Property Analysis | 412 Meadows Dr

Property Analysis For: 412 Meadows Dr

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

Revenue
Rental Income	19,140	19,772	20,424	21,098	21,794	22,514	23,256	24,024	24,817	25,636	26,482	27,356	28,258	29,191	30,154

Expenses (Recurring)
Mortgage Payment	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027	13,027
Estimated Annual Property Taxes	1,117	1,151	1,185	1,221	1,257	1,295	1,334	1,374	1,415	1,457	1,501	1,546	1,593	1,640	1,690
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)	14,816	14,870	14,925	14,982	15,040	15,101	15,163	15,227	15,293	15,361	15,431	15,503	15,578	15,654	15,733
Annual Cash Flows	4,324	4,902	5,499	6,116	6,754	7,413	8,093	8,797	9,524	10,275	11,050	11,852	12,681	13,537	14,421

Expenses (Periodic)
Vacancy Costs	153	791	817	844	872	901	930	961	993	1,025	1,059	1,094	1,130	1,168	1,206
Maintenance & Repairs	0	1,483	1,532	1,582	1,635	1,689	1,744	1,802	1,861	1,923	1,986	2,052	2,119	2,189	2,262
Tenant Placement Credit	-798	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	798	200	200	879	200	200	200	1,001	200	200	200	1,140	200	200	200
Total Expenses (Periodic)	153	2,474	2,549	3,305	2,706	2,789	2,874	3,764	3,054	3,148	3,245	4,286	3,450	3,557	3,668

Total Return On Investment
Acquisition Down Payment	-57,250	0	0	0	0	0	0	0	0	0	0	0	0	0	57,250
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,171	2,428	2,950	2,811	4,048	4,624	5,219	5,033	6,470	7,126	7,805	7,567	9,231	9,980	10,753
Tax Savings	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	2,623	-24,482
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	47,130
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	347,631
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-52,971
Total Capital In/Out	-56,956	5,051	5,574	5,434	6,671	7,247	7,842	7,656	9,093	9,750	10,428	10,190	11,854	12,603	385,310
Total Return On Investment (IRR)	20.99%

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.