Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,120 | 15,619 | 16,134 | 16,667 | 17,217 | 17,785 | 18,372 | 18,978 | 19,604 | 20,251 | 20,920 | 21,610 | 22,323 | 23,060 | 23,821 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | 8,499 | |
Estimated Annual Property Taxes | 1,105 | 1,138 | 1,172 | 1,207 | 1,244 | 1,281 | 1,319 | 1,359 | 1,400 | 1,442 | 1,485 | 1,530 | 1,575 | 1,623 | 1,671 | |
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) | 10,276 | 10,329 | 10,384 | 10,440 | 10,499 | 10,559 | 10,620 | 10,684 | 10,750 | 10,817 | 10,887 | 10,958 | 11,032 | 11,108 | 11,187 | |
Annual Cash Flows | 4,844 | 5,290 | 5,751 | 6,226 | 6,718 | 7,226 | 7,751 | 8,294 | 8,855 | 9,434 | 10,033 | 10,652 | 11,291 | 11,952 | 12,634 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 121 | 625 | 645 | 667 | 689 | 711 | 735 | 759 | 784 | 810 | 837 | 864 | 893 | 922 | 953 | |
Maintenance & Repairs | 0 | 1,171 | 1,210 | 1,250 | 1,291 | 1,334 | 1,378 | 1,423 | 1,470 | 1,519 | 1,569 | 1,621 | 1,674 | 1,729 | 1,787 | |
Tenant Placement Credit | -630 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 630 | 200 | 200 | 694 | 200 | 200 | 200 | 791 | 200 | 200 | 200 | 900 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 121 | 1,996 | 2,055 | 2,611 | 2,180 | 2,245 | 2,313 | 2,973 | 2,455 | 2,529 | 2,606 | 3,386 | 2,767 | 2,852 | 2,939 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,723 | 3,294 | 3,695 | 3,615 | 4,538 | 4,981 | 5,439 | 5,321 | 6,400 | 6,905 | 7,427 | 7,266 | 8,524 | 9,100 | 9,695 | |
Tax Savings | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | 1,804 | -16,838 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,199 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206,823 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,432 | |
Total Capital In/Out | -39,347 | 5,098 | 5,499 | 5,419 | 6,342 | 6,785 | 7,243 | 7,125 | 8,204 | 8,709 | 9,231 | 9,070 | 10,328 | 10,904 | 236,821 | |
Total Return On Investment (IRR) | 22.96% |