Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,700 | 12,086 | 12,485 | 12,897 | 13,323 | 13,762 | 14,216 | 14,685 | 15,170 | 15,671 | 16,188 | 16,722 | 17,274 | 17,844 | 18,433 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | 6,842 | |
Estimated Annual Property Taxes | 1,051 | 1,083 | 1,115 | 1,148 | 1,183 | 1,218 | 1,255 | 1,293 | 1,331 | 1,371 | 1,412 | 1,455 | 1,498 | 1,543 | 1,590 | |
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) | 8,565 | 8,617 | 8,670 | 8,725 | 8,781 | 8,839 | 8,899 | 8,961 | 9,025 | 9,090 | 9,158 | 9,227 | 9,299 | 9,372 | 9,448 | |
Annual Cash Flows | 3,135 | 3,469 | 3,815 | 4,172 | 4,541 | 4,923 | 5,317 | 5,724 | 6,145 | 6,581 | 7,030 | 7,495 | 7,975 | 8,472 | 8,984 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 94 | 483 | 499 | 516 | 533 | 550 | 569 | 587 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | |
Maintenance & Repairs | 0 | 906 | 936 | 967 | 999 | 1,032 | 1,066 | 1,101 | 1,138 | 1,175 | 1,214 | 1,254 | 1,296 | 1,338 | 1,382 | |
Tenant Placement Credit | -488 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 488 | 200 | 200 | 537 | 200 | 200 | 200 | 612 | 200 | 200 | 200 | 697 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 94 | 1,590 | 1,636 | 2,021 | 1,732 | 1,783 | 1,835 | 2,301 | 1,945 | 2,002 | 2,062 | 2,620 | 2,186 | 2,252 | 2,320 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -31,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,041 | 1,879 | 2,179 | 2,152 | 2,809 | 3,140 | 3,482 | 3,424 | 4,201 | 4,578 | 4,969 | 4,875 | 5,789 | 6,220 | 6,665 | |
Tax Savings | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | -13,556 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,533 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166,509 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,331 | |
Total Capital In/Out | -33,706 | 3,332 | 3,632 | 3,604 | 4,262 | 4,592 | 4,934 | 4,876 | 5,653 | 6,031 | 6,421 | 6,328 | 7,241 | 7,672 | 189,519 | |
Total Return On Investment (IRR) | 20.47% |