Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,140 | 19,772 | 20,424 | 21,098 | 21,794 | 22,514 | 23,256 | 24,024 | 24,817 | 25,636 | 26,482 | 27,356 | 28,258 | 29,191 | 30,154 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | 12,784 | |
Estimated Annual Property Taxes | 1,117 | 1,151 | 1,185 | 1,221 | 1,257 | 1,295 | 1,334 | 1,374 | 1,415 | 1,457 | 1,501 | 1,546 | 1,593 | 1,640 | 1,690 | |
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) | 14,573 | 14,627 | 14,682 | 14,739 | 14,797 | 14,858 | 14,920 | 14,984 | 15,050 | 15,118 | 15,188 | 15,260 | 15,335 | 15,411 | 15,490 | |
Annual Cash Flows | 4,567 | 5,145 | 5,742 | 6,359 | 6,997 | 7,656 | 8,336 | 9,040 | 9,767 | 10,518 | 11,294 | 12,095 | 12,924 | 13,780 | 14,664 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,025 | 1,059 | 1,094 | 1,130 | 1,168 | 1,206 | |
Maintenance & Repairs | 0 | 1,483 | 1,532 | 1,582 | 1,635 | 1,689 | 1,744 | 1,802 | 1,861 | 1,923 | 1,986 | 2,052 | 2,119 | 2,189 | 2,262 | |
Tenant Placement Credit | -798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 798 | 200 | 200 | 879 | 200 | 200 | 200 | 1,001 | 200 | 200 | 200 | 1,140 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,474 | 2,549 | 3,305 | 2,706 | 2,789 | 2,874 | 3,764 | 3,054 | 3,148 | 3,245 | 4,286 | 3,450 | 3,557 | 3,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -54,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54,750 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,414 | 2,671 | 3,193 | 3,054 | 4,291 | 4,867 | 5,462 | 5,276 | 6,713 | 7,369 | 8,048 | 7,810 | 9,474 | 10,223 | 10,996 | |
Tax Savings | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | -23,413 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,862 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 332,450 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50,658 | |
Total Capital In/Out | -54,327 | 5,180 | 5,702 | 5,563 | 6,799 | 7,375 | 7,970 | 7,785 | 9,221 | 9,878 | 10,557 | 10,318 | 11,983 | 12,731 | 367,988 | |
Total Return On Investment (IRR) | 21.46% |