Property Information

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Lake Front Property

Lakewood Ranch, FL 34202

3 bedrooms 2 bathrooms

3BR, 2BA, Built in 2013

Income	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Gross Rent	$30,000	$30,900	$31,827	$32,782	$33,765	$34,778	$35,822	$36,896	$38,003	$39,143
Vacancy Losses	($2,400)	($2,472)	($2,546)	($2,623)	($2,701)	($2,782)	($2,866)	($2,952)	($3,040)	($3,131)
Operating Income	$27,600	$28,428	$29,281	$30,159	$31,064	$31,996	$32,956	$33,945	$34,963	$36,012

Expenses	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Property Taxes	($6,299)	($6,487)	($6,682)	($6,883)	($7,089)	($7,302)	($7,521)	($7,746)	($7,979)	($8,218)
Insurance	($1,680)	($1,730)	($1,782)	($1,835)	($1,890)	($1,947)	($2,006)	($2,066)	($2,128)	($2,191)
Management Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Leasing/Advertising Fees	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Association Fees	($120)	($124)	($127)	($131)	($135)	($139)	($143)	($148)	($152)	($157)
Maintenance	($1,200)	($1,236)	($1,273)	($1,311)	($1,351)	($1,391)	($1,433)	($1,476)	($1,520)	($1,566)
Other	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Expenses	($9,298)	($9,577)	($9,864)	($10,160)	($10,465)	($10,779)	($11,102)	($11,435)	($11,779)	($12,132)

Income Analysis	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Net Operating Income	$18,302	$18,851	$19,416	$19,999	$20,599	$21,217	$21,853	$22,509	$23,184	$23,880
- Mortgage Payments	($23,886)	($23,886)	($23,886)	($23,886)	($23,886)	($23,886)	($23,886)	($23,886)	($23,886)	($23,886)
= Cash Flow	($5,585)	($5,036)	($4,470)	($3,887)	($3,288)	($2,670)	($2,033)	($1,377)	($702)	($7)
+ Principal Reduction	$3,520	$3,756	$4,007	$4,276	$4,562	$4,868	$5,194	$5,541	$5,912	$6,308
+ Appreciation	$25,194	$26,706	$28,308	$30,006	$31,807	$33,715	$35,738	$37,882	$40,155	$42,565
= Gross Equity Income	$23,129	$25,426	$27,845	$30,395	$33,081	$35,913	$38,899	$42,046	$45,366	$48,866
Capitalization Rate	4.1%	4.0%	3.9%	3.8%	3.7%	3.6%	3.5%	3.4%	3.3%	3.2%
Cash on Cash Return	-5.0%	-4.5%	-4.0%	-3.5%	-2.9%	-2.4%	-1.8%	-1.2%	-0.6%	0.0%
Return on Equity	17.3%	15.5%	14.2%	13.2%	12.4%	11.7%	11.2%	10.8%	10.4%	10.1%

Loan Analysis	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Market Value	$445,094	$471,800	$500,108	$530,114	$561,921	$595,636	$631,374	$669,257	$709,412	$751,977
- Loan Balance	($311,405)	($307,649)	($303,642)	($299,366)	($294,804)	($289,937)	($284,743)	($279,202)	($273,290)	($266,981)
= Equity	$133,689	$164,150	$196,466	$230,748	$267,117	$305,699	$346,631	$390,055	$436,123	$484,996
Loan-to-Value Ratio	70.0%	65.2%	60.7%	56.5%	52.5%	48.7%	45.1%	41.7%	38.5%	35.5%
Potential Cash-Out Refi	$89,180	$116,970	$146,455	$177,736	$210,924	$246,136	$283,494	$323,129	$365,181	$409,798

Sale Analysis	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Equity	$133,689	$164,150	$196,466	$230,748	$267,117	$305,699	$346,631	$390,055	$436,123	$484,996
- Closing Costs	($31,157)	($33,026)	($35,008)	($37,108)	($39,334)	($41,695)	($44,196)	($46,848)	($49,659)	($52,638)
= Proceeds After Sale	$102,532	$131,124	$161,458	$193,640	$227,782	$264,005	$302,435	$343,207	$386,464	$432,357
+ Cumulative Cash Flow	($5,585)	($10,620)	($15,090)	($18,978)	($22,265)	($24,935)	($26,968)	($28,345)	($29,047)	($29,054)
- Initial Cash Invested	($112,323)	($112,323)	($112,323)	($112,323)	($112,323)	($112,323)	($112,323)	($112,323)	($112,323)	($112,323)
= Net Profit	($15,375)	$8,181	$34,045	$62,339	$93,194	$126,747	$163,144	$202,538	$245,093	$290,980
Internal Rate of Return	-13.7%	3.5%	8.9%	11.1%	12.1%	12.5%	12.7%	12.8%	12.7%	12.6%
Return on Investment	-13.7%	7.3%	30.3%	55.5%	83.0%	112.8%	145.2%	180.3%	218.2%	259.1%

*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.

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