Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,420 | 12,830 | 13,253 | 13,691 | 14,142 | 14,609 | 15,091 | 15,589 | 16,104 | 16,635 | 17,184 | 17,751 | 18,337 | 18,942 | 19,567 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | 6,977 | |
Estimated Annual Property Taxes | 727 | 749 | 771 | 794 | 818 | 843 | 868 | 894 | 921 | 949 | 977 | 1,006 | 1,037 | 1,068 | 1,100 | |
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) | 8,376 | 8,418 | 8,461 | 8,506 | 8,552 | 8,599 | 8,647 | 8,698 | 8,749 | 8,802 | 8,857 | 8,914 | 8,972 | 9,031 | 9,093 | |
Annual Cash Flows | 4,044 | 4,412 | 4,792 | 5,185 | 5,591 | 6,010 | 6,444 | 6,892 | 7,354 | 7,833 | 8,327 | 8,838 | 9,365 | 9,911 | 10,474 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 99 | 513 | 530 | 548 | 566 | 584 | 604 | 624 | 644 | 665 | 687 | 710 | 733 | 758 | 783 | |
Maintenance & Repairs | 0 | 962 | 994 | 1,027 | 1,061 | 1,096 | 1,132 | 1,169 | 1,208 | 1,248 | 1,289 | 1,331 | 1,375 | 1,421 | 1,468 | |
Tenant Placement Credit | -518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 518 | 200 | 200 | 570 | 200 | 200 | 200 | 650 | 200 | 200 | 200 | 740 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 99 | 1,675 | 1,724 | 2,145 | 1,826 | 1,880 | 1,935 | 2,442 | 2,052 | 2,113 | 2,176 | 2,781 | 2,309 | 2,378 | 2,450 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,945 | 2,736 | 3,068 | 3,040 | 3,764 | 4,130 | 4,508 | 4,449 | 5,303 | 5,720 | 6,151 | 6,057 | 7,057 | 7,532 | 8,024 | |
Tax Savings | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | -13,823 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,075 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169,792 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,909 | |
Total Capital In/Out | -33,399 | 4,218 | 4,549 | 4,521 | 5,246 | 5,611 | 5,989 | 5,930 | 6,784 | 7,201 | 7,632 | 7,538 | 8,538 | 9,013 | 194,483 | |
Total Return On Investment (IRR) | 22.55% |