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 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | |
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) | 9,882 | 9,924 | 9,966 | 10,010 | 10,056 | 10,103 | 10,151 | 10,200 | 10,251 | 10,304 | 10,358 | 10,414 | 10,471 | 10,530 | 10,591 | |
Annual Cash Flows | 3,618 | 4,022 | 4,439 | 4,871 | 5,316 | 5,777 | 6,253 | 6,745 | 7,253 | 7,778 | 8,320 | 8,881 | 9,460 | 10,059 | 10,677 | |
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 | 3,510 | 2,218 | 2,583 | 2,539 | 3,349 | 3,751 | 4,166 | 4,090 | 5,040 | 5,498 | 5,972 | 5,858 | 6,968 | 7,491 | 8,032 | |
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 | 29,161 | |
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 | -37,722 | 3,886 | 4,250 | 4,207 | 5,016 | 5,419 | 5,834 | 5,758 | 6,708 | 7,166 | 7,640 | 7,526 | 8,636 | 9,159 | 215,543 | |
Total Return On Investment (IRR) | 20.97% |