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 | 524 | 540 | 556 | 573 | 590 | 607 | 626 | 644 | 664 | 684 | 704 | 725 | 747 | 770 | 793 | |
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) | 8,578 | 8,614 | 8,651 | 8,689 | 8,728 | 8,768 | 8,810 | 8,853 | 8,897 | 8,942 | 8,989 | 9,037 | 9,087 | 9,138 | 9,191 | |
Annual Cash Flows | 4,562 | 4,960 | 5,371 | 5,796 | 6,234 | 6,688 | 7,156 | 7,640 | 8,140 | 8,657 | 9,191 | 9,743 | 10,313 | 10,902 | 11,511 | |
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 | 4,457 | 3,199 | 3,559 | 3,526 | 4,314 | 4,710 | 5,120 | 5,056 | 5,981 | 6,433 | 6,900 | 6,801 | 7,882 | 8,397 | 8,930 | |
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 | -34,676 | 4,766 | 5,126 | 5,093 | 5,881 | 6,277 | 6,687 | 6,623 | 7,548 | 8,000 | 8,467 | 8,368 | 9,449 | 9,964 | 206,205 | |
Total Return On Investment (IRR) | 23.44% |