Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,600 | 16,115 | 16,647 | 17,196 | 17,763 | 18,350 | 18,955 | 19,581 | 20,227 | 20,894 | 21,584 | 22,296 | 23,032 | 23,792 | 24,577 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | 9,486 | |
Estimated Annual Property Taxes | 675 | 695 | 716 | 738 | 760 | 783 | 806 | 830 | 855 | 881 | 907 | 934 | 962 | 991 | 1,021 | |
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) | 10,833 | 10,873 | 10,915 | 10,958 | 11,002 | 11,047 | 11,094 | 11,142 | 11,192 | 11,243 | 11,296 | 11,350 | 11,406 | 11,464 | 11,523 | |
Annual Cash Flows | 4,767 | 5,242 | 5,732 | 6,238 | 6,762 | 7,302 | 7,861 | 8,438 | 9,035 | 9,651 | 10,288 | 10,946 | 11,626 | 12,328 | 13,054 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 125 | 645 | 666 | 688 | 711 | 734 | 758 | 783 | 809 | 836 | 863 | 892 | 921 | 952 | 983 | |
Maintenance & Repairs | 0 | 1,209 | 1,248 | 1,290 | 1,332 | 1,376 | 1,422 | 1,469 | 1,517 | 1,567 | 1,619 | 1,672 | 1,727 | 1,784 | 1,843 | |
Tenant Placement Credit | -650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 650 | 200 | 200 | 716 | 200 | 200 | 200 | 816 | 200 | 200 | 200 | 929 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 125 | 2,053 | 2,114 | 2,694 | 2,243 | 2,310 | 2,380 | 3,068 | 2,526 | 2,603 | 2,682 | 3,493 | 2,849 | 2,936 | 3,026 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -40,625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,625 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,642 | 3,188 | 3,617 | 3,544 | 4,519 | 4,992 | 5,481 | 5,371 | 6,509 | 7,048 | 7,606 | 7,453 | 8,777 | 9,392 | 10,027 | |
Tax Savings | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | 1,861 | -17,373 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,546 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 213,388 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,589 | |
Total Capital In/Out | -40,621 | 5,050 | 5,479 | 5,406 | 6,380 | 6,853 | 7,343 | 7,232 | 8,370 | 8,910 | 9,467 | 9,314 | 10,638 | 11,253 | 241,626 | |
Total Return On Investment (IRR) | 22.66% |