Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | 7,857 | |
Estimated Annual Property Taxes | 711 | 732 | 754 | 777 | 800 | 824 | 849 | 874 | 901 | 928 | 956 | 984 | 1,014 | 1,044 | 1,075 | |
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) | 9,240 | 9,281 | 9,324 | 9,368 | 9,413 | 9,460 | 9,508 | 9,557 | 9,608 | 9,661 | 9,715 | 9,771 | 9,828 | 9,887 | 9,948 | |
Annual Cash Flows | 4,260 | 4,664 | 5,082 | 5,513 | 5,959 | 6,420 | 6,896 | 7,387 | 7,896 | 8,421 | 8,963 | 9,524 | 10,103 | 10,702 | 11,320 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -36,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,400 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,152 | 2,861 | 3,225 | 3,182 | 3,991 | 4,394 | 4,809 | 4,733 | 5,683 | 6,141 | 6,615 | 6,501 | 7,611 | 8,134 | 8,674 | |
Tax Savings | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | -15,566 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,615 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 191,196 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,680 | |
Total Capital In/Out | -37,080 | 4,529 | 4,893 | 4,850 | 5,659 | 6,061 | 6,477 | 6,400 | 7,350 | 7,809 | 8,283 | 8,169 | 9,279 | 9,802 | 218,639 | |
Total Return On Investment (IRR) | 22.33% |