Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | 6,826 | |
Estimated Annual Property Taxes | 158 | 163 | 168 | 173 | 178 | 183 | 189 | 194 | 200 | 206 | 212 | 219 | 225 | 232 | 239 | |
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) | 7,656 | 7,681 | 7,706 | 7,733 | 7,760 | 7,788 | 7,817 | 7,847 | 7,877 | 7,909 | 7,941 | 7,975 | 8,009 | 8,045 | 8,081 | |
Annual Cash Flows | 4,944 | 5,335 | 5,739 | 6,156 | 6,587 | 7,033 | 7,493 | 7,968 | 8,460 | 8,967 | 9,492 | 10,034 | 10,593 | 11,172 | 11,769 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -31,625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,625 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,843 | 3,638 | 3,993 | 3,980 | 4,737 | 5,128 | 5,532 | 5,491 | 6,381 | 6,827 | 7,287 | 7,212 | 8,254 | 8,762 | 9,287 | |
Tax Savings | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | 1,449 | -13,524 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,467 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166,115 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,261 | |
Total Capital In/Out | -31,833 | 5,087 | 5,442 | 5,429 | 6,186 | 6,577 | 6,981 | 6,940 | 7,830 | 8,276 | 8,736 | 8,661 | 9,703 | 10,211 | 191,708 | |
Total Return On Investment (IRR) | 25.11% |