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 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | 7,700 | |
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) | 8,918 | 8,954 | 8,992 | 9,030 | 9,070 | 9,112 | 9,154 | 9,197 | 9,242 | 9,289 | 9,336 | 9,386 | 9,436 | 9,488 | 9,542 | |
Annual Cash Flows | 4,222 | 4,620 | 5,030 | 5,454 | 5,892 | 6,344 | 6,812 | 7,295 | 7,795 | 8,311 | 8,844 | 9,395 | 9,964 | 10,552 | 11,160 | |
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 | 4,117 | 2,859 | 3,217 | 3,185 | 3,971 | 4,367 | 4,776 | 4,712 | 5,635 | 6,087 | 6,553 | 6,452 | 7,533 | 8,047 | 8,579 | |
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 | 26,418 | |
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 | -33,847 | 4,369 | 4,728 | 4,695 | 5,482 | 5,878 | 6,287 | 6,222 | 7,146 | 7,598 | 8,064 | 7,963 | 9,044 | 9,558 | 196,565 | |
Total Return On Investment (IRR) | 22.86% |