Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 20,040 | 20,701 | 21,384 | 22,090 | 22,819 | 23,572 | 24,350 | 25,154 | 25,984 | 26,841 | 27,727 | 28,642 | 29,587 | 30,563 | 31,572 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | 11,878 | |
Estimated Annual Property Taxes | 500 | 515 | 530 | 546 | 563 | 580 | 597 | 615 | 633 | 652 | 672 | 692 | 713 | 734 | 756 | |
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) | 13,050 | 13,085 | 13,121 | 13,158 | 13,197 | 13,236 | 13,277 | 13,319 | 13,362 | 13,407 | 13,453 | 13,500 | 13,549 | 13,599 | 13,651 | |
Annual Cash Flows | 6,990 | 7,616 | 8,263 | 8,932 | 9,622 | 10,336 | 11,073 | 11,834 | 12,621 | 13,434 | 14,274 | 15,142 | 16,038 | 16,964 | 17,921 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 160 | 828 | 855 | 884 | 913 | 943 | 974 | 1,006 | 1,039 | 1,074 | 1,109 | 1,146 | 1,183 | 1,223 | 1,263 | |
Maintenance & Repairs | 0 | 1,553 | 1,604 | 1,657 | 1,711 | 1,768 | 1,826 | 1,887 | 1,949 | 2,013 | 2,080 | 2,148 | 2,219 | 2,292 | 2,368 | |
Tenant Placement Credit | -835 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 835 | 200 | 200 | 920 | 200 | 200 | 200 | 1,048 | 200 | 200 | 200 | 1,193 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 160 | 2,581 | 2,659 | 3,461 | 2,824 | 2,911 | 3,000 | 3,941 | 3,188 | 3,287 | 3,389 | 4,487 | 3,603 | 3,715 | 3,831 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -52,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 6,830 | 5,036 | 5,604 | 5,471 | 6,798 | 7,425 | 8,073 | 7,894 | 9,433 | 10,147 | 10,885 | 10,654 | 12,436 | 13,250 | 14,091 | |
Tax Savings | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | 2,392 | -22,323 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,972 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 316,966 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -48,299 | |
Total Capital In/Out | -49,478 | 7,427 | 7,996 | 7,863 | 9,190 | 9,817 | 10,464 | 10,285 | 11,825 | 12,539 | 13,277 | 13,046 | 14,827 | 15,641 | 355,608 | |
Total Return On Investment (IRR) | 25.37% |