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	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904	10,904
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)	12,904	12,964	13,026	13,090	13,155	13,223	13,292	13,364	13,438	13,514	13,592	13,673	13,756	13,841	13,929
Annual Cash Flows	5,036	5,568	6,118	6,686	7,273	7,879	8,506	9,154	9,823	10,515	11,229	11,968	12,731	13,519	14,334

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	4,892	3,237	3,716	3,587	4,723	5,253	5,799	5,626	6,948	7,551	8,175	7,951	9,485	10,173	10,884
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	37,413
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	-46,168	5,376	5,856	5,727	6,863	7,392	7,939	7,766	9,088	9,691	10,315	10,090	11,625	12,313	277,115
Total Return On Investment (IRR)	22.18%

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.