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	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362	10,362
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)	12,215	12,270	12,327	12,386	12,447	12,510	12,574	12,640	12,709	12,779	12,852	12,926	13,003	13,083	13,164
Annual Cash Flows	5,185	5,704	6,240	6,794	7,366	7,957	8,568	9,199	9,852	10,526	11,222	11,942	12,686	13,454	14,248

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	5,046	3,437	3,905	3,789	4,887	5,404	5,937	5,778	7,057	7,646	8,254	8,046	9,532	10,203	10,896
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	36,505
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	-44,344	5,497	5,964	5,848	6,947	7,463	7,996	7,837	9,117	9,705	10,313	10,106	11,591	12,262	267,645
Total Return On Investment (IRR)	22.70%

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.