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 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | 9,299 | |
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) | 11,211 | 11,268 | 11,327 | 11,388 | 11,451 | 11,515 | 11,582 | 11,650 | 11,721 | 11,794 | 11,869 | 11,946 | 12,025 | 12,107 | 12,191 | |
Annual Cash Flows | 4,089 | 4,537 | 4,999 | 5,477 | 5,971 | 6,481 | 7,009 | 7,554 | 8,117 | 8,699 | 9,300 | 9,922 | 10,564 | 11,228 | 11,913 | |
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 | 3,967 | 2,519 | 2,922 | 2,835 | 3,767 | 4,212 | 4,671 | 4,545 | 5,635 | 6,142 | 6,666 | 6,496 | 7,766 | 8,344 | 8,941 | |
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 | 31,905 | |
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 | -40,534 | 4,344 | 4,746 | 4,659 | 5,592 | 6,036 | 6,495 | 6,370 | 7,460 | 7,967 | 8,491 | 8,321 | 9,591 | 10,169 | 235,979 | |
Total Return On Investment (IRR) | 21.37% |