Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,740 | 17,292 | 17,863 | 18,453 | 19,061 | 19,691 | 20,340 | 21,012 | 21,705 | 22,421 | 23,161 | 23,925 | 24,715 | 25,531 | 26,373 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | |
Estimated Annual Property Taxes | 1,208 | 1,244 | 1,282 | 1,320 | 1,360 | 1,400 | 1,442 | 1,486 | 1,530 | 1,576 | 1,623 | 1,672 | 1,722 | 1,774 | 1,827 | |
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) | 12,055 | 12,111 | 12,169 | 12,229 | 12,291 | 12,354 | 12,419 | 12,487 | 12,556 | 12,628 | 12,701 | 12,777 | 12,855 | 12,935 | 13,018 | |
Annual Cash Flows | 4,685 | 5,181 | 5,694 | 6,224 | 6,771 | 7,337 | 7,921 | 8,525 | 9,149 | 9,794 | 10,460 | 11,148 | 11,860 | 12,595 | 13,355 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 134 | 692 | 715 | 738 | 762 | 788 | 814 | 840 | 868 | 897 | 926 | 957 | 989 | 1,021 | 1,055 | |
Maintenance & Repairs | 0 | 1,297 | 1,340 | 1,384 | 1,430 | 1,477 | 1,526 | 1,576 | 1,628 | 1,682 | 1,737 | 1,794 | 1,854 | 1,915 | 1,978 | |
Tenant Placement Credit | -698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 698 | 200 | 200 | 769 | 200 | 200 | 200 | 875 | 200 | 200 | 200 | 997 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 134 | 2,189 | 2,254 | 2,891 | 2,392 | 2,464 | 2,539 | 3,292 | 2,696 | 2,778 | 2,864 | 3,748 | 3,042 | 3,136 | 3,233 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -43,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,552 | 2,993 | 3,440 | 3,333 | 4,379 | 4,872 | 5,382 | 5,233 | 6,453 | 7,015 | 7,596 | 7,400 | 8,818 | 9,459 | 10,122 | |
Tax Savings | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | -18,634 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,910 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228,884 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,318 | |
Total Capital In/Out | -43,527 | 4,989 | 5,436 | 5,329 | 6,375 | 6,869 | 7,378 | 7,230 | 8,449 | 9,012 | 9,593 | 9,397 | 10,814 | 11,456 | 258,538 | |
Total Return On Investment (IRR) | 21.99% |