Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,540 | 16,053 | 16,583 | 17,130 | 17,695 | 18,279 | 18,882 | 19,505 | 20,149 | 20,814 | 21,501 | 22,210 | 22,943 | 23,700 | 24,482 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | 9,096 | |
Estimated Annual Property Taxes | 744 | 766 | 789 | 813 | 837 | 862 | 888 | 915 | 942 | 971 | 1,000 | 1,030 | 1,061 | 1,093 | 1,125 | |
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) | 10,512 | 10,555 | 10,598 | 10,643 | 10,690 | 10,738 | 10,787 | 10,838 | 10,890 | 10,944 | 10,999 | 11,056 | 11,115 | 11,176 | 11,238 | |
Annual Cash Flows | 5,028 | 5,498 | 5,984 | 6,486 | 7,005 | 7,541 | 8,095 | 8,668 | 9,259 | 9,870 | 10,502 | 11,154 | 11,828 | 12,525 | 13,245 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 124 | 642 | 663 | 685 | 708 | 731 | 755 | 780 | 806 | 833 | 860 | 888 | 918 | 948 | 979 | |
Maintenance & Repairs | 0 | 1,204 | 1,244 | 1,285 | 1,327 | 1,371 | 1,416 | 1,463 | 1,511 | 1,561 | 1,613 | 1,666 | 1,721 | 1,778 | 1,836 | |
Tenant Placement Credit | -648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 648 | 200 | 200 | 714 | 200 | 200 | 200 | 813 | 200 | 200 | 200 | 925 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 124 | 2,046 | 2,107 | 2,684 | 2,235 | 2,302 | 2,371 | 3,056 | 2,517 | 2,594 | 2,673 | 3,480 | 2,838 | 2,926 | 3,015 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,904 | 3,452 | 3,877 | 3,803 | 4,770 | 5,239 | 5,724 | 5,612 | 6,742 | 7,277 | 7,829 | 7,675 | 8,990 | 9,599 | 10,229 | |
Tax Savings | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | -17,095 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,908 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,974 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,987 | |
Total Capital In/Out | -39,740 | 5,284 | 5,709 | 5,634 | 6,602 | 7,071 | 7,555 | 7,443 | 8,574 | 9,108 | 9,661 | 9,506 | 10,821 | 11,431 | 239,005 | |
Total Return On Investment (IRR) | 23.28% |