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 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | |
Estimated Annual Property Taxes | 745 | 767 | 790 | 814 | 839 | 864 | 890 | 916 | 944 | 972 | 1,001 | 1,031 | 1,062 | 1,094 | 1,127 | |
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) | 9,845 | 9,888 | 9,932 | 9,977 | 10,023 | 10,071 | 10,120 | 10,171 | 10,223 | 10,277 | 10,333 | 10,390 | 10,449 | 10,509 | 10,572 | |
Annual Cash Flows | 5,155 | 5,607 | 6,075 | 6,558 | 7,057 | 7,573 | 8,106 | 8,656 | 9,225 | 9,813 | 10,421 | 11,049 | 11,697 | 12,367 | 13,060 | |
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 | -39,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,050 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,035 | 3,625 | 4,034 | 3,967 | 4,893 | 5,344 | 5,810 | 5,707 | 6,789 | 7,303 | 7,834 | 7,690 | 8,950 | 9,537 | 10,142 | |
Tax Savings | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | -16,699 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,916 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205,116 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,132 | |
Total Capital In/Out | -38,726 | 5,414 | 5,823 | 5,756 | 6,682 | 7,133 | 7,599 | 7,496 | 8,578 | 9,092 | 9,623 | 9,479 | 10,740 | 11,326 | 235,393 | |
Total Return On Investment (IRR) | 23.73% |