Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,100 | 11,466 | 11,845 | 12,236 | 12,639 | 13,056 | 13,487 | 13,932 | 14,392 | 14,867 | 15,358 | 15,865 | 16,388 | 16,929 | 17,487 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | 6,576 | |
Estimated Annual Property Taxes | 656 | 676 | 696 | 717 | 738 | 760 | 783 | 807 | 831 | 856 | 882 | 908 | 935 | 963 | 992 | |
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) | 7,904 | 7,944 | 7,985 | 8,027 | 8,071 | 8,116 | 8,162 | 8,209 | 8,258 | 8,309 | 8,361 | 8,414 | 8,469 | 8,526 | 8,585 | |
Annual Cash Flows | 3,196 | 3,522 | 3,860 | 4,208 | 4,569 | 4,941 | 5,326 | 5,723 | 6,134 | 6,558 | 6,997 | 7,450 | 7,919 | 8,403 | 8,903 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 89 | 459 | 474 | 489 | 506 | 522 | 539 | 557 | 576 | 595 | 614 | 635 | 656 | 677 | 699 | |
Maintenance & Repairs | 0 | 860 | 888 | 918 | 948 | 979 | 1,012 | 1,045 | 1,079 | 1,115 | 1,152 | 1,190 | 1,229 | 1,270 | 1,312 | |
Tenant Placement Credit | -463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 463 | 200 | 200 | 510 | 200 | 200 | 200 | 581 | 200 | 200 | 200 | 661 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 89 | 1,519 | 1,562 | 1,917 | 1,654 | 1,701 | 1,751 | 2,183 | 1,855 | 1,910 | 1,966 | 2,485 | 2,085 | 2,147 | 2,211 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -28,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,900 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,107 | 2,004 | 2,298 | 2,291 | 2,915 | 3,239 | 3,575 | 3,540 | 4,279 | 4,649 | 5,031 | 4,965 | 5,834 | 6,256 | 6,692 | |
Tax Savings | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | 1,324 | -12,359 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,791 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 151,801 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,740 | |
Total Capital In/Out | -30,969 | 3,328 | 3,622 | 3,616 | 4,239 | 4,564 | 4,899 | 4,864 | 5,603 | 5,973 | 6,355 | 6,289 | 7,158 | 7,580 | 172,085 | |
Total Return On Investment (IRR) | 21.06% |