Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | |
Estimated Annual Property Taxes | 989 | 1,019 | 1,049 | 1,081 | 1,113 | 1,147 | 1,181 | 1,216 | 1,253 | 1,290 | 1,329 | 1,369 | 1,410 | 1,452 | 1,496 | |
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) | 9,717 | 9,767 | 9,818 | 9,871 | 9,926 | 9,982 | 10,039 | 10,099 | 10,160 | 10,223 | 10,288 | 10,355 | 10,424 | 10,495 | 10,569 | |
Annual Cash Flows | 4,623 | 5,046 | 5,484 | 5,936 | 6,403 | 6,886 | 7,385 | 7,900 | 8,433 | 8,983 | 9,552 | 10,140 | 10,747 | 11,375 | 12,023 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,508 | 3,143 | 3,524 | 3,459 | 4,325 | 4,746 | 5,181 | 5,080 | 6,095 | 6,575 | 7,070 | 6,929 | 8,112 | 8,660 | 9,225 | |
Tax Savings | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | -15,962 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,418 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,055 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,535 | |
Total Capital In/Out | -37,607 | 4,853 | 5,234 | 5,170 | 6,035 | 6,456 | 6,891 | 6,790 | 7,805 | 8,285 | 8,781 | 8,639 | 9,823 | 10,370 | 224,526 | |
Total Return On Investment (IRR) | 22.88% |