Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,740 | 11,094 | 11,461 | 11,839 | 12,229 | 12,633 | 13,050 | 13,481 | 13,925 | 14,385 | 14,860 | 15,350 | 15,857 | 16,380 | 16,920 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | 5,817 | |
Estimated Annual Property Taxes | 512 | 527 | 543 | 559 | 576 | 594 | 611 | 630 | 649 | 668 | 688 | 709 | 730 | 752 | 774 | |
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) | 7,001 | 7,036 | 7,073 | 7,111 | 7,149 | 7,189 | 7,231 | 7,273 | 7,317 | 7,362 | 7,408 | 7,456 | 7,505 | 7,556 | 7,608 | |
Annual Cash Flows | 3,739 | 4,058 | 4,388 | 4,728 | 5,080 | 5,444 | 5,819 | 6,208 | 6,609 | 7,023 | 7,452 | 7,894 | 8,352 | 8,824 | 9,313 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 86 | 444 | 458 | 474 | 489 | 505 | 522 | 539 | 557 | 575 | 594 | 614 | 634 | 655 | 677 | |
Maintenance & Repairs | 0 | 832 | 860 | 888 | 917 | 947 | 979 | 1,011 | 1,044 | 1,079 | 1,114 | 1,151 | 1,189 | 1,228 | 1,269 | |
Tenant Placement Credit | -448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 448 | 200 | 200 | 493 | 200 | 200 | 200 | 562 | 200 | 200 | 200 | 640 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 86 | 1,476 | 1,518 | 1,855 | 1,606 | 1,653 | 1,701 | 2,112 | 1,801 | 1,854 | 1,909 | 2,405 | 2,024 | 2,084 | 2,146 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -26,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,653 | 2,582 | 2,870 | 2,873 | 3,474 | 3,791 | 4,119 | 4,096 | 4,807 | 5,169 | 5,543 | 5,489 | 6,328 | 6,741 | 7,167 | |
Tax Savings | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | -11,525 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,407 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 141,559 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,936 | |
Total Capital In/Out | -28,562 | 3,817 | 4,104 | 4,108 | 4,708 | 5,026 | 5,353 | 5,330 | 6,042 | 6,404 | 6,778 | 6,724 | 7,563 | 7,975 | 162,622 | |
Total Return On Investment (IRR) | 22.94% |