Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | 7,096 | |
Estimated Annual Property Taxes | 562 | 579 | 596 | 614 | 633 | 652 | 671 | 691 | 712 | 733 | 755 | 778 | 801 | 825 | 850 | |
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) | 8,330 | 8,367 | 8,405 | 8,444 | 8,485 | 8,526 | 8,569 | 8,613 | 8,659 | 8,706 | 8,754 | 8,804 | 8,855 | 8,908 | 8,962 | |
Annual Cash Flows | 4,270 | 4,649 | 5,040 | 5,445 | 5,863 | 6,295 | 6,741 | 7,202 | 7,678 | 8,170 | 8,679 | 9,205 | 9,748 | 10,309 | 10,888 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,875 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,170 | 2,952 | 3,294 | 3,269 | 4,013 | 4,390 | 4,780 | 4,724 | 5,599 | 6,030 | 6,474 | 6,383 | 7,408 | 7,899 | 8,406 | |
Tax Savings | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | 1,506 | -14,059 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,553 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 172,681 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,418 | |
Total Capital In/Out | -33,699 | 4,459 | 4,801 | 4,775 | 5,519 | 5,896 | 6,286 | 6,230 | 7,106 | 7,536 | 7,980 | 7,889 | 8,915 | 9,405 | 198,038 | |
Total Return On Investment (IRR) | 23.02% |