Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | 7,384 | |
Estimated Annual Property Taxes | 820 | 845 | 870 | 896 | 923 | 951 | 979 | 1,008 | 1,039 | 1,070 | 1,102 | 1,135 | 1,169 | 1,204 | 1,240 | |
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) | 8,876 | 8,921 | 8,967 | 9,014 | 9,063 | 9,113 | 9,165 | 9,219 | 9,274 | 9,331 | 9,389 | 9,449 | 9,511 | 9,575 | 9,641 | |
Annual Cash Flows | 3,724 | 4,095 | 4,479 | 4,875 | 5,284 | 5,707 | 6,145 | 6,596 | 7,063 | 7,546 | 8,044 | 8,559 | 9,092 | 9,642 | 10,210 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,623 | 2,398 | 2,732 | 2,699 | 3,434 | 3,803 | 4,184 | 4,119 | 4,984 | 5,405 | 5,839 | 5,738 | 6,752 | 7,232 | 7,727 | |
Tax Savings | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | -13,877 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,714 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,025 | |
Total Capital In/Out | -33,840 | 3,885 | 4,219 | 4,186 | 4,921 | 5,290 | 5,671 | 5,605 | 6,471 | 6,892 | 7,326 | 7,225 | 8,239 | 8,719 | 193,437 | |
Total Return On Investment (IRR) | 21.73% |