Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,140 | 13,574 | 14,022 | 14,484 | 14,962 | 15,456 | 15,966 | 16,493 | 17,037 | 17,599 | 18,180 | 18,780 | 19,400 | 20,040 | 20,701 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | |
Estimated Annual Property Taxes | 1,045 | 1,076 | 1,109 | 1,142 | 1,176 | 1,211 | 1,248 | 1,285 | 1,324 | 1,363 | 1,404 | 1,447 | 1,490 | 1,535 | 1,581 | |
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) | 9,099 | 9,150 | 9,203 | 9,258 | 9,314 | 9,372 | 9,432 | 9,493 | 9,557 | 9,622 | 9,689 | 9,758 | 9,830 | 9,903 | 9,979 | |
Annual Cash Flows | 4,041 | 4,423 | 4,818 | 5,226 | 5,648 | 6,084 | 6,534 | 7,000 | 7,480 | 7,977 | 8,491 | 9,022 | 9,570 | 10,137 | 10,723 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 105 | 543 | 561 | 579 | 598 | 618 | 639 | 660 | 681 | 704 | 727 | 751 | 776 | 802 | 828 | |
Maintenance & Repairs | 0 | 1,018 | 1,052 | 1,086 | 1,122 | 1,159 | 1,197 | 1,237 | 1,278 | 1,320 | 1,364 | 1,409 | 1,455 | 1,503 | 1,553 | |
Tenant Placement Credit | -548 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 548 | 200 | 200 | 604 | 200 | 200 | 200 | 687 | 200 | 200 | 200 | 783 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 105 | 1,761 | 1,812 | 2,269 | 1,921 | 1,977 | 2,036 | 2,584 | 2,159 | 2,224 | 2,291 | 2,942 | 2,431 | 2,505 | 2,581 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,936 | 2,662 | 3,006 | 2,957 | 3,727 | 4,106 | 4,498 | 4,416 | 5,321 | 5,754 | 6,200 | 6,080 | 7,139 | 7,632 | 8,142 | |
Tax Savings | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | -14,625 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,704 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179,640 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,644 | |
Total Capital In/Out | -35,197 | 4,229 | 4,573 | 4,524 | 5,294 | 5,673 | 6,065 | 5,983 | 6,888 | 7,321 | 7,767 | 7,647 | 8,706 | 9,199 | 205,417 | |
Total Return On Investment (IRR) | 22.14% |