Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,620 | 10,970 | 11,332 | 11,706 | 12,093 | 12,492 | 12,904 | 13,330 | 13,770 | 14,224 | 14,694 | 15,178 | 15,679 | 16,197 | 16,731 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | 6,292 | |
Estimated Annual Property Taxes | 304 | 313 | 323 | 332 | 342 | 352 | 363 | 374 | 385 | 397 | 409 | 421 | 433 | 446 | 460 | |
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) | 7,268 | 7,297 | 7,327 | 7,358 | 7,390 | 7,423 | 7,457 | 7,492 | 7,528 | 7,565 | 7,603 | 7,643 | 7,683 | 7,725 | 7,768 | |
Annual Cash Flows | 3,352 | 3,674 | 4,005 | 4,348 | 4,703 | 5,069 | 5,447 | 5,838 | 6,242 | 6,659 | 7,090 | 7,536 | 7,996 | 8,472 | 8,963 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 85 | 439 | 453 | 468 | 484 | 500 | 516 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | |
Maintenance & Repairs | 0 | 823 | 850 | 878 | 907 | 937 | 968 | 1,000 | 1,033 | 1,067 | 1,102 | 1,138 | 1,176 | 1,215 | 1,255 | |
Tenant Placement Credit | -443 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 443 | 200 | 200 | 488 | 200 | 200 | 200 | 555 | 200 | 200 | 200 | 632 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 85 | 1,462 | 1,503 | 1,834 | 1,591 | 1,637 | 1,684 | 2,088 | 1,784 | 1,836 | 1,890 | 2,378 | 2,003 | 2,063 | 2,124 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,650 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,267 | 2,212 | 2,502 | 2,514 | 3,112 | 3,432 | 3,763 | 3,750 | 4,458 | 4,823 | 5,201 | 5,158 | 5,993 | 6,409 | 6,839 | |
Tax Savings | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | -11,824 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,762 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 145,235 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,584 | |
Total Capital In/Out | -29,616 | 3,479 | 3,769 | 3,781 | 4,379 | 4,699 | 5,030 | 5,016 | 5,725 | 6,090 | 6,467 | 6,425 | 7,260 | 7,676 | 165,079 | |
Total Return On Investment (IRR) | 21.77% |