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 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | 9,346 | |
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) | 10,802 | 10,846 | 10,891 | 10,937 | 10,985 | 11,034 | 11,085 | 11,137 | 11,191 | 11,246 | 11,303 | 11,362 | 11,422 | 11,485 | 11,549 | |
Annual Cash Flows | 4,498 | 4,959 | 5,435 | 5,928 | 6,437 | 6,962 | 7,506 | 8,067 | 8,647 | 9,246 | 9,866 | 10,505 | 11,167 | 11,850 | 12,556 | |
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 | 4,375 | 2,941 | 3,358 | 3,286 | 4,233 | 4,693 | 5,168 | 5,058 | 6,166 | 6,690 | 7,231 | 7,080 | 8,369 | 8,966 | 9,584 | |
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 | 33,814 | |
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 | -41,318 | 4,823 | 5,240 | 5,168 | 6,115 | 6,575 | 7,050 | 6,940 | 8,048 | 8,572 | 9,113 | 8,962 | 10,251 | 10,848 | 244,654 | |
Total Return On Investment (IRR) | 22.07% |