Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | 8,326 | |
Estimated Annual Property Taxes | 822 | 847 | 872 | 898 | 925 | 953 | 982 | 1,011 | 1,041 | 1,073 | 1,105 | 1,138 | 1,172 | 1,207 | 1,243 | |
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) | 9,820 | 9,865 | 9,911 | 9,958 | 10,007 | 10,058 | 10,110 | 10,163 | 10,219 | 10,275 | 10,334 | 10,394 | 10,456 | 10,520 | 10,586 | |
Annual Cash Flows | 4,520 | 4,948 | 5,391 | 5,849 | 6,321 | 6,810 | 7,314 | 7,836 | 8,375 | 8,931 | 9,507 | 10,101 | 10,716 | 11,350 | 12,006 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -38,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,405 | 3,045 | 3,431 | 3,372 | 4,243 | 4,670 | 5,110 | 5,016 | 6,036 | 6,523 | 7,025 | 6,890 | 8,081 | 8,635 | 9,208 | |
Tax Savings | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | 1,767 | -16,496 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,504 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 202,621 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,692 | |
Total Capital In/Out | -38,902 | 4,812 | 5,199 | 5,140 | 6,011 | 6,437 | 6,878 | 6,783 | 7,804 | 8,290 | 8,792 | 8,658 | 9,848 | 10,403 | 231,719 | |
Total Return On Investment (IRR) | 22.50% |