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 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | 8,886 | |
Estimated Annual Property Taxes | 998 | 1,028 | 1,059 | 1,091 | 1,123 | 1,157 | 1,192 | 1,227 | 1,264 | 1,302 | 1,341 | 1,381 | 1,423 | 1,466 | 1,510 | |
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) | 10,556 | 10,606 | 10,657 | 10,710 | 10,765 | 10,822 | 10,880 | 10,940 | 11,001 | 11,065 | 11,130 | 11,197 | 11,267 | 11,338 | 11,412 | |
Annual Cash Flows | 4,444 | 4,889 | 5,349 | 5,824 | 6,315 | 6,822 | 7,346 | 7,888 | 8,448 | 9,026 | 9,624 | 10,241 | 10,879 | 11,539 | 12,220 | |
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 | 4,324 | 2,907 | 3,308 | 3,234 | 4,151 | 4,593 | 5,050 | 4,938 | 6,011 | 6,516 | 7,037 | 6,883 | 8,133 | 8,708 | 9,302 | |
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 | 32,147 | |
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 | -39,436 | 4,697 | 5,097 | 5,023 | 5,940 | 6,382 | 6,840 | 6,728 | 7,800 | 8,305 | 8,826 | 8,672 | 9,922 | 10,497 | 232,784 | |
Total Return On Investment (IRR) | 22.21% |