Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 17,940 | 18,532 | 19,144 | 19,775 | 20,428 | 21,102 | 21,798 | 22,518 | 23,261 | 24,028 | 24,821 | 25,640 | 26,487 | 27,361 | 28,264 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | 10,904 | |
Estimated Annual Property Taxes | 1,328 | 1,368 | 1,409 | 1,451 | 1,495 | 1,540 | 1,586 | 1,633 | 1,682 | 1,733 | 1,785 | 1,838 | 1,893 | 1,950 | 2,009 | |
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) | 12,904 | 12,964 | 13,026 | 13,090 | 13,155 | 13,223 | 13,292 | 13,364 | 13,438 | 13,514 | 13,592 | 13,673 | 13,756 | 13,841 | 13,929 | |
Annual Cash Flows | 5,036 | 5,568 | 6,118 | 6,686 | 7,273 | 7,879 | 8,506 | 9,154 | 9,823 | 10,515 | 11,229 | 11,968 | 12,731 | 13,519 | 14,334 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 144 | 741 | 766 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,026 | 1,059 | 1,094 | 1,131 | |
Maintenance & Repairs | 0 | 1,390 | 1,436 | 1,483 | 1,532 | 1,583 | 1,635 | 1,689 | 1,745 | 1,802 | 1,862 | 1,923 | 1,986 | 2,052 | 2,120 | |
Tenant Placement Credit | -748 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 748 | 200 | 200 | 824 | 200 | 200 | 200 | 938 | 200 | 200 | 200 | 1,068 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 144 | 2,331 | 2,402 | 3,098 | 2,549 | 2,627 | 2,707 | 3,528 | 2,875 | 2,963 | 3,054 | 4,017 | 3,246 | 3,346 | 3,450 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -46,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,892 | 3,237 | 3,716 | 3,587 | 4,723 | 5,253 | 5,799 | 5,626 | 6,948 | 7,551 | 8,175 | 7,951 | 9,485 | 10,173 | 10,884 | |
Tax Savings | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | 2,140 | -19,971 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,413 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 245,298 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,210 | |
Total Capital In/Out | -46,168 | 5,376 | 5,856 | 5,727 | 6,863 | 7,392 | 7,939 | 7,766 | 9,088 | 9,691 | 10,315 | 10,090 | 11,625 | 12,313 | 277,115 | |
Total Return On Investment (IRR) | 22.18% |