Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,300 | 15,805 | 16,326 | 16,865 | 17,422 | 17,997 | 18,591 | 19,204 | 19,838 | 20,492 | 21,169 | 21,867 | 22,589 | 23,334 | 24,104 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | 8,866 | |
Estimated Annual Property Taxes | 784 | 808 | 832 | 857 | 882 | 909 | 936 | 964 | 993 | 1,023 | 1,054 | 1,085 | 1,118 | 1,151 | 1,186 | |
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) | 10,322 | 10,365 | 10,410 | 10,457 | 10,504 | 10,553 | 10,604 | 10,656 | 10,710 | 10,765 | 10,822 | 10,881 | 10,941 | 11,004 | 11,068 | |
Annual Cash Flows | 4,978 | 5,440 | 5,916 | 6,409 | 6,917 | 7,443 | 7,987 | 8,548 | 9,128 | 9,727 | 10,346 | 10,986 | 11,647 | 12,331 | 13,036 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 122 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | 933 | 964 | |
Maintenance & Repairs | 0 | 1,185 | 1,224 | 1,265 | 1,307 | 1,350 | 1,394 | 1,440 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | 1,750 | 1,808 | |
Tenant Placement Credit | -638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 638 | 200 | 200 | 703 | 200 | 200 | 200 | 800 | 200 | 200 | 200 | 911 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 122 | 2,018 | 2,078 | 2,642 | 2,204 | 2,270 | 2,338 | 3,009 | 2,481 | 2,557 | 2,634 | 3,426 | 2,798 | 2,883 | 2,972 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -41,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,075 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,856 | 3,422 | 3,839 | 3,766 | 4,714 | 5,174 | 5,649 | 5,539 | 6,647 | 7,171 | 7,712 | 7,560 | 8,850 | 9,447 | 10,064 | |
Tax Savings | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | 1,882 | -17,565 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,675 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 215,752 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38,005 | |
Total Capital In/Out | -40,837 | 5,304 | 5,721 | 5,648 | 6,596 | 7,056 | 7,531 | 7,421 | 8,528 | 9,053 | 9,594 | 9,442 | 10,732 | 11,329 | 246,996 | |
Total Return On Investment (IRR) | 23.01% |