Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,380 | 13,822 | 14,278 | 14,749 | 15,236 | 15,738 | 16,258 | 16,794 | 17,348 | 17,921 | 18,512 | 19,123 | 19,754 | 20,406 | 21,080 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | |
Estimated Annual Property Taxes | 684 | 705 | 726 | 747 | 770 | 793 | 817 | 841 | 866 | 892 | 919 | 947 | 975 | 1,004 | 1,035 | |
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) | 9,779 | 9,820 | 9,862 | 9,905 | 9,950 | 9,995 | 10,042 | 10,091 | 10,141 | 10,193 | 10,246 | 10,300 | 10,357 | 10,415 | 10,474 | |
Annual Cash Flows | 3,601 | 4,002 | 4,416 | 4,844 | 5,286 | 5,743 | 6,215 | 6,703 | 7,207 | 7,728 | 8,267 | 8,823 | 9,398 | 9,991 | 10,605 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 107 | 553 | 571 | 590 | 609 | 630 | 650 | 672 | 694 | 717 | 740 | 765 | 790 | 816 | 843 | |
Maintenance & Repairs | 0 | 1,037 | 1,071 | 1,106 | 1,143 | 1,180 | 1,219 | 1,260 | 1,301 | 1,344 | 1,388 | 1,434 | 1,482 | 1,530 | 1,581 | |
Tenant Placement Credit | -558 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 558 | 200 | 200 | 615 | 200 | 200 | 200 | 700 | 200 | 200 | 200 | 797 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 107 | 1,789 | 1,842 | 2,311 | 1,952 | 2,010 | 2,070 | 2,631 | 2,195 | 2,261 | 2,329 | 2,996 | 2,472 | 2,547 | 2,624 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -36,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,075 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,494 | 2,212 | 2,574 | 2,533 | 3,334 | 3,733 | 4,146 | 4,072 | 5,012 | 5,467 | 5,938 | 5,827 | 6,926 | 7,445 | 7,981 | |
Tax Savings | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | -15,427 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,901 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 189,489 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,379 | |
Total Capital In/Out | -37,428 | 3,865 | 4,227 | 4,186 | 4,987 | 5,386 | 5,798 | 5,725 | 6,665 | 7,120 | 7,591 | 7,480 | 8,579 | 9,098 | 213,640 | |
Total Return On Investment (IRR) | 20.98% |