Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,080 | 19,710 | 20,360 | 21,032 | 21,726 | 22,443 | 23,184 | 23,949 | 24,739 | 25,555 | 26,399 | 27,270 | 28,170 | 29,099 | 30,060 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | 11,320 | |
Estimated Annual Property Taxes | 1,113 | 1,146 | 1,181 | 1,216 | 1,253 | 1,290 | 1,329 | 1,369 | 1,410 | 1,452 | 1,496 | 1,541 | 1,587 | 1,634 | 1,684 | |
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) | 13,105 | 13,159 | 13,214 | 13,271 | 13,329 | 13,390 | 13,452 | 13,516 | 13,582 | 13,649 | 13,719 | 13,791 | 13,865 | 13,942 | 14,020 | |
Annual Cash Flows | 5,975 | 6,551 | 7,146 | 7,761 | 8,397 | 9,053 | 9,732 | 10,433 | 11,157 | 11,906 | 12,679 | 13,479 | 14,304 | 15,158 | 16,039 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 788 | 814 | 841 | 869 | 898 | 927 | 958 | 990 | 1,022 | 1,056 | 1,091 | 1,127 | 1,164 | 1,202 | |
Maintenance & Repairs | 0 | 1,478 | 1,527 | 1,577 | 1,629 | 1,683 | 1,739 | 1,796 | 1,855 | 1,917 | 1,980 | 2,045 | 2,113 | 2,182 | 2,254 | |
Tenant Placement Credit | -795 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 795 | 200 | 200 | 876 | 200 | 200 | 200 | 998 | 200 | 200 | 200 | 1,136 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,467 | 2,541 | 3,295 | 2,698 | 2,781 | 2,866 | 3,752 | 3,045 | 3,139 | 3,236 | 4,272 | 3,440 | 3,546 | 3,657 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -49,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,750 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,822 | 4,084 | 4,605 | 4,466 | 5,698 | 6,272 | 6,866 | 6,681 | 8,112 | 8,767 | 9,444 | 9,206 | 10,865 | 11,611 | 12,382 | |
Tax Savings | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | 2,279 | -21,275 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,955 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 302,090 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -46,032 | |
Total Capital In/Out | -48,149 | 6,364 | 6,884 | 6,746 | 7,978 | 8,552 | 9,145 | 8,960 | 10,392 | 11,047 | 11,723 | 11,486 | 13,144 | 13,891 | 337,871 | |
Total Return On Investment (IRR) | 24.03% |