Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | 7,287 | |
Estimated Annual Property Taxes | 864 | 890 | 917 | 944 | 972 | 1,002 | 1,032 | 1,063 | 1,094 | 1,127 | 1,161 | 1,196 | 1,232 | 1,269 | 1,307 | |
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) | 8,823 | 8,869 | 8,917 | 8,966 | 9,016 | 9,068 | 9,121 | 9,176 | 9,233 | 9,291 | 9,351 | 9,413 | 9,477 | 9,543 | 9,610 | |
Annual Cash Flows | 3,477 | 3,837 | 4,209 | 4,593 | 4,990 | 5,400 | 5,824 | 6,262 | 6,715 | 7,183 | 7,667 | 8,166 | 8,683 | 9,216 | 9,768 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,025 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,378 | 2,176 | 2,499 | 2,469 | 3,179 | 3,536 | 3,905 | 3,844 | 4,681 | 5,089 | 5,510 | 5,412 | 6,394 | 6,859 | 7,339 | |
Tax Savings | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | -13,695 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,364 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,216 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,632 | |
Total Capital In/Out | -33,679 | 3,643 | 3,966 | 3,936 | 4,647 | 5,004 | 5,373 | 5,311 | 6,148 | 6,556 | 6,977 | 6,879 | 7,862 | 8,326 | 190,617 | |
Total Return On Investment (IRR) | 21.22% |