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 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | 9,118 | |
Estimated Annual Property Taxes | 1,169 | 1,204 | 1,240 | 1,277 | 1,316 | 1,355 | 1,396 | 1,438 | 1,481 | 1,525 | 1,571 | 1,618 | 1,667 | 1,717 | 1,768 | |
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) | 10,959 | 11,014 | 11,071 | 11,130 | 11,190 | 11,252 | 11,316 | 11,382 | 11,450 | 11,520 | 11,592 | 11,666 | 11,743 | 11,822 | 11,903 | |
Annual Cash Flows | 4,041 | 4,481 | 4,935 | 5,405 | 5,890 | 6,392 | 6,910 | 7,445 | 7,999 | 8,571 | 9,162 | 9,772 | 10,403 | 11,055 | 11,729 | |
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 | 3,921 | 2,499 | 2,894 | 2,814 | 3,726 | 4,163 | 4,614 | 4,496 | 5,562 | 6,060 | 6,575 | 6,413 | 7,656 | 8,224 | 8,811 | |
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 | 31,284 | |
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 | -39,840 | 4,288 | 4,684 | 4,604 | 5,515 | 5,952 | 6,403 | 6,285 | 7,351 | 7,849 | 8,364 | 8,203 | 9,446 | 10,014 | 231,431 | |
Total Return On Investment (IRR) | 21.38% |