Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,620 | 14,069 | 14,534 | 15,013 | 15,509 | 16,021 | 16,549 | 17,095 | 17,660 | 18,242 | 18,844 | 19,466 | 20,109 | 20,772 | 21,458 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | 7,878 | |
Estimated Annual Property Taxes | 929 | 957 | 986 | 1,015 | 1,046 | 1,077 | 1,109 | 1,143 | 1,177 | 1,212 | 1,248 | 1,286 | 1,325 | 1,364 | 1,405 | |
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) | 9,479 | 9,527 | 9,576 | 9,627 | 9,680 | 9,734 | 9,789 | 9,847 | 9,906 | 9,967 | 10,029 | 10,094 | 10,160 | 10,229 | 10,299 | |
Annual Cash Flows | 4,141 | 4,543 | 4,958 | 5,386 | 5,829 | 6,287 | 6,760 | 7,249 | 7,754 | 8,276 | 8,815 | 9,372 | 9,948 | 10,543 | 11,158 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 109 | 563 | 581 | 601 | 620 | 641 | 662 | 684 | 706 | 730 | 754 | 779 | 804 | 831 | 858 | |
Maintenance & Repairs | 0 | 1,055 | 1,090 | 1,126 | 1,163 | 1,202 | 1,241 | 1,282 | 1,324 | 1,368 | 1,413 | 1,460 | 1,508 | 1,558 | 1,609 | |
Tenant Placement Credit | -568 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 568 | 200 | 200 | 626 | 200 | 200 | 200 | 712 | 200 | 200 | 200 | 811 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 109 | 1,818 | 1,871 | 2,352 | 1,984 | 2,042 | 2,103 | 2,678 | 2,231 | 2,298 | 2,367 | 3,050 | 2,512 | 2,589 | 2,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,175 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,032 | 2,725 | 3,086 | 3,034 | 3,846 | 4,244 | 4,657 | 4,570 | 5,523 | 5,978 | 6,448 | 6,323 | 7,436 | 7,954 | 8,491 | |
Tax Savings | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | 1,566 | -14,614 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,755 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179,509 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,621 | |
Total Capital In/Out | -35,077 | 4,291 | 4,652 | 4,600 | 5,411 | 5,810 | 6,223 | 6,136 | 7,089 | 7,544 | 8,014 | 7,888 | 9,002 | 9,520 | 203,694 | |
Total Return On Investment (IRR) | 22.36% |