Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,900 | 13,326 | 13,765 | 14,220 | 14,689 | 15,174 | 15,674 | 16,192 | 16,726 | 17,278 | 17,848 | 18,437 | 19,046 | 19,674 | 20,323 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | |
Estimated Annual Property Taxes | 949 | 977 | 1,007 | 1,037 | 1,068 | 1,100 | 1,133 | 1,167 | 1,202 | 1,238 | 1,275 | 1,314 | 1,353 | 1,394 | 1,435 | |
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) | 8,609 | 8,657 | 8,707 | 8,759 | 8,812 | 8,867 | 8,923 | 8,981 | 9,041 | 9,103 | 9,166 | 9,232 | 9,299 | 9,368 | 9,440 | |
Annual Cash Flows | 4,291 | 4,668 | 5,058 | 5,461 | 5,877 | 6,307 | 6,751 | 7,210 | 7,685 | 8,175 | 8,682 | 9,206 | 9,747 | 10,306 | 10,884 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 103 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | 762 | 787 | 813 | |
Maintenance & Repairs | 0 | 999 | 1,032 | 1,066 | 1,102 | 1,138 | 1,176 | 1,214 | 1,254 | 1,296 | 1,339 | 1,383 | 1,428 | 1,476 | 1,524 | |
Tenant Placement Credit | -538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 538 | 200 | 200 | 592 | 200 | 200 | 200 | 675 | 200 | 200 | 200 | 768 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 103 | 1,732 | 1,783 | 2,228 | 1,889 | 1,945 | 2,003 | 2,537 | 2,123 | 2,187 | 2,253 | 2,888 | 2,390 | 2,463 | 2,537 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,188 | 2,936 | 3,275 | 3,233 | 3,988 | 4,362 | 4,749 | 4,674 | 5,561 | 5,988 | 6,429 | 6,317 | 7,356 | 7,843 | 8,346 | |
Tax Savings | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | -13,845 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,119 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,054 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,955 | |
Total Capital In/Out | -33,204 | 4,419 | 4,758 | 4,716 | 5,471 | 5,845 | 6,232 | 6,157 | 7,045 | 7,472 | 7,913 | 7,800 | 8,840 | 9,327 | 195,094 | |
Total Return On Investment (IRR) | 23.07% |