Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,400 | 11,776 | 12,165 | 12,566 | 12,981 | 13,409 | 13,852 | 14,309 | 14,781 | 15,269 | 15,773 | 16,293 | 16,831 | 17,386 | 17,960 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | 6,405 | |
Estimated Annual Property Taxes | 605 | 623 | 642 | 661 | 681 | 701 | 722 | 744 | 766 | 789 | 813 | 837 | 863 | 888 | 915 | |
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) | 7,682 | 7,720 | 7,760 | 7,800 | 7,842 | 7,885 | 7,930 | 7,976 | 8,023 | 8,071 | 8,121 | 8,173 | 8,226 | 8,280 | 8,337 | |
Annual Cash Flows | 3,718 | 4,056 | 4,405 | 4,766 | 5,139 | 5,524 | 5,922 | 6,333 | 6,758 | 7,198 | 7,652 | 8,121 | 8,605 | 9,106 | 9,624 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 91 | 471 | 487 | 503 | 519 | 536 | 554 | 572 | 591 | 611 | 631 | 652 | 673 | 695 | 718 | |
Maintenance & Repairs | 0 | 883 | 912 | 942 | 974 | 1,006 | 1,039 | 1,073 | 1,109 | 1,145 | 1,183 | 1,222 | 1,262 | 1,304 | 1,347 | |
Tenant Placement Credit | -475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 475 | 200 | 200 | 524 | 200 | 200 | 200 | 596 | 200 | 200 | 200 | 679 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 91 | 1,554 | 1,599 | 1,969 | 1,693 | 1,742 | 1,793 | 2,242 | 1,900 | 1,956 | 2,014 | 2,553 | 2,136 | 2,199 | 2,265 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,675 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,627 | 2,502 | 2,806 | 2,797 | 3,446 | 3,782 | 4,129 | 4,092 | 4,859 | 5,242 | 5,638 | 5,568 | 6,470 | 6,907 | 7,358 | |
Tax Savings | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | -12,690 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,774 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,872 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,457 | |
Total Capital In/Out | -31,189 | 3,861 | 4,166 | 4,157 | 4,806 | 5,142 | 5,489 | 5,451 | 6,218 | 6,601 | 6,997 | 6,928 | 7,829 | 8,266 | 178,532 | |
Total Return On Investment (IRR) | 22.28% |