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	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784	12,784
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)	14,573	14,627	14,682	14,739	14,797	14,858	14,920	14,984	15,050	15,118	15,188	15,260	15,335	15,411	15,490
Annual Cash Flows	4,567	5,145	5,742	6,359	6,997	7,656	8,336	9,040	9,767	10,518	11,294	12,095	12,924	13,780	14,664

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	4,414	2,671	3,193	3,054	4,291	4,867	5,462	5,276	6,713	7,369	8,048	7,810	9,474	10,223	10,996
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	43,862
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	-54,327	5,180	5,702	5,563	6,799	7,375	7,970	7,785	9,221	9,878	10,557	10,318	11,983	12,731	367,988
Total Return On Investment (IRR)	21.46%

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.