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 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | 12,836 | |
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) | 14,131 | 14,170 | 14,210 | 14,251 | 14,294 | 14,338 | 14,383 | 14,429 | 14,477 | 14,526 | 14,577 | 14,629 | 14,683 | 14,738 | 14,795 | |
Annual Cash Flows | 8,069 | 8,762 | 9,479 | 10,220 | 10,985 | 11,775 | 12,592 | 13,436 | 14,307 | 15,208 | 16,139 | 17,100 | 18,093 | 19,120 | 20,180 | |
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 | 7,891 | 5,925 | 6,555 | 6,386 | 7,878 | 8,572 | 9,290 | 9,070 | 10,797 | 11,589 | 12,406 | 12,129 | 14,124 | 15,026 | 15,958 | |
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 | 44,043 | |
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 | -51,065 | 8,444 | 9,074 | 8,905 | 10,397 | 11,091 | 11,809 | 11,589 | 13,316 | 14,108 | 14,925 | 14,648 | 16,643 | 17,545 | 329,363 | |
Total Return On Investment (IRR) | 25.98% |