Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,740 | 17,292 | 17,863 | 18,453 | 19,061 | 19,691 | 20,340 | 21,012 | 21,705 | 22,421 | 23,161 | 23,925 | 24,715 | 25,531 | 26,373 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | 9,915 | |
Estimated Annual Property Taxes | 1,597 | 1,645 | 1,694 | 1,745 | 1,797 | 1,851 | 1,907 | 1,964 | 2,023 | 2,084 | 2,146 | 2,211 | 2,277 | 2,345 | 2,416 | |
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) | 12,184 | 12,252 | 12,322 | 12,395 | 12,469 | 12,546 | 12,625 | 12,706 | 12,790 | 12,876 | 12,965 | 13,056 | 13,150 | 13,247 | 13,347 | |
Annual Cash Flows | 4,556 | 5,040 | 5,541 | 6,058 | 6,592 | 7,145 | 7,716 | 8,306 | 8,915 | 9,545 | 10,196 | 10,869 | 11,565 | 12,283 | 13,026 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 134 | 692 | 715 | 738 | 762 | 788 | 814 | 840 | 868 | 897 | 926 | 957 | 989 | 1,021 | 1,055 | |
Maintenance & Repairs | 0 | 1,297 | 1,340 | 1,384 | 1,430 | 1,477 | 1,526 | 1,576 | 1,628 | 1,682 | 1,737 | 1,794 | 1,854 | 1,915 | 1,978 | |
Tenant Placement Credit | -698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 698 | 200 | 200 | 769 | 200 | 200 | 200 | 875 | 200 | 200 | 200 | 997 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 134 | 2,189 | 2,254 | 2,891 | 2,392 | 2,464 | 2,539 | 3,292 | 2,696 | 2,778 | 2,864 | 3,748 | 3,042 | 3,136 | 3,233 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -43,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,422 | 2,851 | 3,286 | 3,167 | 4,200 | 4,680 | 5,177 | 5,014 | 6,219 | 6,767 | 7,333 | 7,121 | 8,522 | 9,147 | 9,793 | |
Tax Savings | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | -18,634 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,872 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228,884 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,318 | |
Total Capital In/Out | -43,657 | 4,848 | 5,283 | 5,164 | 6,197 | 6,677 | 7,173 | 7,010 | 8,216 | 8,763 | 9,329 | 9,118 | 10,519 | 11,144 | 259,171 | |
Total Return On Investment (IRR) | 21.70% |