Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,700 | 15,185 | 15,686 | 16,204 | 16,739 | 17,291 | 17,862 | 18,451 | 19,060 | 19,689 | 20,339 | 21,010 | 21,703 | 22,419 | 23,159 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | 8,527 | |
Estimated Annual Property Taxes | 943 | 971 | 1,000 | 1,030 | 1,061 | 1,093 | 1,126 | 1,160 | 1,195 | 1,230 | 1,267 | 1,305 | 1,344 | 1,385 | 1,426 | |
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) | 10,142 | 10,191 | 10,241 | 10,292 | 10,345 | 10,399 | 10,456 | 10,513 | 10,573 | 10,634 | 10,698 | 10,763 | 10,830 | 10,899 | 10,970 | |
Annual Cash Flows | 4,558 | 4,994 | 5,446 | 5,912 | 6,394 | 6,891 | 7,406 | 7,938 | 8,487 | 9,054 | 9,641 | 10,247 | 10,873 | 11,520 | 12,189 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 118 | 607 | 627 | 648 | 670 | 692 | 714 | 738 | 762 | 788 | 814 | 840 | 868 | 897 | 926 | |
Maintenance & Repairs | 0 | 1,139 | 1,176 | 1,215 | 1,255 | 1,297 | 1,340 | 1,384 | 1,429 | 1,477 | 1,525 | 1,576 | 1,628 | 1,681 | 1,737 | |
Tenant Placement Credit | -613 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 613 | 200 | 200 | 675 | 200 | 200 | 200 | 769 | 200 | 200 | 200 | 875 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 118 | 1,946 | 2,004 | 2,539 | 2,125 | 2,188 | 2,254 | 2,891 | 2,392 | 2,464 | 2,539 | 3,292 | 2,696 | 2,778 | 2,863 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,475 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,440 | 3,048 | 3,442 | 3,373 | 4,269 | 4,703 | 5,152 | 5,047 | 6,095 | 6,590 | 7,102 | 6,955 | 8,177 | 8,742 | 9,326 | |
Tax Savings | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | -16,026 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,850 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,843 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,674 | |
Total Capital In/Out | -37,818 | 4,765 | 5,159 | 5,090 | 5,986 | 6,420 | 6,869 | 6,764 | 7,812 | 8,307 | 8,819 | 8,672 | 9,894 | 10,459 | 223,794 | |
Total Return On Investment (IRR) | 22.70% |