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	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754	12,754
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)	14,678	14,736	14,795	14,856	14,919	14,984	15,051	15,120	15,191	15,264	15,340	15,417	15,497	15,579	15,664
Annual Cash Flows	7,522	8,197	8,894	9,615	10,359	11,129	11,923	12,745	13,593	14,470	15,376	16,312	17,279	18,278	19,311

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	7,345	5,360	5,970	5,781	7,252	7,926	8,621	8,379	10,083	10,850	11,644	11,341	13,310	14,185	15,089
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	46,142
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	-52,637	7,928	8,538	8,349	9,820	10,494	11,189	10,947	12,651	13,419	14,212	13,909	15,878	16,753	335,861
Total Return On Investment (IRR)	24.84%

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.