Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,740 | 11,094 | 11,461 | 11,839 | 12,229 | 12,633 | 13,050 | 13,481 | 13,925 | 14,385 | 14,860 | 15,350 | 15,857 | 16,380 | 16,920 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | 6,415 | |
Estimated Annual Property Taxes | 614 | 632 | 651 | 671 | 691 | 712 | 733 | 755 | 778 | 801 | 825 | 850 | 875 | 902 | 929 | |
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) | 7,701 | 7,740 | 7,780 | 7,821 | 7,863 | 7,906 | 7,951 | 7,997 | 8,044 | 8,093 | 8,144 | 8,195 | 8,249 | 8,304 | 8,360 | |
Annual Cash Flows | 3,039 | 3,355 | 3,681 | 4,018 | 4,367 | 4,727 | 5,099 | 5,484 | 5,881 | 6,292 | 6,716 | 7,155 | 7,608 | 8,076 | 8,560 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 86 | 444 | 458 | 474 | 489 | 505 | 522 | 539 | 557 | 575 | 594 | 614 | 634 | 655 | 677 | |
Maintenance & Repairs | 0 | 832 | 860 | 888 | 917 | 947 | 979 | 1,011 | 1,044 | 1,079 | 1,114 | 1,151 | 1,189 | 1,228 | 1,269 | |
Tenant Placement Credit | -448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 448 | 200 | 200 | 493 | 200 | 200 | 200 | 562 | 200 | 200 | 200 | 640 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 86 | 1,476 | 1,518 | 1,855 | 1,606 | 1,653 | 1,701 | 2,112 | 1,801 | 1,854 | 1,909 | 2,405 | 2,024 | 2,084 | 2,146 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,475 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 2,953 | 1,879 | 2,163 | 2,163 | 2,760 | 3,074 | 3,398 | 3,372 | 4,080 | 4,437 | 4,807 | 4,750 | 5,584 | 5,992 | 6,414 | |
Tax Savings | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | -11,749 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,011 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144,316 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,422 | |
Total Capital In/Out | -29,763 | 3,138 | 3,422 | 3,422 | 4,019 | 4,333 | 4,657 | 4,631 | 5,338 | 5,696 | 6,066 | 6,009 | 6,843 | 7,251 | 163,046 | |
Total Return On Investment (IRR) | 20.88% |