Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | |
Estimated Annual Property Taxes | 838 | 863 | 889 | 916 | 943 | 971 | 1,001 | 1,031 | 1,062 | 1,093 | 1,126 | 1,160 | 1,195 | 1,231 | 1,268 | |
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) | 8,988 | 9,033 | 9,080 | 9,128 | 9,177 | 9,228 | 9,281 | 9,335 | 9,391 | 9,448 | 9,507 | 9,568 | 9,631 | 9,695 | 9,762 | |
Annual Cash Flows | 3,312 | 3,673 | 4,046 | 4,431 | 4,829 | 5,240 | 5,665 | 6,104 | 6,558 | 7,026 | 7,511 | 8,012 | 8,529 | 9,064 | 9,616 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,025 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,214 | 2,012 | 2,336 | 2,306 | 3,018 | 3,376 | 3,746 | 3,685 | 4,524 | 4,932 | 5,354 | 5,258 | 6,241 | 6,707 | 7,188 | |
Tax Savings | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | -13,695 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,656 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,216 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,632 | |
Total Capital In/Out | -33,844 | 3,479 | 3,803 | 3,774 | 4,485 | 4,843 | 5,213 | 5,152 | 5,991 | 6,399 | 6,821 | 6,725 | 7,708 | 8,174 | 189,758 | |
Total Return On Investment (IRR) | 20.84% |