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 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | |
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) | 8,754 | 8,796 | 8,840 | 8,884 | 8,930 | 8,977 | 9,026 | 9,076 | 9,128 | 9,181 | 9,236 | 9,292 | 9,350 | 9,410 | 9,471 | |
Annual Cash Flows | 3,666 | 4,034 | 4,414 | 4,807 | 5,212 | 5,632 | 6,065 | 6,513 | 6,976 | 7,454 | 7,949 | 8,459 | 8,987 | 9,532 | 10,096 | |
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 | 3,566 | 2,358 | 2,690 | 2,662 | 3,386 | 3,752 | 4,130 | 4,071 | 4,924 | 5,341 | 5,772 | 5,678 | 6,678 | 7,154 | 7,645 | |
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 | 26,611 | |
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 | -33,778 | 3,839 | 4,171 | 4,143 | 4,867 | 5,233 | 5,611 | 5,552 | 6,405 | 6,822 | 7,253 | 7,159 | 8,159 | 8,635 | 192,640 | |
Total Return On Investment (IRR) | 21.64% |