Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | 8,698 | |
Estimated Annual Property Taxes | 621 | 640 | 659 | 679 | 699 | 720 | 742 | 764 | 787 | 810 | 835 | 860 | 885 | 912 | 939 | |
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) | 9,991 | 10,030 | 10,070 | 10,111 | 10,154 | 10,197 | 10,242 | 10,289 | 10,336 | 10,385 | 10,436 | 10,488 | 10,542 | 10,597 | 10,654 | |
Annual Cash Flows | 5,009 | 5,465 | 5,936 | 6,423 | 6,927 | 7,447 | 7,984 | 8,539 | 9,113 | 9,705 | 10,318 | 10,950 | 11,604 | 12,280 | 12,978 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -40,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,300 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,889 | 3,483 | 3,896 | 3,833 | 4,762 | 5,218 | 5,688 | 5,589 | 6,676 | 7,195 | 7,731 | 7,592 | 8,857 | 9,449 | 10,060 | |
Tax Savings | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | 1,846 | -17,234 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,002 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 211,681 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,288 | |
Total Capital In/Out | -40,065 | 5,329 | 5,742 | 5,679 | 6,609 | 7,064 | 7,534 | 7,436 | 8,522 | 9,041 | 9,577 | 9,438 | 10,704 | 11,295 | 242,521 | |
Total Return On Investment (IRR) | 23.23% |