Property Analysis | 3986 Cochese Ave

Property Analysis For: 3986 Cochese Ave

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

Revenue
Rental Income	16,740	17,292	17,863	18,453	19,061	19,691	20,340	21,012	21,705	22,421	23,161	23,925	24,715	25,531	26,373

Expenses (Recurring)
Mortgage Payment	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915	9,915
Estimated Annual Property Taxes	1,313	1,352	1,393	1,435	1,478	1,522	1,568	1,615	1,663	1,713	1,765	1,817	1,872	1,928	1,986
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)	11,900	11,960	12,021	12,084	12,149	12,216	12,285	12,357	12,430	12,505	12,583	12,663	12,745	12,830	12,918
Annual Cash Flows	4,840	5,333	5,842	6,368	6,912	7,474	8,055	8,655	9,275	9,916	10,578	11,262	11,970	12,700	13,455

Expenses (Periodic)
Vacancy Costs	134	692	715	738	762	788	814	840	868	897	926	957	989	1,021	1,055
Maintenance & Repairs	0	1,297	1,340	1,384	1,430	1,477	1,526	1,576	1,628	1,682	1,737	1,794	1,854	1,915	1,978
Tenant Placement Credit	-698	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	698	200	200	769	200	200	200	875	200	200	200	997	200	200	200
Total Expenses (Periodic)	134	2,189	2,254	2,891	2,392	2,464	2,539	3,292	2,696	2,778	2,864	3,748	3,042	3,136	3,233

Total Return On Investment
Acquisition Down Payment	-43,575	0	0	0	0	0	0	0	0	0	0	0	0	0	43,575
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,706	3,144	3,588	3,477	4,520	5,010	5,516	5,363	6,579	7,138	7,715	7,514	8,927	9,564	10,222
Tax Savings	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	1,997	-18,634
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	35,872
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	228,884
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-40,318
Total Capital In/Out	-43,373	5,141	5,584	5,474	6,517	7,006	7,512	7,360	8,576	9,134	9,711	9,511	10,924	11,561	259,601
Total Return On Investment (IRR)	22.26%

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.