Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,140 | 19,772 | 20,424 | 21,098 | 21,794 | 22,514 | 23,256 | 24,024 | 24,817 | 25,636 | 26,482 | 27,356 | 28,258 | 29,191 | 30,154 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | 12,458 | |
Estimated Annual Property Taxes | 1,392 | 1,434 | 1,477 | 1,521 | 1,567 | 1,614 | 1,662 | 1,712 | 1,763 | 1,816 | 1,871 | 1,927 | 1,985 | 2,044 | 2,106 | |
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) | 14,522 | 14,584 | 14,648 | 14,713 | 14,781 | 14,851 | 14,923 | 14,997 | 15,073 | 15,151 | 15,232 | 15,315 | 15,401 | 15,489 | 15,580 | |
Annual Cash Flows | 4,618 | 5,188 | 5,776 | 6,385 | 7,013 | 7,663 | 8,334 | 9,027 | 9,744 | 10,485 | 11,250 | 12,040 | 12,857 | 13,702 | 14,574 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,025 | 1,059 | 1,094 | 1,130 | 1,168 | 1,206 | |
Maintenance & Repairs | 0 | 1,483 | 1,532 | 1,582 | 1,635 | 1,689 | 1,744 | 1,802 | 1,861 | 1,923 | 1,986 | 2,052 | 2,119 | 2,189 | 2,262 | |
Tenant Placement Credit | -798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 798 | 200 | 200 | 879 | 200 | 200 | 200 | 1,001 | 200 | 200 | 200 | 1,140 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,474 | 2,549 | 3,305 | 2,706 | 2,789 | 2,874 | 3,764 | 3,054 | 3,148 | 3,245 | 4,286 | 3,450 | 3,557 | 3,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -54,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54,750 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,465 | 2,714 | 3,228 | 3,079 | 4,307 | 4,874 | 5,459 | 5,264 | 6,690 | 7,336 | 8,004 | 7,755 | 9,408 | 10,145 | 10,906 | |
Tax Savings | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | 2,509 | -23,413 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,072 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 332,450 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50,658 | |
Total Capital In/Out | -54,277 | 5,222 | 5,736 | 5,588 | 6,815 | 7,382 | 7,968 | 7,772 | 9,199 | 9,845 | 10,513 | 10,263 | 11,916 | 12,653 | 369,107 | |
Total Return On Investment (IRR) | 21.50% |