Property Analysis | 417 W 34th St

Property Analysis For: 417 W 34th St

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

Revenue
Rental Income	19,200	19,834	20,488	21,164	21,863	22,584	23,329	24,099	24,895	25,716	26,565	27,441	28,347	29,282	30,249

Expenses (Recurring)
Mortgage Payment	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278	11,278
Estimated Annual Property Taxes	1,343	1,383	1,425	1,468	1,512	1,557	1,604	1,652	1,701	1,752	1,805	1,859	1,915	1,972	2,031
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)	13,293	13,353	13,415	13,479	13,545	13,613	13,684	13,756	13,830	13,907	13,986	14,067	14,150	14,237	14,325
Annual Cash Flows	5,907	6,481	7,073	7,685	8,317	8,971	9,646	10,344	11,064	11,809	12,579	13,375	14,196	15,046	15,923

Expenses (Periodic)
Vacancy Costs	154	793	820	847	875	903	933	964	996	1,029	1,063	1,098	1,134	1,171	1,210
Maintenance & Repairs	0	1,488	1,537	1,587	1,640	1,694	1,750	1,807	1,867	1,929	1,992	2,058	2,126	2,196	2,269
Tenant Placement Credit	-800	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	800	200	200	882	200	200	200	1,004	200	200	200	1,143	200	200	200
Total Expenses (Periodic)	154	2,481	2,556	3,316	2,714	2,797	2,883	3,776	3,063	3,157	3,255	4,299	3,460	3,567	3,679

Total Return On Investment
Acquisition Down Payment	-52,250	0	0	0	0	0	0	0	0	0	0	0	0	0	52,250
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,754	4,000	4,517	4,369	5,603	6,173	6,763	6,568	8,002	8,652	9,324	9,075	10,737	11,478	12,245
Tax Savings	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	2,394	-22,344
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	45,381
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	317,270
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-48,345
Total Capital In/Out	-50,602	6,394	6,911	6,763	7,997	8,567	9,157	8,962	10,396	11,046	11,718	11,469	13,131	13,872	356,457
Total Return On Investment (IRR)	23.58%

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.