Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,800 | 14,255 | 14,726 | 15,212 | 15,714 | 16,232 | 16,768 | 17,321 | 17,893 | 18,483 | 19,093 | 19,723 | 20,374 | 21,047 | 21,741 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | 8,024 | |
Estimated Annual Property Taxes | 633 | 652 | 672 | 692 | 712 | 734 | 756 | 779 | 802 | 826 | 851 | 876 | 903 | 930 | 957 | |
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) | 9,329 | 9,368 | 9,408 | 9,450 | 9,493 | 9,537 | 9,582 | 9,629 | 9,677 | 9,727 | 9,778 | 9,830 | 9,884 | 9,940 | 9,998 | |
Annual Cash Flows | 4,471 | 4,887 | 5,318 | 5,762 | 6,221 | 6,696 | 7,186 | 7,693 | 8,216 | 8,757 | 9,316 | 9,893 | 10,490 | 11,106 | 11,743 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 110 | 570 | 589 | 608 | 629 | 649 | 671 | 693 | 716 | 739 | 764 | 789 | 815 | 842 | 870 | |
Maintenance & Repairs | 0 | 1,069 | 1,104 | 1,141 | 1,179 | 1,217 | 1,258 | 1,299 | 1,342 | 1,386 | 1,432 | 1,479 | 1,528 | 1,578 | 1,631 | |
Tenant Placement Credit | -575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 575 | 200 | 200 | 634 | 200 | 200 | 200 | 722 | 200 | 200 | 200 | 822 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 110 | 1,839 | 1,893 | 2,383 | 2,007 | 2,067 | 2,128 | 2,714 | 2,258 | 2,326 | 2,396 | 3,090 | 2,543 | 2,620 | 2,700 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,175 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,361 | 3,048 | 3,424 | 3,379 | 4,214 | 4,629 | 5,058 | 4,979 | 5,958 | 6,431 | 6,920 | 6,803 | 7,947 | 8,486 | 9,043 | |
Tax Savings | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | 1,703 | -15,897 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,288 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 195,267 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,397 | |
Total Capital In/Out | -37,611 | 4,751 | 5,127 | 5,082 | 5,917 | 6,332 | 6,761 | 6,682 | 7,662 | 8,135 | 8,623 | 8,507 | 9,650 | 10,189 | 223,479 | |
Total Return On Investment (IRR) | 22.66% |