Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | 8,493 | |
Estimated Annual Property Taxes | 523 | 539 | 555 | 571 | 589 | 606 | 624 | 643 | 663 | 682 | 703 | 724 | 746 | 768 | 791 | |
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) | 9,688 | 9,724 | 9,761 | 9,799 | 9,838 | 9,878 | 9,920 | 9,963 | 10,007 | 10,052 | 10,099 | 10,147 | 10,197 | 10,248 | 10,301 | |
Annual Cash Flows | 4,652 | 5,089 | 5,541 | 6,008 | 6,491 | 6,989 | 7,504 | 8,036 | 8,586 | 9,154 | 9,741 | 10,348 | 10,975 | 11,622 | 12,291 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,537 | 3,186 | 3,581 | 3,532 | 4,413 | 4,849 | 5,300 | 5,216 | 6,248 | 6,746 | 7,260 | 7,137 | 8,340 | 8,907 | 9,493 | |
Tax Savings | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | 1,710 | -15,962 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,727 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,055 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,535 | |
Total Capital In/Out | -37,578 | 4,896 | 5,292 | 5,242 | 6,123 | 6,559 | 7,011 | 6,927 | 7,958 | 8,456 | 8,970 | 8,847 | 10,050 | 10,617 | 223,103 | |
Total Return On Investment (IRR) | 23.02% |