Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 17,400 | 17,974 | 18,567 | 19,180 | 19,813 | 20,467 | 21,142 | 21,840 | 22,561 | 23,305 | 24,074 | 24,869 | 25,689 | 26,537 | 27,413 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | 10,234 | |
Estimated Annual Property Taxes | 1,307 | 1,346 | 1,387 | 1,428 | 1,471 | 1,515 | 1,561 | 1,607 | 1,656 | 1,705 | 1,756 | 1,809 | 1,863 | 1,919 | 1,977 | |
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) | 12,213 | 12,272 | 12,333 | 12,396 | 12,461 | 12,528 | 12,597 | 12,668 | 12,741 | 12,816 | 12,893 | 12,973 | 13,055 | 13,140 | 13,227 | |
Annual Cash Flows | 5,187 | 5,702 | 6,234 | 6,784 | 7,352 | 7,939 | 8,545 | 9,172 | 9,820 | 10,489 | 11,181 | 11,895 | 12,634 | 13,397 | 14,186 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 139 | 719 | 743 | 767 | 793 | 819 | 846 | 874 | 902 | 932 | 963 | 995 | 1,028 | 1,061 | 1,097 | |
Maintenance & Repairs | 0 | 1,348 | 1,393 | 1,439 | 1,486 | 1,535 | 1,586 | 1,638 | 1,692 | 1,748 | 1,806 | 1,865 | 1,927 | 1,990 | 2,056 | |
Tenant Placement Credit | -725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 725 | 200 | 200 | 799 | 200 | 200 | 200 | 910 | 200 | 200 | 200 | 1,036 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 139 | 2,267 | 2,335 | 3,005 | 2,478 | 2,554 | 2,631 | 3,422 | 2,794 | 2,880 | 2,969 | 3,896 | 3,154 | 3,252 | 3,352 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -44,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,048 | 3,435 | 3,899 | 3,779 | 4,873 | 5,385 | 5,914 | 5,751 | 7,025 | 7,609 | 8,212 | 7,999 | 9,480 | 10,145 | 10,833 | |
Tax Savings | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | 2,061 | -19,233 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,025 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 236,237 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -41,614 | |
Total Capital In/Out | -44,366 | 5,496 | 5,959 | 5,840 | 6,934 | 7,446 | 7,975 | 7,811 | 9,086 | 9,670 | 10,273 | 10,060 | 11,540 | 12,206 | 268,223 | |
Total Return On Investment (IRR) | 22.68% |