Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | 6,218 | |
Estimated Annual Property Taxes | 544 | 560 | 577 | 594 | 612 | 631 | 650 | 669 | 689 | 710 | 731 | 753 | 776 | 799 | 823 | |
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) | 7,434 | 7,470 | 7,508 | 7,546 | 7,586 | 7,627 | 7,670 | 7,713 | 7,758 | 7,804 | 7,852 | 7,901 | 7,951 | 8,003 | 8,057 | |
Annual Cash Flows | 3,066 | 3,376 | 3,697 | 4,028 | 4,370 | 4,723 | 5,089 | 5,466 | 5,856 | 6,259 | 6,676 | 7,106 | 7,551 | 8,010 | 8,485 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 2,982 | 1,929 | 2,208 | 2,214 | 2,795 | 3,103 | 3,421 | 3,401 | 4,091 | 4,442 | 4,805 | 4,755 | 5,568 | 5,969 | 6,383 | |
Tax Savings | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | -11,685 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,495 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143,528 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,283 | |
Total Capital In/Out | -29,591 | 3,181 | 3,460 | 3,466 | 4,047 | 4,355 | 4,673 | 4,653 | 5,342 | 5,694 | 6,057 | 6,007 | 6,820 | 7,221 | 162,763 | |
Total Return On Investment (IRR) | 21.00% |