Property Analysis | 4116 W. 22nd St

Property Analysis For: 4116 W. 22nd St

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	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096	9,096
Estimated Annual Property Taxes	856	882	908	935	963	992	1,022	1,053	1,084	1,117	1,150	1,185	1,220	1,257	1,295
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)	10,624	10,670	10,717	10,766	10,816	10,867	10,921	10,975	11,032	11,090	11,150	11,211	11,275	11,340	11,407
Annual Cash Flows	4,376	4,825	5,289	5,769	6,264	6,776	7,305	7,852	8,417	9,001	9,604	10,227	10,871	11,537	12,224

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	-39,975	0	0	0	0	0	0	0	0	0	0	0	0	0	39,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,256	2,843	3,248	3,178	4,100	4,547	5,009	4,903	5,981	6,490	7,017	6,869	8,125	8,706	9,307
Tax Savings	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	1,832	-17,095
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32,908
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	209,974
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-36,987
Total Capital In/Out	-40,388	4,675	5,080	5,010	5,932	6,379	6,841	6,734	7,812	8,322	8,849	8,700	9,956	10,538	238,082
Total Return On Investment (IRR)	21.98%

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.