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	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920	12,920
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)	14,844	14,902	14,961	15,023	15,086	15,151	15,218	15,286	15,357	15,431	15,506	15,583	15,663	15,746	15,830
Annual Cash Flows	7,356	8,031	8,728	9,449	10,193	10,962	11,757	12,578	13,427	14,304	15,210	16,146	17,113	18,112	19,145

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	7,178	5,193	5,804	5,615	7,086	7,759	8,455	8,213	9,917	10,684	11,477	11,175	13,143	14,018	14,922
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	45,520
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	-52,804	7,762	8,372	8,183	9,654	10,327	11,023	10,781	12,485	13,252	14,045	13,743	15,712	16,586	335,073
Total Return On Investment (IRR)	24.58%

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.