Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | 7,203 | |
Estimated Annual Property Taxes | 911 | 938 | 966 | 995 | 1,025 | 1,056 | 1,088 | 1,120 | 1,154 | 1,189 | 1,224 | 1,261 | 1,299 | 1,338 | 1,378 | |
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) | 8,786 | 8,834 | 8,883 | 8,933 | 8,985 | 9,038 | 9,094 | 9,150 | 9,209 | 9,269 | 9,331 | 9,395 | 9,460 | 9,528 | 9,598 | |
Annual Cash Flows | 3,514 | 3,872 | 4,242 | 4,625 | 5,021 | 5,429 | 5,852 | 6,288 | 6,739 | 7,206 | 7,687 | 8,185 | 8,699 | 9,231 | 9,780 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -30,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,850 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,415 | 2,211 | 2,533 | 2,501 | 3,210 | 3,566 | 3,933 | 3,870 | 4,705 | 5,111 | 5,530 | 5,431 | 6,411 | 6,874 | 7,352 | |
Tax Savings | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | -13,193 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,715 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162,044 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,544 | |
Total Capital In/Out | -32,521 | 3,624 | 3,947 | 3,915 | 4,624 | 4,979 | 5,347 | 5,283 | 6,119 | 6,524 | 6,944 | 6,844 | 7,825 | 8,287 | 183,224 | |
Total Return On Investment (IRR) | 21.46% |