Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,600 | 16,115 | 16,647 | 17,196 | 17,763 | 18,350 | 18,955 | 19,581 | 20,227 | 20,894 | 21,584 | 22,296 | 23,032 | 23,792 | 24,577 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | 9,090 | |
Estimated Annual Property Taxes | 961 | 990 | 1,020 | 1,050 | 1,082 | 1,114 | 1,147 | 1,182 | 1,217 | 1,254 | 1,292 | 1,330 | 1,370 | 1,411 | 1,454 | |
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) | 10,723 | 10,772 | 10,823 | 10,875 | 10,928 | 10,983 | 11,040 | 11,099 | 11,159 | 11,221 | 11,285 | 11,351 | 11,419 | 11,489 | 11,560 | |
Annual Cash Flows | 4,877 | 5,342 | 5,824 | 6,321 | 6,835 | 7,366 | 7,915 | 8,482 | 9,068 | 9,673 | 10,299 | 10,945 | 11,613 | 12,303 | 13,017 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 125 | 645 | 666 | 688 | 711 | 734 | 758 | 783 | 809 | 836 | 863 | 892 | 921 | 952 | 983 | |
Maintenance & Repairs | 0 | 1,209 | 1,248 | 1,290 | 1,332 | 1,376 | 1,422 | 1,469 | 1,517 | 1,567 | 1,619 | 1,672 | 1,727 | 1,784 | 1,843 | |
Tenant Placement Credit | -650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 650 | 200 | 200 | 716 | 200 | 200 | 200 | 816 | 200 | 200 | 200 | 929 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 125 | 2,053 | 2,114 | 2,694 | 2,243 | 2,310 | 2,380 | 3,068 | 2,526 | 2,603 | 2,682 | 3,493 | 2,849 | 2,936 | 3,026 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,752 | 3,289 | 3,709 | 3,627 | 4,592 | 5,056 | 5,535 | 5,414 | 6,542 | 7,070 | 7,617 | 7,452 | 8,765 | 9,367 | 9,990 | |
Tax Savings | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | -17,084 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,888 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,843 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,964 | |
Total Capital In/Out | -39,868 | 5,120 | 5,540 | 5,458 | 6,423 | 6,886 | 7,365 | 7,245 | 8,372 | 8,901 | 9,447 | 9,283 | 10,595 | 11,198 | 238,623 | |
Total Return On Investment (IRR) | 22.94% |