Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | 8,942 | |
Estimated Annual Property Taxes | 766 | 789 | 813 | 837 | 862 | 888 | 915 | 942 | 970 | 999 | 1,029 | 1,060 | 1,092 | 1,125 | 1,159 | |
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) | 10,380 | 10,424 | 10,468 | 10,514 | 10,561 | 10,610 | 10,660 | 10,711 | 10,764 | 10,819 | 10,875 | 10,933 | 10,993 | 11,054 | 11,118 | |
Annual Cash Flows | 4,620 | 5,071 | 5,538 | 6,021 | 6,519 | 7,034 | 7,567 | 8,116 | 8,685 | 9,272 | 9,879 | 10,505 | 11,153 | 11,823 | 12,514 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,300 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,500 | 3,089 | 3,498 | 3,430 | 4,355 | 4,805 | 5,271 | 5,167 | 6,248 | 6,761 | 7,292 | 7,147 | 8,406 | 8,992 | 9,596 | |
Tax Savings | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | -16,806 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,353 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206,429 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,363 | |
Total Capital In/Out | -39,500 | 4,890 | 5,298 | 5,231 | 6,156 | 6,606 | 7,071 | 6,967 | 8,049 | 8,562 | 9,093 | 8,947 | 10,207 | 10,792 | 234,509 | |
Total Return On Investment (IRR) | 22.57% |