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 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | 14,004 | |
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) | 15,793 | 15,847 | 15,902 | 15,959 | 16,017 | 16,078 | 16,140 | 16,204 | 16,270 | 16,338 | 16,408 | 16,480 | 16,555 | 16,631 | 16,710 | |
Annual Cash Flows | 3,347 | 3,925 | 4,522 | 5,139 | 5,777 | 6,436 | 7,116 | 7,820 | 8,547 | 9,298 | 10,074 | 10,875 | 11,704 | 12,560 | 13,444 | |
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 | 3,194 | 1,451 | 1,973 | 1,834 | 3,071 | 3,647 | 4,242 | 4,056 | 5,493 | 6,149 | 6,828 | 6,590 | 8,254 | 9,003 | 9,776 | |
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 | 48,048 | |
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 | -60,533 | 4,199 | 4,721 | 4,582 | 5,818 | 6,395 | 6,990 | 6,804 | 8,241 | 8,897 | 9,576 | 9,338 | 11,002 | 11,751 | 400,837 | |
Total Return On Investment (IRR) | 19.69% |