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 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | 11,303 | |
Estimated Annual Property Taxes | 840 | 865 | 891 | 918 | 945 | 974 | 1,003 | 1,033 | 1,064 | 1,096 | 1,129 | 1,163 | 1,198 | 1,234 | 1,271 | |
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) | 12,815 | 12,861 | 12,907 | 12,955 | 13,005 | 13,056 | 13,109 | 13,163 | 13,219 | 13,276 | 13,335 | 13,396 | 13,459 | 13,524 | 13,590 | |
Annual Cash Flows | 5,785 | 6,353 | 6,941 | 7,547 | 8,174 | 8,822 | 9,492 | 10,183 | 10,898 | 11,636 | 12,399 | 13,188 | 14,002 | 14,844 | 15,713 | |
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 | -49,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,675 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,636 | 3,944 | 4,458 | 4,335 | 5,539 | 6,106 | 6,693 | 6,526 | 7,925 | 8,571 | 9,240 | 9,023 | 10,644 | 11,381 | 12,143 | |
Tax Savings | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | -21,243 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,894 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 260,925 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45,962 | |
Total Capital In/Out | -48,263 | 6,220 | 6,734 | 6,611 | 7,815 | 8,382 | 8,969 | 8,802 | 10,201 | 10,847 | 11,516 | 11,299 | 12,920 | 13,657 | 296,431 | |
Total Return On Investment (IRR) | 23.11% |