Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | 7,231 | |
Estimated Annual Property Taxes | 786 | 810 | 834 | 859 | 885 | 911 | 939 | 967 | 996 | 1,026 | 1,056 | 1,088 | 1,121 | 1,154 | 1,189 | |
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) | 8,689 | 8,732 | 8,777 | 8,824 | 8,872 | 8,921 | 8,972 | 9,024 | 9,078 | 9,133 | 9,190 | 9,249 | 9,309 | 9,372 | 9,436 | |
Annual Cash Flows | 4,811 | 5,213 | 5,628 | 6,057 | 6,501 | 6,959 | 7,432 | 7,921 | 8,426 | 8,949 | 9,488 | 10,046 | 10,622 | 11,217 | 11,833 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,500 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,703 | 3,409 | 3,772 | 3,726 | 4,533 | 4,933 | 5,346 | 5,266 | 6,213 | 6,669 | 7,140 | 7,023 | 8,130 | 8,650 | 9,187 | |
Tax Savings | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | 1,535 | -14,326 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,096 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 175,963 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,996 | |
Total Capital In/Out | -33,762 | 4,944 | 5,307 | 5,261 | 6,068 | 6,467 | 6,880 | 6,801 | 7,748 | 8,204 | 8,675 | 8,558 | 9,665 | 10,185 | 202,424 | |
Total Return On Investment (IRR) | 24.13% |