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 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | 7,770 | |
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) | 8,945 | 8,980 | 9,016 | 9,054 | 9,092 | 9,132 | 9,173 | 9,215 | 9,258 | 9,303 | 9,349 | 9,396 | 9,445 | 9,495 | 9,547 | |
Annual Cash Flows | 3,355 | 3,726 | 4,109 | 4,505 | 4,914 | 5,336 | 5,773 | 6,224 | 6,690 | 7,172 | 7,669 | 8,184 | 8,715 | 9,264 | 9,831 | |
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 | 3,257 | 2,065 | 2,400 | 2,381 | 3,103 | 3,472 | 3,854 | 3,805 | 4,656 | 5,077 | 5,512 | 5,429 | 6,427 | 6,907 | 7,403 | |
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 | 26,658 | |
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 | -34,993 | 3,590 | 3,924 | 3,905 | 4,628 | 4,997 | 5,379 | 5,330 | 6,181 | 6,602 | 7,037 | 6,954 | 7,951 | 8,431 | 197,099 | |
Total Return On Investment (IRR) | 20.85% |