Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,140 | 19,772 | 20,424 | 21,098 | 21,794 | 22,514 | 23,256 | 24,024 | 24,817 | 25,636 | 26,482 | 27,356 | 28,258 | 29,191 | 30,154 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | |
Estimated Annual Property Taxes | 1,117 | 1,151 | 1,185 | 1,221 | 1,257 | 1,295 | 1,334 | 1,374 | 1,415 | 1,457 | 1,501 | 1,546 | 1,593 | 1,640 | 1,690 | |
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) | 15,259 | 15,313 | 15,368 | 15,425 | 15,484 | 15,544 | 15,606 | 15,670 | 15,736 | 15,804 | 15,874 | 15,946 | 16,021 | 16,097 | 16,176 | |
Annual Cash Flows | 3,881 | 4,459 | 5,056 | 5,673 | 6,311 | 6,970 | 7,650 | 8,354 | 9,081 | 9,831 | 10,607 | 11,409 | 12,238 | 13,094 | 13,978 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,025 | 1,059 | 1,094 | 1,130 | 1,168 | 1,206 | |
Maintenance & Repairs | 0 | 1,483 | 1,532 | 1,582 | 1,635 | 1,689 | 1,744 | 1,802 | 1,861 | 1,923 | 1,986 | 2,052 | 2,119 | 2,189 | 2,262 | |
Tenant Placement Credit | -798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 798 | 200 | 200 | 879 | 200 | 200 | 200 | 1,001 | 200 | 200 | 200 | 1,140 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,474 | 2,549 | 3,305 | 2,706 | 2,789 | 2,874 | 3,764 | 3,054 | 3,148 | 3,245 | 4,286 | 3,450 | 3,557 | 3,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -59,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,728 | 1,985 | 2,507 | 2,368 | 3,604 | 4,181 | 4,776 | 4,590 | 6,027 | 6,683 | 7,362 | 7,123 | 8,788 | 9,537 | 10,310 | |
Tax Savings | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | -25,647 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,044 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 364,178 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55,493 | |
Total Capital In/Out | -59,999 | 4,733 | 5,255 | 5,116 | 6,352 | 6,929 | 7,524 | 7,338 | 8,775 | 9,431 | 10,110 | 9,871 | 11,536 | 12,285 | 403,367 | |
Total Return On Investment (IRR) | 20.31% |