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 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | 6,999 | |
Estimated Annual Property Taxes | 551 | 568 | 585 | 602 | 620 | 639 | 658 | 678 | 698 | 719 | 740 | 763 | 786 | 809 | 833 | |
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) | 8,222 | 8,258 | 8,296 | 8,335 | 8,375 | 8,416 | 8,459 | 8,503 | 8,548 | 8,594 | 8,642 | 8,691 | 8,742 | 8,795 | 8,848 | |
Annual Cash Flows | 5,578 | 5,997 | 6,430 | 6,877 | 7,339 | 7,816 | 8,309 | 8,819 | 9,345 | 9,889 | 10,451 | 11,032 | 11,632 | 12,252 | 12,893 | |
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 | -32,425 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,425 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,468 | 4,158 | 4,536 | 4,494 | 5,332 | 5,749 | 6,181 | 6,105 | 7,087 | 7,564 | 8,055 | 7,942 | 9,089 | 9,632 | 10,193 | |
Tax Savings | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | -13,866 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,162 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,317 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,002 | |
Total Capital In/Out | -31,971 | 5,643 | 6,022 | 5,979 | 6,817 | 7,235 | 7,666 | 7,591 | 8,573 | 9,049 | 9,541 | 9,428 | 10,575 | 11,117 | 197,229 | |
Total Return On Investment (IRR) | 26.44% |