Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | 5,898 | |
Estimated Annual Property Taxes | 375 | 386 | 398 | 410 | 422 | 435 | 448 | 461 | 475 | 489 | 504 | 519 | 535 | 551 | 567 | |
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) | 6,945 | 6,976 | 7,009 | 7,042 | 7,076 | 7,112 | 7,148 | 7,185 | 7,224 | 7,264 | 7,305 | 7,347 | 7,391 | 7,435 | 7,481 | |
Annual Cash Flows | 3,555 | 3,870 | 4,196 | 4,532 | 4,880 | 5,239 | 5,610 | 5,994 | 6,390 | 6,800 | 7,223 | 7,660 | 8,112 | 8,578 | 9,061 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,471 | 2,423 | 2,707 | 2,719 | 3,305 | 3,619 | 3,943 | 3,929 | 4,624 | 4,982 | 5,352 | 5,309 | 6,129 | 6,537 | 6,958 | |
Tax Savings | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | 1,252 | -11,685 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,733 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 143,528 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,283 | |
Total Capital In/Out | -29,102 | 3,675 | 3,959 | 3,971 | 4,557 | 4,871 | 5,195 | 5,181 | 5,876 | 6,234 | 6,604 | 6,561 | 7,381 | 7,789 | 164,576 | |
Total Return On Investment (IRR) | 22.38% |