Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,540 | 16,053 | 16,583 | 17,130 | 17,695 | 18,279 | 18,882 | 19,505 | 20,149 | 20,814 | 21,501 | 22,210 | 22,943 | 23,700 | 24,482 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | 9,489 | |
Estimated Annual Property Taxes | 922 | 950 | 978 | 1,007 | 1,038 | 1,069 | 1,101 | 1,134 | 1,168 | 1,203 | 1,239 | 1,276 | 1,315 | 1,354 | 1,395 | |
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) | 11,083 | 11,130 | 11,180 | 11,230 | 11,283 | 11,336 | 11,392 | 11,449 | 11,508 | 11,568 | 11,631 | 11,695 | 11,761 | 11,829 | 11,900 | |
Annual Cash Flows | 4,457 | 4,922 | 5,403 | 5,899 | 6,412 | 6,943 | 7,490 | 8,056 | 8,641 | 9,246 | 9,870 | 10,515 | 11,182 | 11,871 | 12,583 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 124 | 642 | 663 | 685 | 708 | 731 | 755 | 780 | 806 | 833 | 860 | 888 | 918 | 948 | 979 | |
Maintenance & Repairs | 0 | 1,204 | 1,244 | 1,285 | 1,327 | 1,371 | 1,416 | 1,463 | 1,511 | 1,561 | 1,613 | 1,666 | 1,721 | 1,778 | 1,836 | |
Tenant Placement Credit | -648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 648 | 200 | 200 | 714 | 200 | 200 | 200 | 813 | 200 | 200 | 200 | 925 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 124 | 2,046 | 2,107 | 2,684 | 2,235 | 2,302 | 2,371 | 3,056 | 2,517 | 2,594 | 2,673 | 3,480 | 2,838 | 2,926 | 3,015 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -41,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,333 | 2,876 | 3,296 | 3,216 | 4,177 | 4,640 | 5,119 | 5,000 | 6,124 | 6,652 | 7,197 | 7,036 | 8,344 | 8,945 | 9,567 | |
Tax Savings | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | 1,911 | -17,832 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,329 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 219,035 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38,584 | |
Total Capital In/Out | -41,956 | 4,787 | 5,207 | 5,126 | 6,088 | 6,551 | 7,029 | 6,911 | 8,035 | 8,563 | 9,108 | 8,946 | 10,254 | 10,856 | 248,215 | |
Total Return On Investment (IRR) | 21.89% |