Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,700 | 12,086 | 12,485 | 12,897 | 13,323 | 13,762 | 14,216 | 14,685 | 15,170 | 15,671 | 16,188 | 16,722 | 17,274 | 17,844 | 18,433 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | 6,605 | |
Estimated Annual Property Taxes | 502 | 517 | 533 | 549 | 565 | 582 | 599 | 617 | 636 | 655 | 675 | 695 | 716 | 737 | 759 | |
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) | 7,779 | 7,814 | 7,850 | 7,888 | 7,926 | 7,966 | 8,006 | 8,049 | 8,092 | 8,136 | 8,182 | 8,230 | 8,278 | 8,329 | 8,380 | |
Annual Cash Flows | 3,921 | 4,272 | 4,635 | 5,009 | 5,397 | 5,797 | 6,210 | 6,637 | 7,078 | 7,534 | 8,005 | 8,492 | 8,995 | 9,515 | 10,052 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 94 | 483 | 499 | 516 | 533 | 550 | 569 | 587 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | |
Maintenance & Repairs | 0 | 906 | 936 | 967 | 999 | 1,032 | 1,066 | 1,101 | 1,138 | 1,175 | 1,214 | 1,254 | 1,296 | 1,338 | 1,382 | |
Tenant Placement Credit | -488 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 488 | 200 | 200 | 537 | 200 | 200 | 200 | 612 | 200 | 200 | 200 | 697 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 94 | 1,590 | 1,636 | 2,021 | 1,732 | 1,783 | 1,835 | 2,301 | 1,945 | 2,002 | 2,062 | 2,620 | 2,186 | 2,252 | 2,320 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -30,600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,600 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,828 | 2,682 | 2,999 | 2,989 | 3,664 | 4,014 | 4,375 | 4,336 | 5,134 | 5,532 | 5,944 | 5,873 | 6,809 | 7,263 | 7,733 | |
Tax Savings | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | 1,402 | -13,086 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,577 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 160,731 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,313 | |
Total Capital In/Out | -31,870 | 4,084 | 4,401 | 4,391 | 5,066 | 5,416 | 5,777 | 5,738 | 6,536 | 6,934 | 7,346 | 7,275 | 8,211 | 8,665 | 184,242 | |
Total Return On Investment (IRR) | 22.64% |