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 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | |
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) | 7,769 | 7,805 | 7,842 | 7,880 | 7,920 | 7,960 | 8,002 | 8,044 | 8,089 | 8,134 | 8,181 | 8,229 | 8,279 | 8,330 | 8,383 | |
Annual Cash Flows | 3,931 | 4,281 | 4,643 | 5,017 | 5,403 | 5,802 | 6,215 | 6,641 | 7,082 | 7,537 | 8,007 | 8,493 | 8,995 | 9,514 | 10,050 | |
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 | -30,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,837 | 2,691 | 3,007 | 2,996 | 3,671 | 4,020 | 4,380 | 4,340 | 5,137 | 5,534 | 5,945 | 5,873 | 6,808 | 7,262 | 7,730 | |
Tax Savings | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | -13,022 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,447 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159,943 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,174 | |
Total Capital In/Out | -31,718 | 4,086 | 4,402 | 4,391 | 5,066 | 5,415 | 5,775 | 5,735 | 6,532 | 6,930 | 7,340 | 7,268 | 8,204 | 8,657 | 183,374 | |
Total Return On Investment (IRR) | 22.69% |