Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,540 | 16,053 | 16,583 | 17,130 | 17,695 | 18,279 | 18,882 | 19,505 | 20,149 | 20,814 | 21,501 | 22,210 | 22,943 | 23,700 | 24,482 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | 8,806 | |
Estimated Annual Property Taxes | 1,117 | 1,151 | 1,185 | 1,221 | 1,257 | 1,295 | 1,334 | 1,374 | 1,415 | 1,457 | 1,501 | 1,546 | 1,593 | 1,640 | 1,690 | |
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) | 10,595 | 10,649 | 10,704 | 10,761 | 10,820 | 10,880 | 10,942 | 11,006 | 11,072 | 11,140 | 11,210 | 11,282 | 11,357 | 11,433 | 11,512 | |
Annual Cash Flows | 4,945 | 5,404 | 5,879 | 6,369 | 6,876 | 7,399 | 7,940 | 8,499 | 9,077 | 9,674 | 10,291 | 10,928 | 11,587 | 12,267 | 12,970 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 124 | 642 | 663 | 685 | 708 | 731 | 755 | 780 | 806 | 833 | 860 | 888 | 918 | 948 | 979 | |
Maintenance & Repairs | 0 | 1,204 | 1,244 | 1,285 | 1,327 | 1,371 | 1,416 | 1,463 | 1,511 | 1,561 | 1,613 | 1,666 | 1,721 | 1,778 | 1,836 | |
Tenant Placement Credit | -648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 648 | 200 | 200 | 714 | 200 | 200 | 200 | 813 | 200 | 200 | 200 | 925 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 124 | 2,046 | 2,107 | 2,684 | 2,235 | 2,302 | 2,371 | 3,056 | 2,517 | 2,594 | 2,673 | 3,480 | 2,838 | 2,926 | 3,015 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -38,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,821 | 3,358 | 3,772 | 3,685 | 4,641 | 5,097 | 5,569 | 5,443 | 6,560 | 7,080 | 7,618 | 7,448 | 8,748 | 9,342 | 9,955 | |
Tax Savings | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | 1,773 | -16,550 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,859 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 203,277 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,808 | |
Total Capital In/Out | -38,606 | 5,131 | 5,545 | 5,458 | 6,414 | 6,870 | 7,342 | 7,216 | 8,333 | 8,853 | 9,391 | 9,221 | 10,521 | 11,115 | 231,434 | |
Total Return On Investment (IRR) | 23.26% |