Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,400 | 11,776 | 12,165 | 12,566 | 12,981 | 13,409 | 13,852 | 14,309 | 14,781 | 15,269 | 15,773 | 16,293 | 16,831 | 17,386 | 17,960 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | 6,081 | |
Estimated Annual Property Taxes | 594 | 612 | 630 | 649 | 669 | 689 | 709 | 731 | 752 | 775 | 798 | 822 | 847 | 872 | 898 | |
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) | 7,347 | 7,385 | 7,424 | 7,465 | 7,506 | 7,549 | 7,593 | 7,638 | 7,685 | 7,733 | 7,783 | 7,834 | 7,886 | 7,940 | 7,996 | |
Annual Cash Flows | 4,053 | 4,391 | 4,740 | 5,102 | 5,475 | 5,860 | 6,259 | 6,671 | 7,096 | 7,536 | 7,990 | 8,460 | 8,945 | 9,446 | 9,964 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 91 | 471 | 487 | 503 | 519 | 536 | 554 | 572 | 591 | 611 | 631 | 652 | 673 | 695 | 718 | |
Maintenance & Repairs | 0 | 883 | 912 | 942 | 974 | 1,006 | 1,039 | 1,073 | 1,109 | 1,145 | 1,183 | 1,222 | 1,262 | 1,304 | 1,347 | |
Tenant Placement Credit | -475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 475 | 200 | 200 | 524 | 200 | 200 | 200 | 596 | 200 | 200 | 200 | 679 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 91 | 1,554 | 1,599 | 1,969 | 1,693 | 1,742 | 1,793 | 2,242 | 1,900 | 1,956 | 2,014 | 2,553 | 2,136 | 2,199 | 2,265 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -28,175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,175 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,962 | 2,837 | 3,142 | 3,133 | 3,782 | 4,118 | 4,466 | 4,429 | 5,196 | 5,580 | 5,976 | 5,907 | 6,809 | 7,247 | 7,699 | |
Tax Savings | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | 1,291 | -12,049 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,471 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147,993 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,069 | |
Total Capital In/Out | -29,423 | 4,128 | 4,432 | 4,424 | 5,073 | 5,409 | 5,757 | 5,720 | 6,487 | 6,871 | 7,267 | 7,198 | 8,100 | 8,537 | 170,220 | |
Total Return On Investment (IRR) | 23.50% |