Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,940 | 12,334 | 12,741 | 13,161 | 13,596 | 14,044 | 14,508 | 14,987 | 15,481 | 15,992 | 16,520 | 17,065 | 17,628 | 18,210 | 18,811 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | 7,163 | |
Estimated Annual Property Taxes | 481 | 495 | 510 | 526 | 541 | 558 | 574 | 592 | 609 | 628 | 646 | 666 | 686 | 706 | 728 | |
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) | 8,316 | 8,351 | 8,386 | 8,423 | 8,461 | 8,500 | 8,540 | 8,581 | 8,624 | 8,668 | 8,713 | 8,759 | 8,807 | 8,856 | 8,907 | |
Annual Cash Flows | 3,624 | 3,983 | 4,355 | 4,738 | 5,135 | 5,545 | 5,968 | 6,406 | 6,858 | 7,325 | 7,807 | 8,306 | 8,821 | 9,354 | 9,904 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 96 | 493 | 510 | 526 | 544 | 562 | 580 | 599 | 619 | 640 | 661 | 683 | 705 | 728 | 752 | |
Maintenance & Repairs | 0 | 925 | 956 | 987 | 1,020 | 1,053 | 1,088 | 1,124 | 1,161 | 1,199 | 1,239 | 1,280 | 1,322 | 1,366 | 1,411 | |
Tenant Placement Credit | -498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 498 | 200 | 200 | 548 | 200 | 200 | 200 | 624 | 200 | 200 | 200 | 711 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 96 | 1,618 | 1,665 | 2,062 | 1,764 | 1,815 | 1,868 | 2,348 | 1,980 | 2,039 | 2,100 | 2,674 | 2,227 | 2,294 | 2,363 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -31,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,075 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,528 | 2,365 | 2,689 | 2,676 | 3,371 | 3,730 | 4,100 | 4,058 | 4,877 | 5,286 | 5,707 | 5,632 | 6,594 | 7,059 | 7,540 | |
Tax Savings | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | 1,424 | -13,289 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,237 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163,226 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,753 | |
Total Capital In/Out | -32,623 | 3,789 | 4,113 | 4,100 | 4,795 | 5,153 | 5,523 | 5,481 | 6,301 | 6,709 | 7,131 | 7,056 | 8,018 | 8,483 | 185,037 | |
Total Return On Investment (IRR) | 21.80% |