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 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | 6,380 | |
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) | 7,596 | 7,633 | 7,670 | 7,709 | 7,749 | 7,790 | 7,832 | 7,876 | 7,921 | 7,967 | 8,014 | 8,063 | 8,114 | 8,166 | 8,220 | |
Annual Cash Flows | 2,904 | 3,214 | 3,534 | 3,865 | 4,207 | 4,561 | 4,926 | 5,303 | 5,694 | 6,097 | 6,513 | 6,943 | 7,388 | 7,848 | 8,323 | |
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 | 2,820 | 1,766 | 2,046 | 2,052 | 2,632 | 2,940 | 3,259 | 3,239 | 3,928 | 4,279 | 4,642 | 4,592 | 5,405 | 5,806 | 6,220 | |
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 | 21,891 | |
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 | -29,753 | 3,018 | 3,298 | 3,304 | 3,884 | 4,192 | 4,511 | 4,491 | 5,180 | 5,531 | 5,894 | 5,844 | 6,657 | 7,058 | 161,997 | |
Total Return On Investment (IRR) | 20.57% |