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 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | 6,246 | |
Estimated Annual Property Taxes | 368 | 379 | 390 | 402 | 414 | 427 | 439 | 453 | 466 | 480 | 495 | 509 | 525 | 540 | 557 | |
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) | 7,286 | 7,317 | 7,349 | 7,383 | 7,417 | 7,452 | 7,488 | 7,525 | 7,564 | 7,603 | 7,644 | 7,686 | 7,729 | 7,773 | 7,819 | |
Annual Cash Flows | 3,334 | 3,653 | 3,983 | 4,324 | 4,676 | 5,040 | 5,416 | 5,805 | 6,206 | 6,621 | 7,050 | 7,493 | 7,950 | 8,423 | 8,912 | |
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 | -27,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,249 | 2,192 | 2,480 | 2,490 | 3,085 | 3,404 | 3,732 | 3,716 | 4,423 | 4,785 | 5,160 | 5,115 | 5,947 | 6,361 | 6,788 | |
Tax Savings | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | -11,739 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,598 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144,185 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,398 | |
Total Capital In/Out | -29,443 | 3,449 | 3,738 | 3,748 | 4,343 | 4,661 | 4,990 | 4,974 | 5,680 | 6,043 | 6,418 | 6,373 | 7,205 | 7,618 | 163,883 | |
Total Return On Investment (IRR) | 21.74% |