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 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | 7,548 | |
Estimated Annual Property Taxes | 961 | 990 | 1,020 | 1,050 | 1,082 | 1,114 | 1,147 | 1,182 | 1,217 | 1,254 | 1,292 | 1,330 | 1,370 | 1,411 | 1,454 | |
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) | 9,181 | 9,230 | 9,280 | 9,332 | 9,386 | 9,441 | 9,498 | 9,556 | 9,616 | 9,678 | 9,742 | 9,808 | 9,876 | 9,946 | 10,018 | |
Annual Cash Flows | 3,239 | 3,600 | 3,973 | 4,358 | 4,757 | 5,168 | 5,594 | 6,033 | 6,487 | 6,957 | 7,442 | 7,943 | 8,461 | 8,996 | 9,549 | |
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 | 3,140 | 1,925 | 2,249 | 2,214 | 2,930 | 3,288 | 3,658 | 3,591 | 4,435 | 4,844 | 5,266 | 5,162 | 6,152 | 6,618 | 7,099 | |
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 | 25,897 | |
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 | -34,204 | 3,406 | 3,730 | 3,695 | 4,411 | 4,769 | 5,139 | 5,072 | 5,916 | 6,325 | 6,747 | 6,643 | 7,633 | 8,099 | 191,380 | |
Total Return On Investment (IRR) | 20.61% |