Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,220 | 11,590 | 11,973 | 12,368 | 12,776 | 13,198 | 13,633 | 14,083 | 14,548 | 15,028 | 15,524 | 16,036 | 16,565 | 17,112 | 17,677 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | 6,302 | |
Estimated Annual Property Taxes | 681 | 701 | 722 | 744 | 766 | 789 | 813 | 838 | 863 | 889 | 915 | 943 | 971 | 1,000 | 1,030 | |
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) | 7,655 | 7,696 | 7,738 | 7,781 | 7,825 | 7,871 | 7,918 | 7,966 | 8,016 | 8,068 | 8,121 | 8,175 | 8,232 | 8,289 | 8,349 | |
Annual Cash Flows | 3,565 | 3,894 | 4,235 | 4,587 | 4,951 | 5,327 | 5,715 | 6,117 | 6,531 | 6,960 | 7,403 | 7,861 | 8,334 | 8,822 | 9,328 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 90 | 464 | 479 | 495 | 511 | 528 | 545 | 563 | 582 | 601 | 621 | 641 | 663 | 684 | 707 | |
Maintenance & Repairs | 0 | 869 | 898 | 928 | 958 | 990 | 1,022 | 1,056 | 1,091 | 1,127 | 1,164 | 1,203 | 1,242 | 1,283 | 1,326 | |
Tenant Placement Credit | -468 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 468 | 200 | 200 | 515 | 200 | 200 | 200 | 587 | 200 | 200 | 200 | 668 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 90 | 1,533 | 1,577 | 1,938 | 1,669 | 1,718 | 1,768 | 2,206 | 1,873 | 1,928 | 1,985 | 2,512 | 2,105 | 2,168 | 2,233 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,475 | 2,361 | 2,658 | 2,649 | 3,281 | 3,609 | 3,947 | 3,910 | 4,658 | 5,032 | 5,418 | 5,348 | 6,229 | 6,655 | 7,095 | |
Tax Savings | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | 1,338 | -12,487 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,361 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153,377 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,018 | |
Total Capital In/Out | -30,887 | 3,699 | 3,996 | 3,987 | 4,619 | 4,947 | 5,285 | 5,248 | 5,996 | 6,370 | 6,756 | 6,686 | 7,567 | 7,992 | 175,528 | |
Total Return On Investment (IRR) | 21.96% |