Property Analysis | 4985 Larkwood Dr

Property Analysis For: 4985 Larkwood Dr

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

Revenue
Rental Income	17,400	17,974	18,567	19,180	19,813	20,467	21,142	21,840	22,561	23,305	24,074	24,869	25,689	26,537	27,413

Expenses (Recurring)
Mortgage Payment	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228	10,228
Estimated Annual Property Taxes	1,181	1,216	1,253	1,291	1,329	1,369	1,410	1,452	1,496	1,541	1,587	1,635	1,684	1,734	1,786
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)	12,081	12,137	12,194	12,253	12,314	12,376	12,441	12,507	12,575	12,646	12,718	12,793	12,870	12,949	13,031
Annual Cash Flows	5,319	5,837	6,373	6,927	7,499	8,091	8,702	9,333	9,985	10,659	11,356	12,076	12,819	13,588	14,382

Expenses (Periodic)
Vacancy Costs	139	719	743	767	793	819	846	874	902	932	963	995	1,028	1,061	1,097
Maintenance & Repairs	0	1,348	1,393	1,439	1,486	1,535	1,586	1,638	1,692	1,748	1,806	1,865	1,927	1,990	2,056
Tenant Placement Credit	-725	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	725	200	200	799	200	200	200	910	200	200	200	1,036	200	200	200
Total Expenses (Periodic)	139	2,267	2,335	3,005	2,478	2,554	2,631	3,422	2,794	2,880	2,969	3,896	3,154	3,252	3,352

Total Return On Investment
Acquisition Down Payment	-44,950	0	0	0	0	0	0	0	0	0	0	0	0	0	44,950
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,180	3,570	4,038	3,922	5,021	5,537	6,070	5,911	7,191	7,779	8,387	8,179	9,665	10,336	11,029
Tax Savings	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	2,060	-19,222
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	37,004
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	236,106
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41,591
Total Capital In/Out	-44,211	5,630	6,098	5,982	7,080	7,596	8,130	7,971	9,250	9,839	10,447	10,239	11,725	12,396	268,277
Total Return On Investment (IRR)	22.94%

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.