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 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | 6,821 | |
Estimated Annual Property Taxes | 525 | 541 | 557 | 574 | 591 | 609 | 627 | 646 | 665 | 685 | 706 | 727 | 749 | 771 | 794 | |
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) | 8,018 | 8,054 | 8,091 | 8,129 | 8,168 | 8,208 | 8,250 | 8,293 | 8,337 | 8,382 | 8,429 | 8,478 | 8,527 | 8,578 | 8,631 | |
Annual Cash Flows | 3,682 | 4,033 | 4,394 | 4,768 | 5,155 | 5,554 | 5,966 | 6,393 | 6,833 | 7,288 | 7,759 | 8,244 | 8,747 | 9,265 | 9,802 | |
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 | -29,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,589 | 2,443 | 2,759 | 2,748 | 3,423 | 3,771 | 4,132 | 4,092 | 4,889 | 5,286 | 5,697 | 5,625 | 6,560 | 7,013 | 7,482 | |
Tax Savings | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | -12,818 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,676 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,735 | |
Total Capital In/Out | -31,513 | 3,816 | 4,132 | 4,121 | 4,796 | 5,145 | 5,505 | 5,465 | 6,262 | 6,660 | 7,070 | 6,998 | 7,933 | 8,387 | 179,028 | |
Total Return On Investment (IRR) | 22.13% |