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 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | 8,778 | |
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) | 10,272 | 10,316 | 10,363 | 10,410 | 10,459 | 10,509 | 10,561 | 10,615 | 10,670 | 10,727 | 10,785 | 10,846 | 10,908 | 10,972 | 11,037 | |
Annual Cash Flows | 4,068 | 4,497 | 4,940 | 5,397 | 5,870 | 6,358 | 6,863 | 7,384 | 7,923 | 8,480 | 9,055 | 9,650 | 10,264 | 10,899 | 11,555 | |
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 | 3,954 | 2,593 | 2,980 | 2,921 | 3,792 | 4,218 | 4,659 | 4,564 | 5,585 | 6,071 | 6,573 | 6,439 | 7,629 | 8,184 | 8,757 | |
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 | 31,756 | |
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 | -39,354 | 4,361 | 4,747 | 4,688 | 5,559 | 5,986 | 6,426 | 6,332 | 7,352 | 7,838 | 8,341 | 8,206 | 9,397 | 9,951 | 229,520 | |
Total Return On Investment (IRR) | 21.58% |