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 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | 7,572 | |
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) | 8,747 | 8,782 | 8,818 | 8,855 | 8,894 | 8,934 | 8,975 | 9,017 | 9,060 | 9,105 | 9,151 | 9,198 | 9,247 | 9,297 | 9,349 | |
Annual Cash Flows | 3,553 | 3,924 | 4,307 | 4,703 | 5,112 | 5,534 | 5,971 | 6,422 | 6,888 | 7,370 | 7,867 | 8,382 | 8,913 | 9,462 | 10,029 | |
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 | 3,455 | 2,263 | 2,598 | 2,579 | 3,301 | 3,670 | 4,052 | 4,003 | 4,854 | 5,275 | 5,710 | 5,627 | 6,625 | 7,105 | 7,601 | |
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 | 27,393 | |
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 | -34,795 | 3,788 | 4,122 | 4,103 | 4,826 | 5,195 | 5,577 | 5,528 | 6,379 | 6,800 | 7,235 | 7,152 | 8,149 | 8,629 | 198,032 | |
Total Return On Investment (IRR) | 21.30% |