Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 24,360 | 25,164 | 25,994 | 26,852 | 27,738 | 28,654 | 29,599 | 30,576 | 31,585 | 32,627 | 33,704 | 34,816 | 35,965 | 37,152 | 38,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | 14,272 | |
Estimated Annual Property Taxes | 1,817 | 1,872 | 1,928 | 1,985 | 2,045 | 2,106 | 2,170 | 2,235 | 2,302 | 2,371 | 2,442 | 2,515 | 2,591 | 2,668 | 2,748 | |
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) | 16,761 | 16,836 | 16,913 | 16,992 | 17,074 | 17,158 | 17,244 | 17,334 | 17,425 | 17,520 | 17,617 | 17,718 | 17,821 | 17,928 | 18,037 | |
Annual Cash Flows | 7,599 | 8,328 | 9,081 | 9,860 | 10,664 | 11,496 | 12,355 | 13,242 | 14,160 | 15,107 | 16,087 | 17,098 | 18,144 | 19,224 | 20,341 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 195 | 1,007 | 1,040 | 1,074 | 1,110 | 1,146 | 1,184 | 1,223 | 1,263 | 1,305 | 1,348 | 1,393 | 1,439 | 1,486 | 1,535 | |
Maintenance & Repairs | 0 | 1,887 | 1,950 | 2,014 | 2,080 | 2,149 | 2,220 | 2,293 | 2,369 | 2,447 | 2,528 | 2,611 | 2,697 | 2,786 | 2,878 | |
Tenant Placement Credit | -1,015 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 1,015 | 200 | 200 | 1,119 | 200 | 200 | 200 | 1,274 | 200 | 200 | 200 | 1,451 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 195 | 3,094 | 3,189 | 4,207 | 3,390 | 3,495 | 3,604 | 4,790 | 3,832 | 3,952 | 4,076 | 5,455 | 4,336 | 4,472 | 4,613 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -61,125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,125 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 7,404 | 5,234 | 5,892 | 5,653 | 7,275 | 8,001 | 8,751 | 8,452 | 10,327 | 11,155 | 12,011 | 11,644 | 13,808 | 14,752 | 15,727 | |
Tax Savings | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | 2,801 | -26,139 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,970 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 321,068 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -56,557 | |
Total Capital In/Out | -57,421 | 8,035 | 8,693 | 8,454 | 10,075 | 10,801 | 11,551 | 11,253 | 13,128 | 13,956 | 14,811 | 14,445 | 16,609 | 17,553 | 364,193 | |
Total Return On Investment (IRR) | 24.10% |