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 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | 6,748 | |
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) | 8,076 | 8,116 | 8,157 | 8,199 | 8,243 | 8,288 | 8,334 | 8,381 | 8,430 | 8,481 | 8,533 | 8,586 | 8,641 | 8,698 | 8,757 | |
Annual Cash Flows | 3,024 | 3,350 | 3,688 | 4,036 | 4,397 | 4,769 | 5,154 | 5,551 | 5,962 | 6,386 | 6,825 | 7,278 | 7,747 | 8,231 | 8,731 | |
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 | 2,935 | 1,832 | 2,126 | 2,120 | 2,743 | 3,067 | 3,403 | 3,368 | 4,107 | 4,477 | 4,859 | 4,793 | 5,662 | 6,084 | 6,520 | |
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 | 23,153 | |
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 | -31,141 | 3,156 | 3,450 | 3,444 | 4,067 | 4,392 | 4,727 | 4,692 | 5,431 | 5,801 | 6,183 | 6,117 | 6,986 | 7,408 | 171,275 | |
Total Return On Investment (IRR) | 20.63% |