Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | 8,428 | |
Estimated Annual Property Taxes | 1,164 | 1,199 | 1,235 | 1,272 | 1,310 | 1,349 | 1,390 | 1,432 | 1,475 | 1,519 | 1,564 | 1,611 | 1,660 | 1,709 | 1,761 | |
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) | 10,264 | 10,320 | 10,376 | 10,435 | 10,495 | 10,557 | 10,621 | 10,687 | 10,754 | 10,824 | 10,896 | 10,970 | 11,046 | 11,125 | 11,206 | |
Annual Cash Flows | 4,736 | 5,175 | 5,630 | 6,100 | 6,585 | 7,087 | 7,605 | 8,141 | 8,695 | 9,267 | 9,858 | 10,469 | 11,100 | 11,752 | 12,426 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,050 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,616 | 3,194 | 3,589 | 3,509 | 4,421 | 4,858 | 5,309 | 5,191 | 6,258 | 6,756 | 7,271 | 7,110 | 8,353 | 8,921 | 9,508 | |
Tax Savings | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | 1,789 | -16,699 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,916 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 205,116 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,132 | |
Total Capital In/Out | -39,145 | 4,983 | 5,379 | 5,299 | 6,210 | 6,647 | 7,099 | 6,981 | 8,047 | 8,545 | 9,060 | 8,899 | 10,142 | 10,710 | 234,760 | |
Total Return On Investment (IRR) | 22.78% |