Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,100 | 11,466 | 11,845 | 12,236 | 12,639 | 13,056 | 13,487 | 13,932 | 14,392 | 14,867 | 15,358 | 15,865 | 16,388 | 16,929 | 17,487 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | |
Estimated Annual Property Taxes | 407 | 419 | 432 | 445 | 458 | 472 | 486 | 501 | 516 | 531 | 547 | 563 | 580 | 598 | 616 | |
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) | 7,655 | 7,687 | 7,721 | 7,755 | 7,790 | 7,827 | 7,864 | 7,903 | 7,943 | 7,984 | 8,026 | 8,070 | 8,114 | 8,161 | 8,208 | |
Annual Cash Flows | 3,445 | 3,779 | 4,124 | 4,480 | 4,849 | 5,230 | 5,623 | 6,029 | 6,449 | 6,883 | 7,332 | 7,795 | 8,274 | 8,768 | 9,279 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 89 | 459 | 474 | 489 | 506 | 522 | 539 | 557 | 576 | 595 | 614 | 635 | 656 | 677 | 699 | |
Maintenance & Repairs | 0 | 860 | 888 | 918 | 948 | 979 | 1,012 | 1,045 | 1,079 | 1,115 | 1,152 | 1,190 | 1,229 | 1,270 | 1,312 | |
Tenant Placement Credit | -463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 463 | 200 | 200 | 510 | 200 | 200 | 200 | 581 | 200 | 200 | 200 | 661 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 89 | 1,519 | 1,562 | 1,917 | 1,654 | 1,701 | 1,751 | 2,183 | 1,855 | 1,910 | 1,966 | 2,485 | 2,085 | 2,147 | 2,211 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -28,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,900 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,356 | 2,260 | 2,562 | 2,564 | 3,195 | 3,528 | 3,872 | 3,847 | 4,594 | 4,973 | 5,365 | 5,309 | 6,189 | 6,621 | 7,068 | |
Tax Savings | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | -12,359 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,791 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151,801 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,740 | |
Total Capital In/Out | -30,720 | 3,584 | 3,886 | 3,888 | 4,519 | 4,852 | 5,196 | 5,171 | 5,918 | 6,298 | 6,690 | 6,634 | 7,513 | 7,946 | 172,462 | |
Total Return On Investment (IRR) | 21.76% |