Property Analysis | 520 Gardenia Ave

Property Analysis For: 520 Gardenia Ave

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

Revenue
Rental Income	11,100	11,466	11,845	12,236	12,639	13,056	13,487	13,932	14,392	14,867	15,358	15,865	16,388	16,929	17,487

Expenses (Recurring)
Mortgage Payment	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910	6,910
Estimated Annual Property Taxes	574	591	609	627	646	665	685	706	727	749	771	795	818	843	868
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)	8,156	8,193	8,231	8,271	8,312	8,354	8,397	8,442	8,488	8,535	8,584	8,634	8,686	8,739	8,794
Annual Cash Flows	2,944	3,273	3,613	3,964	4,327	4,702	5,090	5,490	5,904	6,332	6,774	7,230	7,702	8,189	8,693

Expenses (Periodic)
Vacancy Costs	89	459	474	489	506	522	539	557	576	595	614	635	656	677	699
Maintenance & Repairs	0	860	888	918	948	979	1,012	1,045	1,079	1,115	1,152	1,190	1,229	1,270	1,312
Tenant Placement Credit	-463	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	463	200	200	510	200	200	200	581	200	200	200	661	200	200	200
Total Expenses (Periodic)	89	1,519	1,562	1,917	1,654	1,701	1,751	2,183	1,855	1,910	1,966	2,485	2,085	2,147	2,211

Total Return On Investment
Acquisition Down Payment	-29,975	0	0	0	0	0	0	0	0	0	0	0	0	0	29,975
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	2,856	1,755	2,051	2,048	2,674	3,001	3,339	3,308	4,049	4,422	4,807	4,745	5,617	6,043	6,482
Tax Savings	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	1,373	-12,818
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	24,344
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	157,448
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-27,735
Total Capital In/Out	-32,246	3,128	3,424	3,421	4,047	4,374	4,712	4,681	5,422	5,795	6,181	6,118	6,991	7,416	177,696
Total Return On Investment (IRR)	20.32%

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.