Property Analysis | 4803 Greenfield Dr

Property Analysis For: 4803 Greenfield Dr

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

Revenue
Rental Income	15,000	15,495	16,006	16,535	17,080	17,644	18,226	18,828	19,449	20,091	20,754	21,439	22,146	22,877	23,632

Expenses (Recurring)
Mortgage Payment	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942	8,942
Estimated Annual Property Taxes	766	789	813	837	862	888	915	942	970	999	1,029	1,060	1,092	1,125	1,159
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)	10,380	10,424	10,468	10,514	10,561	10,610	10,660	10,711	10,764	10,819	10,875	10,933	10,993	11,054	11,118
Annual Cash Flows	4,620	5,071	5,538	6,021	6,519	7,034	7,567	8,116	8,685	9,272	9,879	10,505	11,153	11,823	12,514

Expenses (Periodic)
Vacancy Costs	120	620	640	661	683	706	729	753	778	804	830	858	886	915	945
Maintenance & Repairs	0	1,162	1,200	1,240	1,281	1,323	1,367	1,412	1,459	1,507	1,557	1,608	1,661	1,716	1,772
Tenant Placement Credit	-625	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	625	200	200	689	200	200	200	784	200	200	200	893	200	200	200
Total Expenses (Periodic)	120	1,982	2,041	2,590	2,164	2,229	2,296	2,950	2,437	2,510	2,587	3,359	2,747	2,831	2,918

Total Return On Investment
Acquisition Down Payment	-39,300	0	0	0	0	0	0	0	0	0	0	0	0	0	39,300
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,500	3,089	3,498	3,430	4,355	4,805	5,271	5,167	6,248	6,761	7,292	7,147	8,406	8,992	9,596
Tax Savings	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	1,801	-16,806
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32,353
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	206,429
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-36,363
Total Capital In/Out	-39,500	4,890	5,298	5,231	6,156	6,606	7,071	6,967	8,049	8,562	9,093	8,947	10,207	10,792	234,509
Total Return On Investment (IRR)	22.57%

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.