Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | 7,951 | |
Estimated Annual Property Taxes | 434 | 447 | 460 | 474 | 488 | 503 | 518 | 534 | 550 | 566 | 583 | 601 | 619 | 637 | 656 | |
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) | 9,057 | 9,090 | 9,124 | 9,159 | 9,195 | 9,233 | 9,271 | 9,311 | 9,352 | 9,394 | 9,437 | 9,481 | 9,527 | 9,575 | 9,623 | |
Annual Cash Flows | 3,543 | 3,926 | 4,321 | 4,730 | 5,152 | 5,588 | 6,039 | 6,504 | 6,985 | 7,483 | 7,996 | 8,527 | 9,075 | 9,642 | 10,227 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,050 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,443 | 2,229 | 2,575 | 2,554 | 3,302 | 3,684 | 4,078 | 4,027 | 4,907 | 5,342 | 5,791 | 5,706 | 6,736 | 7,232 | 7,744 | |
Tax Savings | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | -14,561 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,279 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178,852 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,505 | |
Total Capital In/Out | -35,547 | 3,789 | 4,135 | 4,114 | 4,862 | 5,244 | 5,638 | 5,587 | 6,467 | 6,902 | 7,351 | 7,266 | 8,296 | 8,792 | 201,859 | |
Total Return On Investment (IRR) | 21.18% |