Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | |
Estimated Annual Property Taxes | 987 | 1,017 | 1,047 | 1,079 | 1,111 | 1,144 | 1,179 | 1,214 | 1,250 | 1,288 | 1,326 | 1,366 | 1,407 | 1,449 | 1,493 | |
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) | 8,571 | 8,621 | 8,672 | 8,725 | 8,779 | 8,835 | 8,893 | 8,953 | 9,014 | 9,077 | 9,142 | 9,209 | 9,278 | 9,349 | 9,422 | |
Annual Cash Flows | 3,729 | 4,085 | 4,453 | 4,833 | 5,226 | 5,632 | 6,052 | 6,486 | 6,934 | 7,398 | 7,876 | 8,371 | 8,882 | 9,410 | 9,956 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,025 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,630 | 2,424 | 2,744 | 2,709 | 3,416 | 3,769 | 4,134 | 4,067 | 4,900 | 5,303 | 5,719 | 5,617 | 6,594 | 7,053 | 7,528 | |
Tax Savings | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | -13,695 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,815 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,216 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,632 | |
Total Capital In/Out | -33,427 | 3,891 | 4,211 | 4,176 | 4,883 | 5,236 | 5,601 | 5,535 | 6,368 | 6,770 | 7,186 | 7,084 | 8,061 | 8,521 | 192,257 | |
Total Return On Investment (IRR) | 21.80% |