Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,380 | 13,822 | 14,278 | 14,749 | 15,236 | 15,738 | 16,258 | 16,794 | 17,348 | 17,921 | 18,512 | 19,123 | 19,754 | 20,406 | 21,080 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | 8,423 | |
Estimated Annual Property Taxes | 887 | 914 | 941 | 969 | 998 | 1,028 | 1,059 | 1,091 | 1,124 | 1,157 | 1,192 | 1,228 | 1,265 | 1,303 | 1,342 | |
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) | 9,982 | 10,029 | 10,077 | 10,127 | 10,178 | 10,231 | 10,285 | 10,341 | 10,398 | 10,457 | 10,519 | 10,581 | 10,646 | 10,713 | 10,781 | |
Annual Cash Flows | 3,398 | 3,792 | 4,200 | 4,622 | 5,058 | 5,508 | 5,973 | 6,453 | 6,950 | 7,463 | 7,994 | 8,542 | 9,108 | 9,693 | 10,298 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 107 | 553 | 571 | 590 | 609 | 630 | 650 | 672 | 694 | 717 | 740 | 765 | 790 | 816 | 843 | |
Maintenance & Repairs | 0 | 1,037 | 1,071 | 1,106 | 1,143 | 1,180 | 1,219 | 1,260 | 1,301 | 1,344 | 1,388 | 1,434 | 1,482 | 1,530 | 1,581 | |
Tenant Placement Credit | -558 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 558 | 200 | 200 | 615 | 200 | 200 | 200 | 700 | 200 | 200 | 200 | 797 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 107 | 1,789 | 1,842 | 2,311 | 1,952 | 2,010 | 2,070 | 2,631 | 2,195 | 2,261 | 2,329 | 2,996 | 2,472 | 2,547 | 2,624 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -36,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,075 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,291 | 2,003 | 2,358 | 2,311 | 3,105 | 3,498 | 3,903 | 3,822 | 4,755 | 5,202 | 5,665 | 5,546 | 6,636 | 7,147 | 7,674 | |
Tax Savings | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | 1,653 | -15,427 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,901 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 189,489 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,379 | |
Total Capital In/Out | -37,631 | 3,656 | 4,011 | 3,964 | 4,758 | 5,151 | 5,556 | 5,475 | 6,408 | 6,855 | 7,318 | 7,199 | 8,289 | 8,800 | 213,333 | |
Total Return On Investment (IRR) | 20.53% |