Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | 8,516 | |
Estimated Annual Property Taxes | 684 | 705 | 726 | 747 | 770 | 793 | 817 | 841 | 866 | 892 | 919 | 947 | 975 | 1,004 | 1,035 | |
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) | 9,872 | 9,913 | 9,954 | 9,998 | 10,042 | 10,088 | 10,135 | 10,184 | 10,234 | 10,285 | 10,338 | 10,393 | 10,449 | 10,507 | 10,567 | |
Annual Cash Flows | 5,128 | 5,582 | 6,052 | 6,537 | 7,038 | 7,556 | 8,091 | 8,644 | 9,215 | 9,806 | 10,415 | 11,046 | 11,697 | 12,370 | 13,065 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,425 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,425 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,008 | 3,601 | 4,011 | 3,947 | 4,874 | 5,327 | 5,795 | 5,694 | 6,779 | 7,295 | 7,829 | 7,687 | 8,950 | 9,539 | 10,147 | |
Tax Savings | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | 1,715 | -16,004 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,809 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,580 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,628 | |
Total Capital In/Out | -37,202 | 5,315 | 5,726 | 5,661 | 6,589 | 7,042 | 7,510 | 7,409 | 8,493 | 9,010 | 9,544 | 9,402 | 10,665 | 11,254 | 224,329 | |
Total Return On Investment (IRR) | 23.99% |