Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,140 | 13,574 | 14,022 | 14,484 | 14,962 | 15,456 | 15,966 | 16,493 | 17,037 | 17,599 | 18,180 | 18,780 | 19,400 | 20,040 | 20,701 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | 7,503 | |
Estimated Annual Property Taxes | 546 | 562 | 579 | 597 | 615 | 633 | 652 | 672 | 692 | 712 | 734 | 756 | 778 | 802 | 826 | |
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) | 8,721 | 8,758 | 8,795 | 8,834 | 8,874 | 8,915 | 8,958 | 9,001 | 9,046 | 9,092 | 9,140 | 9,189 | 9,240 | 9,292 | 9,346 | |
Annual Cash Flows | 4,419 | 4,816 | 5,226 | 5,650 | 6,088 | 6,541 | 7,008 | 7,492 | 7,991 | 8,507 | 9,040 | 9,591 | 10,160 | 10,748 | 11,356 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 105 | 543 | 561 | 579 | 598 | 618 | 639 | 660 | 681 | 704 | 727 | 751 | 776 | 802 | 828 | |
Maintenance & Repairs | 0 | 1,018 | 1,052 | 1,086 | 1,122 | 1,159 | 1,197 | 1,237 | 1,278 | 1,320 | 1,364 | 1,409 | 1,455 | 1,503 | 1,553 | |
Tenant Placement Credit | -548 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 548 | 200 | 200 | 604 | 200 | 200 | 200 | 687 | 200 | 200 | 200 | 783 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 105 | 1,761 | 1,812 | 2,269 | 1,921 | 1,977 | 2,036 | 2,584 | 2,159 | 2,224 | 2,291 | 2,942 | 2,431 | 2,505 | 2,581 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,314 | 3,055 | 3,414 | 3,381 | 4,167 | 4,563 | 4,972 | 4,908 | 5,832 | 6,283 | 6,749 | 6,649 | 7,729 | 8,244 | 8,775 | |
Tax Savings | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | 1,511 | -14,101 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,146 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 173,206 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,511 | |
Total Capital In/Out | -33,651 | 4,566 | 4,924 | 4,892 | 5,678 | 6,074 | 6,483 | 6,419 | 7,343 | 7,794 | 8,260 | 8,159 | 9,240 | 9,754 | 197,490 | |
Total Return On Investment (IRR) | 23.33% |