Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | 8,161 | |
Estimated Annual Property Taxes | 1,170 | 1,205 | 1,241 | 1,278 | 1,317 | 1,356 | 1,397 | 1,439 | 1,482 | 1,527 | 1,572 | 1,620 | 1,668 | 1,718 | 1,770 | |
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) | 10,003 | 10,058 | 10,115 | 10,173 | 10,234 | 10,296 | 10,360 | 10,426 | 10,494 | 10,564 | 10,636 | 10,710 | 10,787 | 10,866 | 10,947 | |
Annual Cash Flows | 3,497 | 3,888 | 4,291 | 4,708 | 5,138 | 5,583 | 6,043 | 6,519 | 7,010 | 7,518 | 8,042 | 8,584 | 9,144 | 9,723 | 10,322 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,389 | 2,084 | 2,434 | 2,376 | 3,171 | 3,557 | 3,957 | 3,864 | 4,797 | 5,238 | 5,694 | 5,561 | 6,652 | 7,156 | 7,676 | |
Tax Savings | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | 1,601 | -14,946 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,000 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,580 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,338 | |
Total Capital In/Out | -36,459 | 3,685 | 4,036 | 3,978 | 4,772 | 5,159 | 5,558 | 5,465 | 6,398 | 6,840 | 7,295 | 7,163 | 8,254 | 8,757 | 206,921 | |
Total Return On Investment (IRR) | 20.80% |