Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,800 | 17,354 | 17,927 | 18,519 | 19,130 | 19,761 | 20,413 | 21,087 | 21,783 | 22,502 | 23,244 | 24,011 | 24,804 | 25,622 | 26,468 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | 8,310 | |
Estimated Annual Property Taxes | 1,913 | 1,970 | 2,030 | 2,090 | 2,153 | 2,218 | 2,284 | 2,353 | 2,423 | 2,496 | 2,571 | 2,648 | 2,727 | 2,809 | 2,894 | |
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) | 10,895 | 10,972 | 11,052 | 11,134 | 11,219 | 11,306 | 11,396 | 11,489 | 11,584 | 11,683 | 11,784 | 11,888 | 11,995 | 12,106 | 12,220 | |
Annual Cash Flows | 5,905 | 6,382 | 6,875 | 7,384 | 7,911 | 8,455 | 9,017 | 9,598 | 10,198 | 10,819 | 11,460 | 12,123 | 12,808 | 13,516 | 14,248 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 134 | 694 | 717 | 741 | 765 | 790 | 817 | 843 | 871 | 900 | 930 | 960 | 992 | 1,025 | 1,059 | |
Maintenance & Repairs | 0 | 1,302 | 1,345 | 1,389 | 1,435 | 1,482 | 1,531 | 1,582 | 1,634 | 1,688 | 1,743 | 1,801 | 1,860 | 1,922 | 1,985 | |
Tenant Placement Credit | -700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 700 | 200 | 200 | 772 | 200 | 200 | 200 | 879 | 200 | 200 | 200 | 1,000 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 134 | 2,196 | 2,262 | 2,901 | 2,400 | 2,473 | 2,548 | 3,304 | 2,705 | 2,788 | 2,873 | 3,762 | 3,052 | 3,147 | 3,244 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -38,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,500 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,771 | 4,186 | 4,613 | 4,483 | 5,511 | 5,982 | 6,469 | 6,294 | 7,493 | 8,031 | 8,587 | 8,361 | 9,756 | 10,370 | 11,004 | |
Tax Savings | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | 1,764 | -16,464 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,439 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 202,227 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,623 | |
Total Capital In/Out | -37,465 | 5,950 | 6,377 | 6,247 | 7,275 | 7,746 | 8,233 | 8,058 | 9,257 | 9,795 | 10,351 | 10,125 | 11,520 | 12,134 | 233,083 | |
Total Return On Investment (IRR) | 25.20% |