Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,620 | 14,069 | 14,534 | 15,013 | 15,509 | 16,021 | 16,549 | 17,095 | 17,660 | 18,242 | 18,844 | 19,466 | 20,109 | 20,772 | 21,458 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | 7,958 | |
Estimated Annual Property Taxes | 942 | 970 | 999 | 1,029 | 1,060 | 1,092 | 1,125 | 1,159 | 1,193 | 1,229 | 1,266 | 1,304 | 1,343 | 1,383 | 1,425 | |
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) | 9,572 | 9,621 | 9,671 | 9,722 | 9,775 | 9,829 | 9,886 | 9,943 | 10,003 | 10,064 | 10,127 | 10,193 | 10,260 | 10,329 | 10,400 | |
Annual Cash Flows | 4,048 | 4,449 | 4,863 | 5,291 | 5,734 | 6,191 | 6,664 | 7,152 | 7,657 | 8,178 | 8,717 | 9,274 | 9,849 | 10,444 | 11,058 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 109 | 563 | 581 | 601 | 620 | 641 | 662 | 684 | 706 | 730 | 754 | 779 | 804 | 831 | 858 | |
Maintenance & Repairs | 0 | 1,055 | 1,090 | 1,126 | 1,163 | 1,202 | 1,241 | 1,282 | 1,324 | 1,368 | 1,413 | 1,460 | 1,508 | 1,558 | 1,609 | |
Tenant Placement Credit | -568 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 568 | 200 | 200 | 626 | 200 | 200 | 200 | 712 | 200 | 200 | 200 | 811 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 109 | 1,818 | 1,871 | 2,352 | 1,984 | 2,042 | 2,103 | 2,678 | 2,231 | 2,298 | 2,367 | 3,050 | 2,512 | 2,589 | 2,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,939 | 2,631 | 2,992 | 2,939 | 3,750 | 4,149 | 4,561 | 4,474 | 5,426 | 5,880 | 6,350 | 6,224 | 7,337 | 7,855 | 8,390 | |
Tax Savings | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | -14,957 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,792 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,711 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,361 | |
Total Capital In/Out | -35,934 | 4,233 | 4,594 | 4,542 | 5,353 | 5,751 | 6,163 | 6,076 | 7,028 | 7,483 | 7,952 | 7,826 | 8,939 | 9,457 | 208,551 | |
Total Return On Investment (IRR) | 22.03% |