Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | 5,990 | |
Estimated Annual Property Taxes | 400 | 412 | 424 | 437 | 450 | 464 | 478 | 492 | 507 | 522 | 538 | 554 | 570 | 587 | 605 | |
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) | 7,062 | 7,094 | 7,127 | 7,162 | 7,197 | 7,233 | 7,270 | 7,309 | 7,348 | 7,389 | 7,431 | 7,474 | 7,519 | 7,564 | 7,612 | |
Annual Cash Flows | 3,438 | 3,752 | 4,077 | 4,413 | 4,759 | 5,118 | 5,488 | 5,871 | 6,266 | 6,675 | 7,097 | 7,533 | 7,984 | 8,449 | 8,931 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -26,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,354 | 2,305 | 2,589 | 2,599 | 3,185 | 3,498 | 3,821 | 3,806 | 4,500 | 4,857 | 5,226 | 5,182 | 6,001 | 6,408 | 6,828 | |
Tax Savings | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | -11,258 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,671 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 138,276 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,358 | |
Total Capital In/Out | -28,265 | 3,511 | 3,795 | 3,806 | 4,391 | 4,704 | 5,027 | 5,012 | 5,707 | 6,064 | 6,432 | 6,388 | 7,207 | 7,614 | 157,485 | |
Total Return On Investment (IRR) | 22.24% |