Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 22,200 | 22,933 | 23,689 | 24,471 | 25,279 | 26,113 | 26,975 | 27,865 | 28,784 | 29,734 | 30,715 | 31,729 | 32,776 | 33,858 | 34,975 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | 13,072 | |
Estimated Annual Property Taxes | 1,562 | 1,609 | 1,657 | 1,707 | 1,758 | 1,811 | 1,865 | 1,921 | 1,979 | 2,038 | 2,099 | 2,162 | 2,227 | 2,294 | 2,363 | |
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) | 15,306 | 15,373 | 15,442 | 15,514 | 15,587 | 15,662 | 15,740 | 15,820 | 15,902 | 15,987 | 16,075 | 16,165 | 16,258 | 16,353 | 16,452 | |
Annual Cash Flows | 6,894 | 7,559 | 8,247 | 8,958 | 9,692 | 10,451 | 11,235 | 12,045 | 12,882 | 13,747 | 14,641 | 15,564 | 16,518 | 17,505 | 18,523 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 178 | 917 | 948 | 979 | 1,011 | 1,045 | 1,079 | 1,115 | 1,151 | 1,189 | 1,229 | 1,269 | 1,311 | 1,354 | 1,399 | |
Maintenance & Repairs | 0 | 1,720 | 1,777 | 1,835 | 1,896 | 1,958 | 2,023 | 2,090 | 2,159 | 2,230 | 2,304 | 2,380 | 2,458 | 2,539 | 2,623 | |
Tenant Placement Credit | -925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 925 | 200 | 200 | 1,020 | 200 | 200 | 200 | 1,161 | 200 | 200 | 200 | 1,322 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 178 | 2,837 | 2,924 | 3,834 | 3,107 | 3,203 | 3,302 | 4,365 | 3,510 | 3,619 | 3,732 | 4,971 | 3,969 | 4,094 | 4,222 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -57,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 6,716 | 4,722 | 5,323 | 5,124 | 6,585 | 7,248 | 7,933 | 7,679 | 9,372 | 10,127 | 10,908 | 10,593 | 12,549 | 13,411 | 14,301 | |
Tax Savings | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | 2,632 | -24,568 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,294 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 301,764 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -53,156 | |
Total Capital In/Out | -54,602 | 7,354 | 7,955 | 7,756 | 9,217 | 9,880 | 10,565 | 10,312 | 12,004 | 12,760 | 13,541 | 13,226 | 15,181 | 16,043 | 343,086 | |
Total Return On Investment (IRR) | 23.64% |