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 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | 9,036 | |
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) | 10,825 | 10,879 | 10,934 | 10,991 | 11,050 | 11,110 | 11,172 | 11,237 | 11,303 | 11,371 | 11,441 | 11,513 | 11,587 | 11,663 | 11,742 | |
Annual Cash Flows | 4,715 | 5,174 | 5,648 | 6,139 | 6,645 | 7,169 | 7,710 | 8,269 | 8,846 | 9,443 | 10,060 | 10,698 | 11,356 | 12,037 | 12,740 | |
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 | 4,590 | 3,128 | 3,541 | 3,455 | 4,410 | 4,867 | 5,338 | 5,213 | 6,329 | 6,850 | 7,388 | 7,218 | 8,518 | 9,111 | 9,725 | |
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 | 31,004 | |
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 | -38,836 | 4,901 | 5,315 | 5,228 | 6,183 | 6,640 | 7,111 | 6,986 | 8,103 | 8,623 | 9,161 | 8,991 | 10,291 | 10,885 | 230,349 | |
Total Return On Investment (IRR) | 22.77% |