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 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | 6,572 | |
Estimated Annual Property Taxes | 462 | 476 | 490 | 505 | 520 | 536 | 552 | 568 | 585 | 603 | 621 | 640 | 659 | 678 | 699 | |
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) | 7,706 | 7,740 | 7,775 | 7,811 | 7,849 | 7,887 | 7,926 | 7,967 | 8,009 | 8,052 | 8,096 | 8,142 | 8,189 | 8,238 | 8,288 | |
Annual Cash Flows | 3,994 | 4,346 | 4,710 | 5,086 | 5,474 | 5,875 | 6,290 | 6,719 | 7,161 | 7,619 | 8,092 | 8,580 | 9,085 | 9,606 | 10,145 | |
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 | -30,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,900 | 2,756 | 3,074 | 3,065 | 3,742 | 4,093 | 4,455 | 4,418 | 5,217 | 5,617 | 6,030 | 5,960 | 6,898 | 7,354 | 7,825 | |
Tax Savings | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | 1,395 | -13,022 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,447 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159,943 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,174 | |
Total Capital In/Out | -31,655 | 4,151 | 4,469 | 4,460 | 5,137 | 5,488 | 5,850 | 5,813 | 6,612 | 7,012 | 7,425 | 7,355 | 8,293 | 8,749 | 183,469 | |
Total Return On Investment (IRR) | 22.86% |