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 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | |
Estimated Annual Property Taxes | 777 | 800 | 824 | 849 | 875 | 901 | 928 | 956 | 984 | 1,014 | 1,044 | 1,076 | 1,108 | 1,141 | 1,175 | |
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) | 9,948 | 9,992 | 10,036 | 10,083 | 10,130 | 10,179 | 10,229 | 10,281 | 10,335 | 10,390 | 10,447 | 10,505 | 10,565 | 10,627 | 10,691 | |
Annual Cash Flows | 3,552 | 3,954 | 4,369 | 4,798 | 5,242 | 5,700 | 6,174 | 6,663 | 7,169 | 7,692 | 8,232 | 8,790 | 9,366 | 9,962 | 10,578 | |
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 | -36,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,400 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,444 | 2,150 | 2,513 | 2,467 | 3,274 | 3,674 | 4,088 | 4,009 | 4,956 | 5,412 | 5,884 | 5,767 | 6,874 | 7,394 | 7,932 | |
Tax Savings | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | -15,566 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,161 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 191,196 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,680 | |
Total Capital In/Out | -37,788 | 3,818 | 4,180 | 4,135 | 4,942 | 5,342 | 5,755 | 5,677 | 6,624 | 7,080 | 7,551 | 7,435 | 8,542 | 9,062 | 215,444 | |
Total Return On Investment (IRR) | 20.82% |