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 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | 8,293 | |
Estimated Annual Property Taxes | 1,386 | 1,428 | 1,470 | 1,515 | 1,560 | 1,607 | 1,655 | 1,705 | 1,756 | 1,808 | 1,863 | 1,919 | 1,976 | 2,035 | 2,096 | |
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) | 10,351 | 10,412 | 10,476 | 10,541 | 10,609 | 10,678 | 10,750 | 10,824 | 10,900 | 10,978 | 11,058 | 11,141 | 11,227 | 11,315 | 11,406 | |
Annual Cash Flows | 3,989 | 4,401 | 4,826 | 5,266 | 5,720 | 6,189 | 6,674 | 7,175 | 7,693 | 8,229 | 8,782 | 9,354 | 9,945 | 10,555 | 11,186 | |
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 | -35,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,875 | 2,497 | 2,866 | 2,789 | 3,642 | 4,049 | 4,470 | 4,356 | 5,355 | 5,820 | 6,300 | 6,143 | 7,310 | 7,840 | 8,388 | |
Tax Savings | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | 1,648 | -15,384 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,217 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,964 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,286 | |
Total Capital In/Out | -36,952 | 4,146 | 4,515 | 4,437 | 5,290 | 5,698 | 6,119 | 6,004 | 7,004 | 7,468 | 7,949 | 7,791 | 8,958 | 9,489 | 213,873 | |
Total Return On Investment (IRR) | 21.65% |