Property Analysis | 5654-5656 Myers Rd

Property Analysis For: 5654-5656 Myers Rd

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

Revenue
Rental Income	22,200	22,933	23,689	24,471	25,279	26,113	26,975	27,865	28,784	29,734	30,715	31,729	32,776	33,858	34,975

Expenses (Recurring)
Mortgage Payment	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588	12,588
Estimated Annual Property Taxes	1,252	1,290	1,328	1,368	1,409	1,451	1,495	1,540	1,586	1,634	1,683	1,733	1,785	1,839	1,894
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)	14,512	14,570	14,630	14,691	14,754	14,819	14,886	14,955	15,026	15,099	15,174	15,252	15,332	15,414	15,499
Annual Cash Flows	7,688	8,362	9,060	9,780	10,525	11,294	12,089	12,910	13,759	14,635	15,541	16,477	17,444	18,444	19,476

Expenses (Periodic)
Vacancy Costs	178	917	948	979	1,011	1,045	1,079	1,115	1,151	1,189	1,229	1,269	1,311	1,354	1,399
Maintenance & Repairs	0	1,720	1,777	1,835	1,896	1,958	2,023	2,090	2,159	2,230	2,304	2,380	2,458	2,539	2,623
Tenant Placement Credit	-925	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	925	200	200	1,020	200	200	200	1,161	200	200	200	1,322	200	200	200
Total Expenses (Periodic)	178	2,837	2,924	3,834	3,107	3,203	3,302	4,365	3,510	3,619	3,732	4,971	3,969	4,094	4,222

Total Return On Investment
Acquisition Down Payment	-56,050	0	0	0	0	0	0	0	0	0	0	0	0	0	56,050
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	7,510	5,525	6,135	5,946	7,418	8,091	8,787	8,545	10,248	11,016	11,809	11,506	13,475	14,350	15,254
Tax Savings	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	2,568	-23,969
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	46,769
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	294,410
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-51,861
Total Capital In/Out	-52,472	8,093	8,704	8,515	9,986	10,659	11,355	11,113	12,816	13,584	14,377	14,075	16,043	16,918	336,653
Total Return On Investment (IRR)	25.10%

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.