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 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | 6,456 | |
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) | 7,432 | 7,461 | 7,492 | 7,523 | 7,555 | 7,588 | 7,622 | 7,657 | 7,693 | 7,730 | 7,768 | 7,807 | 7,848 | 7,889 | 7,932 | |
Annual Cash Flows | 3,188 | 3,509 | 3,841 | 4,184 | 4,538 | 4,904 | 5,283 | 5,673 | 6,077 | 6,495 | 6,926 | 7,371 | 7,832 | 8,307 | 8,799 | |
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 | 3,103 | 2,047 | 2,338 | 2,350 | 2,947 | 3,268 | 3,599 | 3,585 | 4,294 | 4,659 | 5,036 | 4,993 | 5,829 | 6,245 | 6,675 | |
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 | 22,151 | |
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 | -29,780 | 3,314 | 3,605 | 3,617 | 4,214 | 4,535 | 4,865 | 4,852 | 5,561 | 5,926 | 6,303 | 6,260 | 7,095 | 7,512 | 164,304 | |
Total Return On Investment (IRR) | 21.32% |