Property Analysis | 3761 Skylark Dr

Property Analysis For: 3761 Skylark Dr

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

Revenue
Rental Income	15,000	15,495	16,006	16,535	17,080	17,644	18,226	18,828	19,449	20,091	20,754	21,439	22,146	22,877	23,632

Expenses (Recurring)
Mortgage Payment	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254	8,254
Estimated Annual Property Taxes	767	790	814	838	863	889	916	943	972	1,001	1,031	1,062	1,094	1,126	1,160
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)	9,693	9,736	9,780	9,826	9,873	9,922	9,972	10,024	10,077	10,131	10,188	10,246	10,305	10,367	10,430
Annual Cash Flows	5,307	5,759	6,226	6,708	7,207	7,722	8,254	8,804	9,372	9,959	10,566	11,193	11,841	12,510	13,201

Expenses (Periodic)
Vacancy Costs	120	620	640	661	683	706	729	753	778	804	830	858	886	915	945
Maintenance & Repairs	0	1,162	1,200	1,240	1,281	1,323	1,367	1,412	1,459	1,507	1,557	1,608	1,661	1,716	1,772
Tenant Placement Credit	-625	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	625	200	200	689	200	200	200	784	200	200	200	893	200	200	200
Total Expenses (Periodic)	120	1,982	2,041	2,590	2,164	2,229	2,296	2,950	2,437	2,510	2,587	3,359	2,747	2,831	2,918

Total Return On Investment
Acquisition Down Payment	-36,750	0	0	0	0	0	0	0	0	0	0	0	0	0	36,750
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,187	3,777	4,185	4,118	5,043	5,493	5,958	5,854	6,936	7,449	7,979	7,834	9,094	9,679	10,284
Tax Savings	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	1,684	-15,716
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,665
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	193,034
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-34,003
Total Capital In/Out	-36,379	5,461	5,869	5,802	6,726	7,177	7,642	7,538	8,619	9,133	9,663	9,518	10,778	11,363	221,014
Total Return On Investment (IRR)	24.52%

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.