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 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | 6,141 | |
Estimated Annual Property Taxes | 660 | 680 | 700 | 721 | 743 | 765 | 788 | 812 | 836 | 861 | 887 | 914 | 941 | 969 | 998 | |
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) | 7,473 | 7,513 | 7,554 | 7,596 | 7,640 | 7,685 | 7,731 | 7,779 | 7,828 | 7,879 | 7,931 | 7,984 | 8,040 | 8,097 | 8,155 | |
Annual Cash Flows | 3,267 | 3,582 | 3,907 | 4,243 | 4,590 | 4,948 | 5,319 | 5,702 | 6,097 | 6,506 | 6,929 | 7,366 | 7,817 | 8,283 | 8,765 | |
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 | -28,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,181 | 2,106 | 2,389 | 2,388 | 2,983 | 3,295 | 3,618 | 3,590 | 4,296 | 4,652 | 5,020 | 4,961 | 5,793 | 6,199 | 6,619 | |
Tax Savings | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | -12,166 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,710 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149,438 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,324 | |
Total Capital In/Out | -30,465 | 3,410 | 3,692 | 3,691 | 4,287 | 4,599 | 4,922 | 4,893 | 5,600 | 5,956 | 6,324 | 6,264 | 7,097 | 7,503 | 170,727 | |
Total Return On Investment (IRR) | 21.34% |