Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,200 | 10,537 | 10,884 | 11,243 | 11,615 | 11,998 | 12,394 | 12,803 | 13,225 | 13,662 | 14,112 | 14,578 | 15,059 | 15,556 | 16,070 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | 5,515 | |
Estimated Annual Property Taxes | 318 | 328 | 337 | 347 | 358 | 369 | 380 | 391 | 403 | 415 | 427 | 440 | 453 | 467 | 481 | |
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) | 6,505 | 6,534 | 6,565 | 6,596 | 6,629 | 6,662 | 6,697 | 6,732 | 6,769 | 6,806 | 6,845 | 6,885 | 6,926 | 6,969 | 7,012 | |
Annual Cash Flows | 3,695 | 4,002 | 4,319 | 4,647 | 4,986 | 5,335 | 5,697 | 6,070 | 6,456 | 6,855 | 7,267 | 7,693 | 8,133 | 8,588 | 9,057 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 82 | 421 | 435 | 450 | 465 | 480 | 496 | 512 | 529 | 546 | 564 | 583 | 602 | 622 | 643 | |
Maintenance & Repairs | 0 | 790 | 816 | 843 | 871 | 900 | 930 | 960 | 992 | 1,025 | 1,058 | 1,093 | 1,129 | 1,167 | 1,205 | |
Tenant Placement Credit | -425 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 425 | 200 | 200 | 468 | 200 | 200 | 200 | 533 | 200 | 200 | 200 | 607 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 82 | 1,412 | 1,452 | 1,761 | 1,536 | 1,580 | 1,625 | 2,006 | 1,721 | 1,771 | 1,823 | 2,284 | 1,932 | 1,989 | 2,048 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -25,550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,550 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,614 | 2,591 | 2,868 | 2,886 | 3,450 | 3,756 | 4,072 | 4,065 | 4,736 | 5,084 | 5,444 | 5,409 | 6,201 | 6,599 | 7,009 | |
Tax Savings | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | -10,926 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,191 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134,205 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,640 | |
Total Capital In/Out | -27,266 | 3,761 | 4,038 | 4,056 | 4,621 | 4,926 | 5,242 | 5,235 | 5,906 | 6,255 | 6,615 | 6,580 | 7,372 | 7,769 | 154,389 | |
Total Return On Investment (IRR) | 23.22% |