Property Analysis | 4823 Summerlane Ave

Property Analysis For: 4823 Summerlane Ave

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

Revenue
Rental Income	16,500	17,045	17,607	18,188	18,788	19,408	20,049	20,710	21,394	22,100	22,829	23,582	24,361	25,164	25,995

Expenses (Recurring)
Mortgage Payment	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659	9,659
Estimated Annual Property Taxes	1,593	1,641	1,690	1,741	1,793	1,847	1,902	1,959	2,018	2,079	2,141	2,205	2,271	2,339	2,410
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)	11,924	11,992	12,062	12,134	12,209	12,285	12,364	12,445	12,528	12,615	12,703	12,795	12,889	12,985	13,085
Annual Cash Flows	4,576	5,052	5,545	6,054	6,580	7,123	7,685	8,265	8,865	9,485	10,126	10,788	11,472	12,179	12,910

Expenses (Periodic)
Vacancy Costs	132	682	704	728	752	776	802	828	856	884	913	943	974	1,007	1,040
Maintenance & Repairs	0	1,278	1,321	1,364	1,409	1,456	1,504	1,553	1,605	1,657	1,712	1,769	1,827	1,887	1,950
Tenant Placement Credit	-688	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	688	200	200	758	200	200	200	863	200	200	200	983	200	200	200
Total Expenses (Periodic)	132	2,160	2,225	2,849	2,361	2,432	2,506	3,245	2,660	2,741	2,825	3,695	3,001	3,094	3,189

Total Return On Investment
Acquisition Down Payment	-42,450	0	0	0	0	0	0	0	0	0	0	0	0	0	42,450
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	4,444	2,892	3,320	3,204	4,219	4,691	5,179	5,021	6,205	6,744	7,300	7,093	8,471	9,085	9,720
Tax Savings	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	-18,153
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	34,946
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	222,975
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-39,277
Total Capital In/Out	-42,561	4,837	5,265	5,149	6,164	6,636	7,124	6,966	8,150	8,689	9,245	9,038	10,415	11,030	252,660
Total Return On Investment (IRR)	21.88%

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.