Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,200 | 13,636 | 14,086 | 14,550 | 15,031 | 15,527 | 16,039 | 16,568 | 17,115 | 17,680 | 18,263 | 18,866 | 19,488 | 20,132 | 20,796 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | 6,988 | |
Estimated Annual Property Taxes | 1,033 | 1,064 | 1,096 | 1,129 | 1,163 | 1,198 | 1,233 | 1,270 | 1,309 | 1,348 | 1,388 | 1,430 | 1,473 | 1,517 | 1,563 | |
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) | 8,693 | 8,744 | 8,797 | 8,851 | 8,907 | 8,964 | 9,024 | 9,085 | 9,148 | 9,212 | 9,279 | 9,348 | 9,419 | 9,492 | 9,567 | |
Annual Cash Flows | 4,507 | 4,892 | 5,289 | 5,700 | 6,124 | 6,562 | 7,015 | 7,484 | 7,967 | 8,467 | 8,984 | 9,518 | 10,070 | 10,640 | 11,229 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 106 | 545 | 563 | 582 | 601 | 621 | 642 | 663 | 685 | 707 | 731 | 755 | 780 | 805 | 832 | |
Maintenance & Repairs | 0 | 1,023 | 1,056 | 1,091 | 1,127 | 1,164 | 1,203 | 1,243 | 1,284 | 1,326 | 1,370 | 1,415 | 1,462 | 1,510 | 1,560 | |
Tenant Placement Credit | -550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 550 | 200 | 200 | 606 | 200 | 200 | 200 | 690 | 200 | 200 | 200 | 786 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 106 | 1,768 | 1,820 | 2,280 | 1,929 | 1,986 | 2,044 | 2,596 | 2,168 | 2,233 | 2,300 | 2,956 | 2,441 | 2,515 | 2,592 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,402 | 3,124 | 3,469 | 3,420 | 4,195 | 4,577 | 4,971 | 4,888 | 5,799 | 6,234 | 6,684 | 6,562 | 7,629 | 8,125 | 8,638 | |
Tax Savings | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | -13,845 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,119 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,054 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,955 | |
Total Capital In/Out | -32,990 | 4,607 | 4,953 | 4,903 | 5,679 | 6,060 | 6,454 | 6,371 | 7,283 | 7,718 | 8,167 | 8,046 | 9,112 | 9,608 | 195,386 | |
Total Return On Investment (IRR) | 23.58% |