Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,860 | 20,515 | 21,192 | 21,892 | 22,614 | 23,360 | 24,131 | 24,928 | 25,750 | 26,600 | 27,478 | 28,385 | 29,321 | 30,289 | 31,288 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | 12,072 | |
Estimated Annual Property Taxes | 1,160 | 1,195 | 1,231 | 1,268 | 1,306 | 1,345 | 1,385 | 1,427 | 1,469 | 1,514 | 1,559 | 1,606 | 1,654 | 1,703 | 1,755 | |
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) | 13,904 | 13,959 | 14,015 | 14,074 | 14,134 | 14,195 | 14,259 | 14,325 | 14,392 | 14,462 | 14,534 | 14,608 | 14,684 | 14,762 | 14,843 | |
Annual Cash Flows | 5,956 | 6,557 | 7,177 | 7,818 | 8,481 | 9,165 | 9,872 | 10,603 | 11,358 | 12,138 | 12,944 | 13,777 | 14,638 | 15,527 | 16,446 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 159 | 821 | 848 | 876 | 905 | 934 | 965 | 997 | 1,030 | 1,064 | 1,099 | 1,135 | 1,173 | 1,212 | 1,252 | |
Maintenance & Repairs | 0 | 1,539 | 1,589 | 1,642 | 1,696 | 1,752 | 1,810 | 1,870 | 1,931 | 1,995 | 2,061 | 2,129 | 2,199 | 2,272 | 2,347 | |
Tenant Placement Credit | -828 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 828 | 200 | 200 | 912 | 200 | 200 | 200 | 1,039 | 200 | 200 | 200 | 1,183 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 159 | 2,559 | 2,637 | 3,430 | 2,801 | 2,886 | 2,975 | 3,905 | 3,161 | 3,259 | 3,360 | 4,447 | 3,572 | 3,683 | 3,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -51,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,797 | 3,997 | 4,540 | 4,388 | 5,680 | 6,278 | 6,897 | 6,697 | 8,197 | 8,879 | 9,584 | 9,330 | 11,066 | 11,844 | 12,647 | |
Tax Savings | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | 2,369 | -22,109 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,419 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 271,561 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -47,836 | |
Total Capital In/Out | -50,034 | 6,366 | 6,909 | 6,757 | 8,049 | 8,647 | 9,266 | 9,066 | 10,565 | 11,248 | 11,953 | 11,699 | 13,434 | 14,212 | 307,383 | |
Total Return On Investment (IRR) | 23.05% |