Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,140 | 19,772 | 20,424 | 21,098 | 21,794 | 22,514 | 23,256 | 24,024 | 24,817 | 25,636 | 26,482 | 27,356 | 28,258 | 29,191 | 30,154 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | 11,634 | |
Estimated Annual Property Taxes | 1,727 | 1,779 | 1,832 | 1,887 | 1,944 | 2,002 | 2,062 | 2,124 | 2,188 | 2,253 | 2,321 | 2,391 | 2,462 | 2,536 | 2,612 | |
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) | 14,033 | 14,105 | 14,179 | 14,255 | 14,334 | 14,415 | 14,498 | 14,584 | 14,673 | 14,764 | 14,858 | 14,955 | 15,054 | 15,157 | 15,263 | |
Annual Cash Flows | 5,107 | 5,667 | 6,245 | 6,843 | 7,460 | 8,099 | 8,758 | 9,440 | 10,144 | 10,872 | 11,624 | 12,401 | 13,204 | 14,034 | 14,891 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,025 | 1,059 | 1,094 | 1,130 | 1,168 | 1,206 | |
Maintenance & Repairs | 0 | 1,483 | 1,532 | 1,582 | 1,635 | 1,689 | 1,744 | 1,802 | 1,861 | 1,923 | 1,986 | 2,052 | 2,119 | 2,189 | 2,262 | |
Tenant Placement Credit | -798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 798 | 200 | 200 | 879 | 200 | 200 | 200 | 1,001 | 200 | 200 | 200 | 1,140 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,474 | 2,549 | 3,305 | 2,706 | 2,789 | 2,874 | 3,764 | 3,054 | 3,148 | 3,245 | 4,286 | 3,450 | 3,557 | 3,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -49,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,954 | 3,193 | 3,696 | 3,537 | 4,754 | 5,309 | 5,884 | 5,676 | 7,090 | 7,724 | 8,378 | 8,115 | 9,754 | 10,477 | 11,224 | |
Tax Savings | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | -21,307 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,917 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 261,713 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -46,101 | |
Total Capital In/Out | -49,088 | 5,476 | 5,979 | 5,820 | 7,037 | 7,592 | 8,166 | 7,959 | 9,373 | 10,006 | 10,661 | 10,398 | 12,037 | 12,760 | 295,270 | |
Total Return On Investment (IRR) | 21.86% |