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 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | |
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) | 10,303 | 10,345 | 10,389 | 10,434 | 10,480 | 10,528 | 10,578 | 10,628 | 10,681 | 10,734 | 10,790 | 10,847 | 10,906 | 10,967 | 11,029 | |
Annual Cash Flows | 4,697 | 5,150 | 5,617 | 6,101 | 6,600 | 7,116 | 7,648 | 8,199 | 8,768 | 9,356 | 9,964 | 10,591 | 11,240 | 11,910 | 12,603 | |
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 | 4,577 | 3,168 | 3,577 | 3,510 | 4,436 | 4,886 | 5,352 | 5,250 | 6,332 | 6,846 | 7,377 | 7,233 | 8,493 | 9,079 | 9,685 | |
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 | 32,147 | |
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 | -39,183 | 4,957 | 5,366 | 5,299 | 6,225 | 6,676 | 7,142 | 7,039 | 8,121 | 8,635 | 9,166 | 9,022 | 10,282 | 10,869 | 233,167 | |
Total Return On Investment (IRR) | 22.77% |