Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,740 | 11,094 | 11,461 | 11,839 | 12,229 | 12,633 | 13,050 | 13,481 | 13,925 | 14,385 | 14,860 | 15,350 | 15,857 | 16,380 | 16,920 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | 6,033 | |
Estimated Annual Property Taxes | 684 | 705 | 726 | 747 | 770 | 793 | 817 | 841 | 866 | 892 | 919 | 947 | 975 | 1,004 | 1,035 | |
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) | 7,389 | 7,429 | 7,471 | 7,514 | 7,559 | 7,605 | 7,652 | 7,700 | 7,750 | 7,802 | 7,855 | 7,910 | 7,966 | 8,024 | 8,084 | |
Annual Cash Flows | 3,351 | 3,665 | 3,989 | 4,324 | 4,671 | 5,028 | 5,398 | 5,780 | 6,175 | 6,583 | 7,005 | 7,440 | 7,891 | 8,356 | 8,837 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 86 | 444 | 458 | 474 | 489 | 505 | 522 | 539 | 557 | 575 | 594 | 614 | 634 | 655 | 677 | |
Maintenance & Repairs | 0 | 832 | 860 | 888 | 917 | 947 | 979 | 1,011 | 1,044 | 1,079 | 1,114 | 1,151 | 1,189 | 1,228 | 1,269 | |
Tenant Placement Credit | -448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 448 | 200 | 200 | 493 | 200 | 200 | 200 | 562 | 200 | 200 | 200 | 640 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 86 | 1,476 | 1,518 | 1,855 | 1,606 | 1,653 | 1,701 | 2,112 | 1,801 | 1,854 | 1,909 | 2,405 | 2,024 | 2,084 | 2,146 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,265 | 2,189 | 2,471 | 2,470 | 3,064 | 3,376 | 3,697 | 3,668 | 4,374 | 4,729 | 5,096 | 5,035 | 5,867 | 6,272 | 6,691 | |
Tax Savings | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | 1,281 | -11,952 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,276 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146,811 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,861 | |
Total Capital In/Out | -29,904 | 3,470 | 3,752 | 3,750 | 4,345 | 4,656 | 4,978 | 4,949 | 5,654 | 6,009 | 6,376 | 6,316 | 7,148 | 7,553 | 167,914 | |
Total Return On Investment (IRR) | 21.63% |