Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | 8,056 | |
Estimated Annual Property Taxes | 410 | 422 | 435 | 448 | 461 | 475 | 490 | 504 | 519 | 535 | 551 | 568 | 585 | 602 | 620 | |
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) | 9,138 | 9,171 | 9,204 | 9,238 | 9,274 | 9,310 | 9,348 | 9,387 | 9,427 | 9,468 | 9,510 | 9,554 | 9,599 | 9,645 | 9,693 | |
Annual Cash Flows | 5,202 | 5,643 | 6,098 | 6,569 | 7,055 | 7,557 | 8,076 | 8,612 | 9,166 | 9,739 | 10,330 | 10,941 | 11,573 | 12,225 | 12,899 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,087 | 3,739 | 4,138 | 4,092 | 4,977 | 5,417 | 5,872 | 5,792 | 6,828 | 7,330 | 7,849 | 7,730 | 8,938 | 9,510 | 10,101 | |
Tax Savings | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | -15,962 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,418 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,055 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,535 | |
Total Capital In/Out | -37,028 | 5,449 | 5,848 | 5,802 | 6,687 | 7,127 | 7,582 | 7,503 | 8,538 | 9,040 | 9,559 | 9,441 | 10,648 | 11,220 | 225,402 | |
Total Return On Investment (IRR) | 24.26% |