Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,940 | 12,334 | 12,741 | 13,161 | 13,596 | 14,044 | 14,508 | 14,987 | 15,481 | 15,992 | 16,520 | 17,065 | 17,628 | 18,210 | 18,811 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | |
Estimated Annual Property Taxes | 379 | 390 | 402 | 414 | 427 | 439 | 453 | 466 | 480 | 495 | 509 | 525 | 540 | 557 | 573 | |
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) | 8,214 | 8,246 | 8,278 | 8,312 | 8,346 | 8,382 | 8,418 | 8,456 | 8,495 | 8,534 | 8,576 | 8,618 | 8,662 | 8,707 | 8,753 | |
Annual Cash Flows | 3,726 | 4,088 | 4,463 | 4,850 | 5,250 | 5,663 | 6,090 | 6,531 | 6,987 | 7,458 | 7,944 | 8,447 | 8,967 | 9,503 | 10,058 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 96 | 493 | 510 | 526 | 544 | 562 | 580 | 599 | 619 | 640 | 661 | 683 | 705 | 728 | 752 | |
Maintenance & Repairs | 0 | 925 | 956 | 987 | 1,020 | 1,053 | 1,088 | 1,124 | 1,161 | 1,199 | 1,239 | 1,280 | 1,322 | 1,366 | 1,411 | |
Tenant Placement Credit | -498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 498 | 200 | 200 | 548 | 200 | 200 | 200 | 624 | 200 | 200 | 200 | 711 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 96 | 1,618 | 1,665 | 2,062 | 1,764 | 1,815 | 1,868 | 2,348 | 1,980 | 2,039 | 2,100 | 2,674 | 2,227 | 2,294 | 2,363 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -31,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,075 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,630 | 2,470 | 2,798 | 2,788 | 3,486 | 3,848 | 4,221 | 4,183 | 5,006 | 5,419 | 5,845 | 5,774 | 6,739 | 7,209 | 7,695 | |
Tax Savings | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | -13,289 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,237 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163,226 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,753 | |
Total Capital In/Out | -32,521 | 3,894 | 4,221 | 4,212 | 4,910 | 5,272 | 5,645 | 5,607 | 6,430 | 6,842 | 7,268 | 7,197 | 8,163 | 8,633 | 185,191 | |
Total Return On Investment (IRR) | 22.07% |