Property Analysis For: 516 Sorrells Dr
Year123456789101112131415
Revenue
Rental Income14,40014,87515,36615,87316,39716,93817,49718,07418,67119,28719,92420,58121,26021,96222,686
Expenses (Recurring)
Mortgage Payment 7,6297,6297,6297,6297,6297,6297,6297,6297,6297,6297,6297,6297,6297,6297,629
Estimated Annual Property Taxes1,0811,1131,1471,1811,2171,2531,2911,3291,3691,4101,4531,4961,5411,5871,635
Estimated Annual Homeowners Insurance6726927137347567798028268518779039309589871,016
Annual Property Mgmt Fee000000000000000
Total Expenses (Recurring)9,3829,4349,4889,5449,6029,6619,7229,7859,8499,9169,98410,05510,12810,20310,280
Annual Cash Flows 5,0185,4415,8786,3296,7957,2777,7758,2908,8229,3719,93910,52611,13211,75912,406
Expenses (Periodic)
Vacancy Costs115595615635656678700723747771797823850878907
Maintenance & Repairs01,1161,1521,1901,2301,2701,3121,3561,4001,4471,4941,5441,5951,6471,701
Tenant Placement Credit-60000000000000000
Tenant Placement/Lease Renewal Fees600200200661200200200753200200200858200200200
Total Expenses (Periodic)1151,9111,9672,4872,0862,1482,2122,8322,3472,4182,4913,2242,6452,7262,809
Total Return On Investment
Acquisition Down Payment-34,875000000000000034,875
Acquisition Closing Costs-6,50000000000000000
Net Rental Income 4,9033,5303,9113,8424,7105,1295,5635,4586,4756,9537,4487,3028,4879,0339,597
Tax Savings1,5981,5981,5981,5981,5981,5981,5981,5981,5981,5981,5981,5981,5981,598-14,914
Principal Paydown0000000000000029,890
Estimated Home Price Appreciation 00000000000000183,186
Total Selling, Holding & Closing Costs00000000000000-32,269
Total Capital In/Out-34,8745,1285,5095,4406,3086,7277,1617,0568,0728,5519,0468,89910,08510,631210,366
Total Return On Investment (IRR)24.22%
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.