Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 22,200 | 22,933 | 23,689 | 24,471 | 25,279 | 26,113 | 26,975 | 27,865 | 28,784 | 29,734 | 30,715 | 31,729 | 32,776 | 33,858 | 34,975 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | 12,509 | |
Estimated Annual Property Taxes | 623 | 642 | 661 | 681 | 701 | 722 | 744 | 766 | 789 | 813 | 837 | 862 | 888 | 915 | 942 | |
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) | 13,804 | 13,843 | 13,883 | 13,924 | 13,967 | 14,011 | 14,056 | 14,102 | 14,150 | 14,199 | 14,250 | 14,302 | 14,356 | 14,411 | 14,468 | |
Annual Cash Flows | 8,396 | 9,089 | 9,806 | 10,547 | 11,312 | 12,102 | 12,919 | 13,763 | 14,635 | 15,535 | 16,466 | 17,427 | 18,420 | 19,447 | 20,507 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 178 | 917 | 948 | 979 | 1,011 | 1,045 | 1,079 | 1,115 | 1,151 | 1,189 | 1,229 | 1,269 | 1,311 | 1,354 | 1,399 | |
Maintenance & Repairs | 0 | 1,720 | 1,777 | 1,835 | 1,896 | 1,958 | 2,023 | 2,090 | 2,159 | 2,230 | 2,304 | 2,380 | 2,458 | 2,539 | 2,623 | |
Tenant Placement Credit | -925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 925 | 200 | 200 | 1,020 | 200 | 200 | 200 | 1,161 | 200 | 200 | 200 | 1,322 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 178 | 2,837 | 2,924 | 3,834 | 3,107 | 3,203 | 3,302 | 4,365 | 3,510 | 3,619 | 3,732 | 4,971 | 3,969 | 4,094 | 4,222 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -54,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 54,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 8,218 | 6,252 | 6,882 | 6,713 | 8,205 | 8,899 | 9,617 | 9,397 | 11,124 | 11,916 | 12,733 | 12,456 | 14,451 | 15,353 | 16,285 | |
Tax Savings | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | 2,519 | -23,509 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,257 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288,764 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50,866 | |
Total Capital In/Out | -50,738 | 8,771 | 9,401 | 9,232 | 10,724 | 11,418 | 12,136 | 11,916 | 13,643 | 14,435 | 15,252 | 14,975 | 16,970 | 17,872 | 330,905 | |
Total Return On Investment (IRR) | 26.54% |