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 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | 7,478 | |
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) | 9,014 | 9,060 | 9,107 | 9,156 | 9,206 | 9,258 | 9,312 | 9,367 | 9,423 | 9,482 | 9,542 | 9,604 | 9,668 | 9,733 | 9,801 | |
Annual Cash Flows | 3,286 | 3,646 | 4,018 | 4,402 | 4,799 | 5,210 | 5,634 | 6,072 | 6,525 | 6,993 | 7,476 | 7,976 | 8,492 | 9,026 | 9,577 | |
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 | 3,188 | 1,985 | 2,309 | 2,278 | 2,989 | 3,346 | 3,715 | 3,653 | 4,491 | 4,898 | 5,319 | 5,222 | 6,204 | 6,668 | 7,149 | |
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 | 25,656 | |
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 | -33,870 | 3,452 | 3,776 | 3,745 | 4,456 | 4,813 | 5,182 | 5,120 | 5,958 | 6,365 | 6,786 | 6,689 | 7,671 | 8,136 | 189,719 | |
Total Return On Investment (IRR) | 20.78% |