Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 18,600 | 19,214 | 19,848 | 20,503 | 21,179 | 21,878 | 22,600 | 23,346 | 24,117 | 24,912 | 25,735 | 26,584 | 27,461 | 28,367 | 29,303 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | 11,015 | |
Estimated Annual Property Taxes | 1,426 | 1,469 | 1,513 | 1,558 | 1,605 | 1,653 | 1,703 | 1,754 | 1,806 | 1,861 | 1,916 | 1,974 | 2,033 | 2,094 | 2,157 | |
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) | 13,113 | 13,176 | 13,241 | 13,308 | 13,376 | 13,447 | 13,520 | 13,595 | 13,673 | 13,753 | 13,835 | 13,919 | 14,006 | 14,096 | 14,189 | |
Annual Cash Flows | 5,487 | 6,038 | 6,607 | 7,195 | 7,803 | 8,431 | 9,080 | 9,751 | 10,444 | 11,160 | 11,900 | 12,665 | 13,455 | 14,271 | 15,115 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 149 | 769 | 794 | 820 | 847 | 875 | 904 | 934 | 965 | 996 | 1,029 | 1,063 | 1,098 | 1,135 | 1,172 | |
Maintenance & Repairs | 0 | 1,441 | 1,489 | 1,538 | 1,588 | 1,641 | 1,695 | 1,751 | 1,809 | 1,868 | 1,930 | 1,994 | 2,060 | 2,128 | 2,198 | |
Tenant Placement Credit | -775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 775 | 200 | 200 | 854 | 200 | 200 | 200 | 973 | 200 | 200 | 200 | 1,108 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 149 | 2,410 | 2,483 | 3,212 | 2,636 | 2,716 | 2,799 | 3,658 | 2,973 | 3,065 | 3,159 | 4,165 | 3,358 | 3,462 | 3,570 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -47,175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,175 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,338 | 3,628 | 4,124 | 3,983 | 5,167 | 5,715 | 6,281 | 6,093 | 7,470 | 8,095 | 8,740 | 8,500 | 10,097 | 10,809 | 11,545 | |
Tax Savings | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | 2,161 | -20,174 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,794 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 247,793 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,649 | |
Total Capital In/Out | -46,175 | 5,790 | 6,286 | 6,145 | 7,329 | 7,877 | 8,443 | 8,255 | 9,632 | 10,256 | 10,902 | 10,661 | 12,258 | 12,970 | 280,484 | |
Total Return On Investment (IRR) | 22.86% |