Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,980 | 11,342 | 11,717 | 12,103 | 12,503 | 12,915 | 13,341 | 13,782 | 14,237 | 14,706 | 15,192 | 15,693 | 16,211 | 16,746 | 17,298 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | 6,672 | |
Estimated Annual Property Taxes | 399 | 411 | 423 | 436 | 449 | 463 | 476 | 491 | 505 | 521 | 536 | 552 | 569 | 586 | 604 | |
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) | 7,743 | 7,775 | 7,808 | 7,842 | 7,878 | 7,914 | 7,951 | 7,989 | 8,029 | 8,070 | 8,111 | 8,155 | 8,199 | 8,245 | 8,292 | |
Annual Cash Flows | 3,237 | 3,567 | 3,908 | 4,261 | 4,625 | 5,002 | 5,391 | 5,792 | 6,208 | 6,637 | 7,080 | 7,538 | 8,012 | 8,501 | 9,006 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 88 | 454 | 469 | 484 | 500 | 517 | 534 | 551 | 569 | 588 | 608 | 628 | 648 | 670 | 692 | |
Maintenance & Repairs | 0 | 851 | 879 | 908 | 938 | 969 | 1,001 | 1,034 | 1,068 | 1,103 | 1,139 | 1,177 | 1,216 | 1,256 | 1,297 | |
Tenant Placement Credit | -458 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 458 | 200 | 200 | 504 | 200 | 200 | 200 | 574 | 200 | 200 | 200 | 654 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 88 | 1,504 | 1,547 | 1,896 | 1,638 | 1,685 | 1,734 | 2,159 | 1,837 | 1,891 | 1,947 | 2,459 | 2,064 | 2,126 | 2,189 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -28,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,149 | 2,063 | 2,361 | 2,365 | 2,987 | 3,316 | 3,656 | 3,633 | 4,371 | 4,746 | 5,133 | 5,080 | 5,947 | 6,375 | 6,817 | |
Tax Savings | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | -12,220 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,893 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,094 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,439 | |
Total Capital In/Out | -30,617 | 3,372 | 3,670 | 3,674 | 4,297 | 4,626 | 4,966 | 4,943 | 5,680 | 6,055 | 6,442 | 6,389 | 7,257 | 7,684 | 169,720 | |
Total Return On Investment (IRR) | 21.27% |