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 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | 7,947 | |
Estimated Annual Property Taxes | 765 | 788 | 812 | 836 | 861 | 887 | 913 | 941 | 969 | 998 | 1,028 | 1,059 | 1,091 | 1,123 | 1,157 | |
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) | 9,384 | 9,427 | 9,472 | 9,517 | 9,564 | 9,613 | 9,663 | 9,714 | 9,767 | 9,822 | 9,878 | 9,936 | 9,996 | 10,057 | 10,121 | |
Annual Cash Flows | 4,416 | 4,828 | 5,254 | 5,695 | 6,149 | 6,619 | 7,105 | 7,607 | 8,126 | 8,661 | 9,215 | 9,787 | 10,379 | 10,989 | 11,621 | |
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 | -34,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,306 | 2,989 | 3,361 | 3,311 | 4,142 | 4,553 | 4,977 | 4,893 | 5,868 | 6,336 | 6,819 | 6,697 | 7,835 | 8,369 | 8,920 | |
Tax Savings | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | -14,935 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,751 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,315 | |
Total Capital In/Out | -35,519 | 4,589 | 4,961 | 4,912 | 5,743 | 6,153 | 6,577 | 6,494 | 7,468 | 7,936 | 8,420 | 8,297 | 9,436 | 9,969 | 208,795 | |
Total Return On Investment (IRR) | 22.89% |