Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | |
Estimated Annual Property Taxes | 945 | 973 | 1,003 | 1,033 | 1,064 | 1,096 | 1,128 | 1,162 | 1,197 | 1,233 | 1,270 | 1,308 | 1,347 | 1,388 | 1,429 | |
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) | 10,110 | 10,159 | 10,209 | 10,260 | 10,313 | 10,368 | 10,424 | 10,482 | 10,541 | 10,603 | 10,666 | 10,731 | 10,799 | 10,868 | 10,939 | |
Annual Cash Flows | 4,230 | 4,655 | 5,093 | 5,547 | 6,016 | 6,500 | 7,000 | 7,517 | 8,052 | 8,604 | 9,174 | 9,764 | 10,373 | 11,003 | 11,653 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,115 | 2,751 | 3,134 | 3,071 | 3,938 | 4,360 | 4,796 | 4,697 | 5,713 | 6,195 | 6,693 | 6,553 | 7,738 | 8,287 | 8,855 | |
Tax Savings | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | -15,962 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,727 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,055 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,535 | |
Total Capital In/Out | -38,000 | 4,461 | 4,844 | 4,781 | 5,648 | 6,070 | 6,507 | 6,408 | 7,424 | 7,905 | 8,403 | 8,263 | 9,448 | 9,998 | 222,465 | |
Total Return On Investment (IRR) | 22.05% |