Property Analysis | 972 S. Whitehaven Park Cir

Property Analysis For: 972 S. Whitehaven Park Cir

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

Revenue
Rental Income	17,940	18,532	19,144	19,775	20,428	21,102	21,798	22,518	23,261	24,028	24,821	25,640	26,487	27,361	28,264

Expenses (Recurring)
Mortgage Payment	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489	10,489
Estimated Annual Property Taxes	1,328	1,368	1,409	1,451	1,495	1,540	1,586	1,633	1,682	1,733	1,785	1,838	1,893	1,950	2,009
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)	12,489	12,549	12,610	12,674	12,740	12,807	12,877	12,948	13,022	13,098	13,176	13,257	13,340	13,426	13,514
Annual Cash Flows	5,451	5,984	6,533	7,101	7,688	8,295	8,922	9,569	10,239	10,930	11,645	12,384	13,147	13,935	14,750

Expenses (Periodic)
Vacancy Costs	144	741	766	791	817	844	872	901	930	961	993	1,026	1,059	1,094	1,131
Maintenance & Repairs	0	1,390	1,436	1,483	1,532	1,583	1,635	1,689	1,745	1,802	1,862	1,923	1,986	2,052	2,120
Tenant Placement Credit	-748	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tenant Placement/Lease Renewal Fees	748	200	200	824	200	200	200	938	200	200	200	1,068	200	200	200
Total Expenses (Periodic)	144	2,331	2,402	3,098	2,549	2,627	2,707	3,528	2,875	2,963	3,054	4,017	3,246	3,346	3,450

Total Return On Investment
Acquisition Down Payment	-46,700	0	0	0	0	0	0	0	0	0	0	0	0	0	46,700
Acquisition Closing Costs	-6,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Rental Income	5,308	3,652	4,132	4,003	5,139	5,668	6,215	6,042	7,364	7,967	8,591	8,366	9,901	10,589	11,300
Tax Savings	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	2,140	-19,971
Principal Paydown	0	0	0	0	0	0	0	0	0	0	0	0	0	0	38,967
Estimated Home Price Appreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	245,298
Total Selling, Holding & Closing Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-43,210
Total Capital In/Out	-45,752	5,792	6,271	6,143	7,279	7,808	8,355	8,181	9,503	10,107	10,730	10,506	12,040	12,728	279,084
Total Return On Investment (IRR)	22.90%

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.