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 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | 8,396 | |
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) | 9,752 | 9,793 | 9,835 | 9,878 | 9,922 | 9,968 | 10,015 | 10,064 | 10,114 | 10,165 | 10,218 | 10,273 | 10,329 | 10,387 | 10,447 | |
Annual Cash Flows | 5,248 | 5,702 | 6,172 | 6,657 | 7,158 | 7,676 | 8,211 | 8,764 | 9,335 | 9,925 | 10,535 | 11,165 | 11,817 | 12,489 | 13,185 | |
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 | -38,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,900 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,128 | 3,720 | 4,131 | 4,066 | 4,994 | 5,447 | 5,915 | 5,814 | 6,898 | 7,415 | 7,949 | 7,807 | 9,070 | 9,659 | 10,267 | |
Tax Savings | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | 1,782 | -16,635 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,786 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 204,328 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,993 | |
Total Capital In/Out | -38,490 | 5,503 | 5,913 | 5,849 | 6,776 | 7,229 | 7,697 | 7,596 | 8,681 | 9,197 | 9,731 | 9,589 | 10,852 | 11,441 | 234,653 | |
Total Return On Investment (IRR) | 23.97% |