Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,300 | 15,805 | 16,326 | 16,865 | 17,422 | 17,997 | 18,591 | 19,204 | 19,838 | 20,492 | 21,169 | 21,867 | 22,589 | 23,334 | 24,104 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | 9,062 | |
Estimated Annual Property Taxes | 1,240 | 1,277 | 1,316 | 1,355 | 1,396 | 1,437 | 1,481 | 1,525 | 1,571 | 1,618 | 1,666 | 1,716 | 1,768 | 1,821 | 1,876 | |
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) | 10,974 | 11,031 | 11,090 | 11,151 | 11,214 | 11,278 | 11,345 | 11,413 | 11,484 | 11,557 | 11,632 | 11,709 | 11,788 | 11,870 | 11,954 | |
Annual Cash Flows | 4,326 | 4,774 | 5,236 | 5,714 | 6,208 | 6,718 | 7,246 | 7,791 | 8,354 | 8,936 | 9,537 | 10,159 | 10,801 | 11,465 | 12,150 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 122 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | 933 | 964 | |
Maintenance & Repairs | 0 | 1,185 | 1,224 | 1,265 | 1,307 | 1,350 | 1,394 | 1,440 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | 1,750 | 1,808 | |
Tenant Placement Credit | -638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 638 | 200 | 200 | 703 | 200 | 200 | 200 | 800 | 200 | 200 | 200 | 911 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 122 | 2,018 | 2,078 | 2,642 | 2,204 | 2,270 | 2,338 | 3,009 | 2,481 | 2,557 | 2,634 | 3,426 | 2,798 | 2,883 | 2,972 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,204 | 2,756 | 3,159 | 3,072 | 4,004 | 4,449 | 4,908 | 4,782 | 5,872 | 6,379 | 6,903 | 6,733 | 8,003 | 8,581 | 9,178 | |
Tax Savings | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | -17,031 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,785 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,186 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,849 | |
Total Capital In/Out | -40,297 | 4,581 | 4,983 | 4,896 | 5,829 | 6,273 | 6,732 | 6,607 | 7,697 | 8,204 | 8,728 | 8,558 | 9,828 | 10,406 | 237,095 | |
Total Return On Investment (IRR) | 21.83% |