Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,900 | 13,326 | 13,765 | 14,220 | 14,689 | 15,174 | 15,674 | 16,192 | 16,726 | 17,278 | 17,848 | 18,437 | 19,046 | 19,674 | 20,323 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | 7,924 | |
Estimated Annual Property Taxes | 420 | 433 | 446 | 459 | 473 | 487 | 502 | 517 | 532 | 548 | 564 | 581 | 599 | 617 | 635 | |
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) | 9,016 | 9,049 | 9,083 | 9,117 | 9,153 | 9,190 | 9,228 | 9,267 | 9,308 | 9,349 | 9,392 | 9,436 | 9,481 | 9,528 | 9,576 | |
Annual Cash Flows | 3,884 | 4,277 | 4,683 | 5,102 | 5,536 | 5,984 | 6,446 | 6,924 | 7,418 | 7,929 | 8,456 | 9,001 | 9,564 | 10,146 | 10,747 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 103 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | 762 | 787 | 813 | |
Maintenance & Repairs | 0 | 999 | 1,032 | 1,066 | 1,102 | 1,138 | 1,176 | 1,214 | 1,254 | 1,296 | 1,339 | 1,383 | 1,428 | 1,476 | 1,524 | |
Tenant Placement Credit | -538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 538 | 200 | 200 | 592 | 200 | 200 | 200 | 675 | 200 | 200 | 200 | 768 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 103 | 1,732 | 1,783 | 2,228 | 1,889 | 1,945 | 2,003 | 2,537 | 2,123 | 2,187 | 2,253 | 2,888 | 2,390 | 2,463 | 2,537 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,781 | 2,544 | 2,900 | 2,874 | 3,646 | 4,039 | 4,444 | 4,388 | 5,295 | 5,742 | 6,204 | 6,113 | 7,174 | 7,684 | 8,210 | |
Tax Savings | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | -14,892 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,669 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182,923 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,222 | |
Total Capital In/Out | -35,949 | 4,140 | 4,495 | 4,470 | 5,242 | 5,634 | 6,039 | 5,983 | 6,891 | 7,338 | 7,799 | 7,708 | 8,770 | 9,279 | 207,512 | |
Total Return On Investment (IRR) | 21.81% |