Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | 7,182 | |
Estimated Annual Property Taxes | 503 | 518 | 534 | 550 | 566 | 583 | 601 | 619 | 637 | 656 | 676 | 696 | 717 | 739 | 761 | |
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) | 8,357 | 8,392 | 8,429 | 8,466 | 8,504 | 8,544 | 8,585 | 8,627 | 8,670 | 8,715 | 8,761 | 8,808 | 8,857 | 8,908 | 8,959 | |
Annual Cash Flows | 3,943 | 4,314 | 4,697 | 5,092 | 5,501 | 5,924 | 6,360 | 6,811 | 7,278 | 7,759 | 8,257 | 8,771 | 9,302 | 9,851 | 10,419 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,275 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,275 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,845 | 2,652 | 2,987 | 2,968 | 3,691 | 4,060 | 4,442 | 4,393 | 5,244 | 5,665 | 6,100 | 6,017 | 7,014 | 7,494 | 7,990 | |
Tax Savings | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | 1,525 | -14,230 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,900 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 174,782 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,788 | |
Total Capital In/Out | -34,406 | 4,177 | 4,512 | 4,493 | 5,215 | 5,585 | 5,966 | 5,917 | 6,768 | 7,189 | 7,624 | 7,542 | 8,539 | 9,019 | 199,930 | |
Total Return On Investment (IRR) | 22.20% |