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 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | |
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) | 9,191 | 9,234 | 9,279 | 9,324 | 9,371 | 9,420 | 9,470 | 9,521 | 9,574 | 9,629 | 9,685 | 9,743 | 9,803 | 9,864 | 9,928 | |
Annual Cash Flows | 4,609 | 5,021 | 5,447 | 5,888 | 6,342 | 6,812 | 7,298 | 7,800 | 8,319 | 8,854 | 9,408 | 9,980 | 10,572 | 11,182 | 11,814 | |
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 | -35,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,499 | 3,182 | 3,554 | 3,504 | 4,335 | 4,746 | 5,170 | 5,086 | 6,061 | 6,529 | 7,012 | 6,890 | 8,028 | 8,562 | 9,113 | |
Tax Savings | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | -15,363 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,202 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,701 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,240 | |
Total Capital In/Out | -36,280 | 4,828 | 5,200 | 5,150 | 5,981 | 6,392 | 6,816 | 6,732 | 7,707 | 8,175 | 8,658 | 8,536 | 9,674 | 10,208 | 216,339 | |
Total Return On Investment (IRR) | 23.15% |