Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,300 | 15,805 | 16,326 | 16,865 | 17,422 | 17,997 | 18,591 | 19,204 | 19,838 | 20,492 | 21,169 | 21,867 | 22,589 | 23,334 | 24,104 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | 7,754 | |
Estimated Annual Property Taxes | 954 | 983 | 1,012 | 1,042 | 1,074 | 1,106 | 1,139 | 1,173 | 1,208 | 1,245 | 1,282 | 1,321 | 1,360 | 1,401 | 1,443 | |
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) | 9,380 | 9,429 | 9,479 | 9,531 | 9,584 | 9,639 | 9,696 | 9,754 | 9,814 | 9,876 | 9,939 | 10,005 | 10,072 | 10,142 | 10,213 | |
Annual Cash Flows | 5,920 | 6,376 | 6,847 | 7,334 | 7,838 | 8,358 | 8,895 | 9,450 | 10,024 | 10,617 | 11,230 | 11,863 | 12,517 | 13,193 | 13,891 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 122 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | 933 | 964 | |
Maintenance & Repairs | 0 | 1,185 | 1,224 | 1,265 | 1,307 | 1,350 | 1,394 | 1,440 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | 1,750 | 1,808 | |
Tenant Placement Credit | -638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 638 | 200 | 200 | 703 | 200 | 200 | 200 | 800 | 200 | 200 | 200 | 911 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 122 | 2,018 | 2,078 | 2,642 | 2,204 | 2,270 | 2,338 | 3,009 | 2,481 | 2,557 | 2,634 | 3,426 | 2,798 | 2,883 | 2,972 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -35,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,798 | 4,359 | 4,770 | 4,692 | 5,634 | 6,088 | 6,557 | 6,442 | 7,543 | 8,060 | 8,595 | 8,437 | 9,719 | 10,309 | 10,919 | |
Tax Savings | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | -15,363 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,202 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,701 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,240 | |
Total Capital In/Out | -34,981 | 6,005 | 6,416 | 6,338 | 7,280 | 7,734 | 8,203 | 8,088 | 9,189 | 9,706 | 10,241 | 10,083 | 11,365 | 11,955 | 218,144 | |
Total Return On Investment (IRR) | 26.14% |