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	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765	10,765
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)	12,765	12,825	12,887	12,950	13,016	13,083	13,153	13,225	13,298	13,374	13,453	13,533	13,616	13,702	13,790
Annual Cash Flows	5,175	5,707	6,257	6,825	7,412	8,019	8,645	9,293	9,962	10,654	11,369	12,107	12,870	13,659	14,473

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	5,032	3,376	3,855	3,727	4,863	5,392	5,939	5,765	7,087	7,691	8,314	8,090	9,624	10,312	11,023
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	37,927
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	-46,029	5,516	5,995	5,867	7,002	7,532	8,078	7,905	9,227	9,830	10,454	10,230	11,764	12,452	277,768
Total Return On Investment (IRR)	22.42%

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.