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 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | 9,194 | |
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) | 10,971 | 11,024 | 11,079 | 11,136 | 11,194 | 11,254 | 11,316 | 11,379 | 11,445 | 11,512 | 11,582 | 11,654 | 11,727 | 11,803 | 11,882 | |
Annual Cash Flows | 4,149 | 4,595 | 5,055 | 5,531 | 6,023 | 6,531 | 7,056 | 7,599 | 8,160 | 8,739 | 9,338 | 9,956 | 10,596 | 11,256 | 11,939 | |
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 | 4,028 | 2,599 | 3,000 | 2,920 | 3,843 | 4,286 | 4,743 | 4,626 | 5,705 | 6,210 | 6,732 | 6,571 | 7,829 | 8,404 | 9,000 | |
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 | 31,545 | |
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 | -40,043 | 4,403 | 4,804 | 4,724 | 5,647 | 6,090 | 6,548 | 6,430 | 7,509 | 8,014 | 8,536 | 8,375 | 9,633 | 10,209 | 233,472 | |
Total Return On Investment (IRR) | 21.56% |