Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,900 | 13,326 | 13,765 | 14,220 | 14,689 | 15,174 | 15,674 | 16,192 | 16,726 | 17,278 | 17,848 | 18,437 | 19,046 | 19,674 | 20,323 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | 7,840 | |
Estimated Annual Property Taxes | 371 | 382 | 394 | 405 | 418 | 430 | 443 | 456 | 470 | 484 | 499 | 514 | 529 | 545 | 561 | |
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) | 8,883 | 8,914 | 8,946 | 8,979 | 9,014 | 9,049 | 9,085 | 9,122 | 9,161 | 9,200 | 9,241 | 9,283 | 9,327 | 9,371 | 9,417 | |
Annual Cash Flows | 4,017 | 4,412 | 4,819 | 5,240 | 5,675 | 6,125 | 6,589 | 7,069 | 7,565 | 8,077 | 8,607 | 9,154 | 9,719 | 10,303 | 10,906 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 103 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | 762 | 787 | 813 | |
Maintenance & Repairs | 0 | 999 | 1,032 | 1,066 | 1,102 | 1,138 | 1,176 | 1,214 | 1,254 | 1,296 | 1,339 | 1,383 | 1,428 | 1,476 | 1,524 | |
Tenant Placement Credit | -538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 538 | 200 | 200 | 592 | 200 | 200 | 200 | 675 | 200 | 200 | 200 | 768 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 103 | 1,732 | 1,783 | 2,228 | 1,889 | 1,945 | 2,003 | 2,537 | 2,123 | 2,187 | 2,253 | 2,888 | 2,390 | 2,463 | 2,537 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,914 | 2,679 | 3,036 | 3,013 | 3,786 | 4,180 | 4,587 | 4,533 | 5,442 | 5,891 | 6,354 | 6,265 | 7,329 | 7,840 | 8,369 | |
Tax Savings | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | -14,358 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,898 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 176,357 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,066 | |
Total Capital In/Out | -34,622 | 4,218 | 4,575 | 4,551 | 5,325 | 5,718 | 6,125 | 6,071 | 6,980 | 7,429 | 7,893 | 7,804 | 8,867 | 9,379 | 199,776 | |
Total Return On Investment (IRR) | 22.31% |