Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | |
Estimated Annual Property Taxes | 581 | 598 | 616 | 635 | 654 | 674 | 694 | 715 | 736 | 758 | 781 | 804 | 828 | 853 | 879 | |
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) | 7,471 | 7,508 | 7,547 | 7,587 | 7,628 | 7,670 | 7,714 | 7,759 | 7,805 | 7,853 | 7,902 | 7,952 | 8,004 | 8,058 | 8,113 | |
Annual Cash Flows | 3,029 | 3,338 | 3,657 | 3,987 | 4,328 | 4,680 | 5,044 | 5,421 | 5,809 | 6,211 | 6,626 | 7,055 | 7,498 | 7,956 | 8,429 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 2,945 | 1,891 | 2,169 | 2,174 | 2,753 | 3,060 | 3,377 | 3,356 | 4,044 | 4,394 | 4,755 | 4,704 | 5,515 | 5,914 | 6,327 | |
Tax Savings | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | -11,685 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,495 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143,528 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,283 | |
Total Capital In/Out | -29,628 | 3,143 | 3,421 | 3,426 | 4,005 | 4,312 | 4,629 | 4,608 | 5,296 | 5,646 | 6,007 | 5,956 | 6,767 | 7,166 | 162,707 | |
Total Return On Investment (IRR) | 20.90% |