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 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | 9,912 | |
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) | 12,177 | 12,245 | 12,315 | 12,387 | 12,461 | 12,538 | 12,616 | 12,698 | 12,781 | 12,867 | 12,956 | 13,047 | 13,141 | 13,238 | 13,338 | |
Annual Cash Flows | 4,323 | 4,800 | 5,292 | 5,801 | 6,327 | 6,871 | 7,432 | 8,013 | 8,613 | 9,233 | 9,873 | 10,535 | 11,219 | 11,926 | 12,657 | |
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 | 4,191 | 2,640 | 3,067 | 2,952 | 3,966 | 4,439 | 4,927 | 4,768 | 5,952 | 6,491 | 7,048 | 6,841 | 8,218 | 8,832 | 9,468 | |
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 | 34,008 | |
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 | -42,814 | 4,585 | 5,012 | 4,897 | 5,911 | 6,384 | 6,872 | 6,713 | 7,897 | 8,436 | 8,993 | 8,786 | 10,163 | 10,777 | 251,470 | |
Total Return On Investment (IRR) | 21.41% |