Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,500 | 17,045 | 17,607 | 18,188 | 18,788 | 19,408 | 20,049 | 20,710 | 21,394 | 22,100 | 22,829 | 23,582 | 24,361 | 25,164 | 25,995 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | 9,162 | |
Estimated Annual Property Taxes | 1,593 | 1,641 | 1,690 | 1,741 | 1,793 | 1,847 | 1,902 | 1,959 | 2,018 | 2,079 | 2,141 | 2,205 | 2,271 | 2,339 | 2,410 | |
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) | 11,427 | 11,495 | 11,565 | 11,637 | 11,712 | 11,788 | 11,867 | 11,948 | 12,032 | 12,118 | 12,206 | 12,298 | 12,392 | 12,489 | 12,588 | |
Annual Cash Flows | 5,073 | 5,549 | 6,042 | 6,551 | 7,077 | 7,620 | 8,182 | 8,762 | 9,362 | 9,982 | 10,623 | 11,285 | 11,969 | 12,676 | 13,407 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 132 | 682 | 704 | 728 | 752 | 776 | 802 | 828 | 856 | 884 | 913 | 943 | 974 | 1,007 | 1,040 | |
Maintenance & Repairs | 0 | 1,278 | 1,321 | 1,364 | 1,409 | 1,456 | 1,504 | 1,553 | 1,605 | 1,657 | 1,712 | 1,769 | 1,827 | 1,887 | 1,950 | |
Tenant Placement Credit | -688 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 688 | 200 | 200 | 758 | 200 | 200 | 200 | 863 | 200 | 200 | 200 | 983 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 132 | 2,160 | 2,225 | 2,849 | 2,361 | 2,432 | 2,506 | 3,245 | 2,660 | 2,741 | 2,825 | 3,695 | 3,001 | 3,094 | 3,189 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -42,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,941 | 3,389 | 3,817 | 3,701 | 4,716 | 5,188 | 5,676 | 5,518 | 6,702 | 7,241 | 7,797 | 7,590 | 8,967 | 9,582 | 10,217 | |
Tax Savings | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | 1,945 | -18,153 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,869 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222,975 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,277 | |
Total Capital In/Out | -42,064 | 5,334 | 5,762 | 5,646 | 6,661 | 7,133 | 7,621 | 7,463 | 8,647 | 9,186 | 9,742 | 9,535 | 10,912 | 11,527 | 255,080 | |
Total Return On Investment (IRR) | 22.82% |