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	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458	12,458
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)	14,247	14,301	14,356	14,413	14,472	14,532	14,594	14,658	14,724	14,792	14,862	14,934	15,009	15,085	15,164
Annual Cash Flows	4,893	5,471	6,068	6,685	7,323	7,982	8,662	9,366	10,092	10,843	11,619	12,421	13,250	14,106	14,990

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	4,740	2,997	3,519	3,380	4,616	5,192	5,788	5,602	7,038	7,695	8,374	8,135	9,800	10,549	11,322
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	45,072
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	-54,002	5,506	6,028	5,888	7,125	7,701	8,296	8,110	9,547	10,204	10,882	10,644	12,308	13,057	369,523
Total Return On Investment (IRR)	21.90%

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.