Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | 8,727 | |
Estimated Annual Property Taxes | 1,033 | 1,064 | 1,096 | 1,129 | 1,163 | 1,198 | 1,233 | 1,270 | 1,309 | 1,348 | 1,388 | 1,430 | 1,473 | 1,517 | 1,563 | |
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) | 10,432 | 10,483 | 10,536 | 10,590 | 10,646 | 10,703 | 10,763 | 10,824 | 10,887 | 10,952 | 11,018 | 11,087 | 11,158 | 11,231 | 11,306 | |
Annual Cash Flows | 4,568 | 5,012 | 5,471 | 5,945 | 6,434 | 6,940 | 7,463 | 8,004 | 8,562 | 9,139 | 9,735 | 10,352 | 10,988 | 11,646 | 12,326 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,448 | 3,030 | 3,430 | 3,354 | 4,270 | 4,711 | 5,167 | 5,054 | 6,125 | 6,629 | 7,149 | 6,993 | 8,241 | 8,815 | 9,408 | |
Tax Savings | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | 1,712 | -15,983 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,943 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,317 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,582 | |
Total Capital In/Out | -37,714 | 4,742 | 5,142 | 5,067 | 5,983 | 6,424 | 6,880 | 6,767 | 7,838 | 8,341 | 8,861 | 8,705 | 9,954 | 10,528 | 222,478 | |
Total Return On Investment (IRR) | 22.71% |