Property Analysis | 4716 Manchester Dr

Property Analysis For: 4716 Manchester 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	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296	12,296
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)	14,085	14,139	14,194	14,251	14,310	14,370	14,433	14,497	14,563	14,631	14,701	14,773	14,847	14,924	15,002
Annual Cash Flows	5,055	5,632	6,230	6,847	7,484	8,143	8,824	9,527	10,254	11,005	11,781	12,583	13,411	14,267	15,152

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	-54,750	0	0	0	0	0	0	0	0	0	0	0	0	0	54,750
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,901	3,159	3,681	3,541	4,778	5,354	5,949	5,763	7,200	7,857	8,536	8,297	9,961	10,710	11,484
Tax Savings	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	2,509	-23,413
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	45,684
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	332,450
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-50,658
Total Capital In/Out	-53,840	5,667	6,189	6,050	7,287	7,863	8,458	8,272	9,709	10,365	11,044	10,806	12,470	13,219	370,297
Total Return On Investment (IRR)	22.13%

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.