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 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | |
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) | 8,063 | 8,097 | 8,132 | 8,168 | 8,205 | 8,243 | 8,283 | 8,323 | 8,365 | 8,408 | 8,453 | 8,498 | 8,546 | 8,594 | 8,644 | |
Annual Cash Flows | 3,637 | 3,989 | 4,353 | 4,729 | 5,117 | 5,519 | 5,934 | 6,362 | 6,805 | 7,262 | 7,735 | 8,224 | 8,728 | 9,250 | 9,789 | |
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 | 3,544 | 2,399 | 2,717 | 2,709 | 3,385 | 3,736 | 4,099 | 4,061 | 4,860 | 5,260 | 5,674 | 5,604 | 6,542 | 6,998 | 7,469 | |
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 | 25,067 | |
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 | -32,011 | 3,795 | 4,113 | 4,104 | 4,781 | 5,131 | 5,494 | 5,457 | 6,255 | 6,655 | 7,069 | 6,999 | 7,937 | 8,393 | 181,733 | |
Total Return On Investment (IRR) | 21.95% |