	200	200	200	1,036	200	200	200
Total Expenses (Periodic)	139	2,267	2,335	3,005	2,478	2,554	2,631	3,422	2,794	2,880	2,969	3,896	3,154	3,252	3,352

Total Return On Investment
Acquisition Down Payment	-44,975	0	0	0	0	0	0	0	0	0	0	0	0	0	44,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,915	3,302	3,765	3,645	4,740	5,252	5,781	5,617	6,892	7,476	8,079	7,866	9,346	10,012	10,700
Tax Savings	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	2,061	-19,233
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	36,526
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	236,237
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41,614
Total Capital In/Out	-44,500	5,362	5,826	5,706	6,801	7,312	7,841	7,678	8,953	9,536	10,139	9,927	11,407	12,073	267,591
Total Return On Investment (IRR)	22.44%

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.