Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,620 | 14,069 | 14,534 | 15,013 | 15,509 | 16,021 | 16,549 | 17,095 | 17,660 | 18,242 | 18,844 | 19,466 | 20,109 | 20,772 | 21,458 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | 8,569 | |
Estimated Annual Property Taxes | 960 | 989 | 1,018 | 1,049 | 1,080 | 1,113 | 1,146 | 1,181 | 1,216 | 1,253 | 1,290 | 1,329 | 1,369 | 1,410 | 1,452 | |
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) | 10,201 | 10,250 | 10,301 | 10,353 | 10,406 | 10,461 | 10,518 | 10,576 | 10,637 | 10,699 | 10,763 | 10,828 | 10,896 | 10,966 | 11,038 | |
Annual Cash Flows | 3,419 | 3,819 | 4,233 | 4,661 | 5,103 | 5,559 | 6,031 | 6,519 | 7,023 | 7,544 | 8,082 | 8,638 | 9,212 | 9,806 | 10,420 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 109 | 563 | 581 | 601 | 620 | 641 | 662 | 684 | 706 | 730 | 754 | 779 | 804 | 831 | 858 | |
Maintenance & Repairs | 0 | 1,055 | 1,090 | 1,126 | 1,163 | 1,202 | 1,241 | 1,282 | 1,324 | 1,368 | 1,413 | 1,460 | 1,508 | 1,558 | 1,609 | |
Tenant Placement Credit | -568 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 568 | 200 | 200 | 626 | 200 | 200 | 200 | 712 | 200 | 200 | 200 | 811 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 109 | 1,818 | 1,871 | 2,352 | 1,984 | 2,042 | 2,103 | 2,678 | 2,231 | 2,298 | 2,367 | 3,050 | 2,512 | 2,589 | 2,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -36,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,310 | 2,001 | 2,362 | 2,309 | 3,119 | 3,517 | 3,928 | 3,841 | 4,792 | 5,246 | 5,715 | 5,588 | 6,700 | 7,217 | 7,752 | |
Tax Savings | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | 1,682 | -15,694 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,402 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 192,772 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,957 | |
Total Capital In/Out | -38,209 | 3,683 | 4,043 | 3,990 | 4,801 | 5,199 | 5,610 | 5,522 | 6,474 | 6,927 | 7,396 | 7,270 | 8,381 | 8,899 | 216,974 | |
Total Return On Investment (IRR) | 20.49% |