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 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | |
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) | 7,827 | 7,859 | 7,893 | 7,927 | 7,962 | 7,999 | 8,036 | 8,075 | 8,115 | 8,156 | 8,198 | 8,242 | 8,286 | 8,333 | 8,380 | |
Annual Cash Flows | 3,273 | 3,607 | 3,952 | 4,308 | 4,677 | 5,058 | 5,451 | 5,857 | 6,277 | 6,711 | 7,160 | 7,623 | 8,102 | 8,596 | 9,107 | |
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 | 3,184 | 2,088 | 2,390 | 2,392 | 3,023 | 3,356 | 3,700 | 3,675 | 4,422 | 4,802 | 5,193 | 5,137 | 6,017 | 6,449 | 6,896 | |
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 | 23,153 | |
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 | -30,892 | 3,412 | 3,714 | 3,716 | 4,348 | 4,680 | 5,024 | 4,999 | 5,746 | 6,126 | 6,518 | 6,462 | 7,341 | 7,774 | 171,652 | |
Total Return On Investment (IRR) | 21.31% |