Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,700 | 12,086 | 12,485 | 12,897 | 13,323 | 13,762 | 14,216 | 14,685 | 15,170 | 15,671 | 16,188 | 16,722 | 17,274 | 17,844 | 18,433 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | |
Estimated Annual Property Taxes | 669 | 689 | 710 | 731 | 753 | 776 | 799 | 823 | 847 | 873 | 899 | 926 | 954 | 982 | 1,012 | |
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) | 7,913 | 7,954 | 7,995 | 8,038 | 8,082 | 8,127 | 8,173 | 8,222 | 8,271 | 8,322 | 8,374 | 8,429 | 8,484 | 8,542 | 8,601 | |
Annual Cash Flows | 3,787 | 4,133 | 4,490 | 4,859 | 5,241 | 5,635 | 6,043 | 6,464 | 6,899 | 7,349 | 7,813 | 8,294 | 8,790 | 9,302 | 9,832 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 94 | 483 | 499 | 516 | 533 | 550 | 569 | 587 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | |
Maintenance & Repairs | 0 | 906 | 936 | 967 | 999 | 1,032 | 1,066 | 1,101 | 1,138 | 1,175 | 1,214 | 1,254 | 1,296 | 1,338 | 1,382 | |
Tenant Placement Credit | -488 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 488 | 200 | 200 | 537 | 200 | 200 | 200 | 612 | 200 | 200 | 200 | 697 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 94 | 1,590 | 1,636 | 2,021 | 1,732 | 1,783 | 1,835 | 2,301 | 1,945 | 2,002 | 2,062 | 2,620 | 2,186 | 2,252 | 2,320 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -30,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,693 | 2,543 | 2,854 | 2,839 | 3,509 | 3,853 | 4,208 | 4,163 | 4,955 | 5,347 | 5,752 | 5,674 | 6,603 | 7,050 | 7,512 | |
Tax Savings | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | -13,022 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,447 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159,943 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,174 | |
Total Capital In/Out | -31,862 | 3,938 | 4,249 | 4,234 | 4,904 | 5,248 | 5,603 | 5,558 | 6,350 | 6,742 | 7,147 | 7,069 | 7,998 | 8,445 | 183,156 | |
Total Return On Investment (IRR) | 22.29% |