Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,300 | 15,805 | 16,326 | 16,865 | 17,422 | 17,997 | 18,591 | 19,204 | 19,838 | 20,492 | 21,169 | 21,867 | 22,589 | 23,334 | 24,104 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | |
Estimated Annual Property Taxes | 1,147 | 1,181 | 1,217 | 1,253 | 1,291 | 1,330 | 1,370 | 1,411 | 1,453 | 1,497 | 1,541 | 1,588 | 1,635 | 1,684 | 1,735 | |
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) | 11,118 | 11,173 | 11,229 | 11,287 | 11,346 | 11,408 | 11,471 | 11,536 | 11,603 | 11,672 | 11,744 | 11,817 | 11,892 | 11,970 | 12,050 | |
Annual Cash Flows | 4,182 | 4,632 | 5,098 | 5,579 | 6,076 | 6,589 | 7,120 | 7,668 | 8,235 | 8,820 | 9,425 | 10,050 | 10,697 | 11,364 | 12,054 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 122 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | 933 | 964 | |
Maintenance & Repairs | 0 | 1,185 | 1,224 | 1,265 | 1,307 | 1,350 | 1,394 | 1,440 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | 1,750 | 1,808 | |
Tenant Placement Credit | -638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 638 | 200 | 200 | 703 | 200 | 200 | 200 | 800 | 200 | 200 | 200 | 911 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 122 | 2,018 | 2,078 | 2,642 | 2,204 | 2,270 | 2,338 | 3,009 | 2,481 | 2,557 | 2,634 | 3,426 | 2,798 | 2,883 | 2,972 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,060 | 2,615 | 3,020 | 2,936 | 3,872 | 4,319 | 4,782 | 4,659 | 5,753 | 6,264 | 6,791 | 6,625 | 7,899 | 8,481 | 9,082 | |
Tax Savings | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | -17,031 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,905 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,186 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,849 | |
Total Capital In/Out | -40,441 | 4,440 | 4,845 | 4,761 | 5,697 | 6,144 | 6,606 | 6,484 | 7,578 | 8,088 | 8,615 | 8,449 | 9,723 | 10,305 | 236,119 | |
Total Return On Investment (IRR) | 21.56% |