Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,800 | 14,255 | 14,726 | 15,212 | 15,714 | 16,232 | 16,768 | 17,321 | 17,893 | 18,483 | 19,093 | 19,723 | 20,374 | 21,047 | 21,741 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | |
Estimated Annual Property Taxes | 907 | 934 | 962 | 991 | 1,021 | 1,051 | 1,083 | 1,115 | 1,149 | 1,183 | 1,219 | 1,256 | 1,293 | 1,332 | 1,372 | |
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) | 9,754 | 9,801 | 9,850 | 9,900 | 9,952 | 10,005 | 10,060 | 10,117 | 10,175 | 10,235 | 10,297 | 10,360 | 10,426 | 10,493 | 10,563 | |
Annual Cash Flows | 4,046 | 4,454 | 4,876 | 5,312 | 5,762 | 6,227 | 6,708 | 7,205 | 7,718 | 8,249 | 8,797 | 9,363 | 9,948 | 10,553 | 11,178 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 110 | 570 | 589 | 608 | 629 | 649 | 671 | 693 | 716 | 739 | 764 | 789 | 815 | 842 | 870 | |
Maintenance & Repairs | 0 | 1,069 | 1,104 | 1,141 | 1,179 | 1,217 | 1,258 | 1,299 | 1,342 | 1,386 | 1,432 | 1,479 | 1,528 | 1,578 | 1,631 | |
Tenant Placement Credit | -575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 575 | 200 | 200 | 634 | 200 | 200 | 200 | 722 | 200 | 200 | 200 | 822 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 110 | 1,839 | 1,893 | 2,383 | 2,007 | 2,067 | 2,128 | 2,714 | 2,258 | 2,326 | 2,396 | 3,090 | 2,543 | 2,620 | 2,700 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -35,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,936 | 2,615 | 2,983 | 2,929 | 3,755 | 4,161 | 4,580 | 4,491 | 5,460 | 5,923 | 6,401 | 6,273 | 7,405 | 7,933 | 8,478 | |
Tax Savings | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | -15,363 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,574 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,701 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,240 | |
Total Capital In/Out | -36,843 | 4,261 | 4,629 | 4,575 | 5,401 | 5,807 | 6,226 | 6,137 | 7,107 | 7,569 | 8,047 | 7,919 | 9,051 | 9,579 | 214,076 | |
Total Return On Investment (IRR) | 21.89% |