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 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | 8,604 | |
Estimated Annual Property Taxes | 989 | 1,019 | 1,049 | 1,081 | 1,113 | 1,147 | 1,181 | 1,216 | 1,253 | 1,290 | 1,329 | 1,369 | 1,410 | 1,452 | 1,496 | |
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) | 10,265 | 10,315 | 10,366 | 10,419 | 10,473 | 10,529 | 10,587 | 10,647 | 10,708 | 10,771 | 10,836 | 10,903 | 10,972 | 11,043 | 11,116 | |
Annual Cash Flows | 4,075 | 4,499 | 4,936 | 5,388 | 5,855 | 6,338 | 6,837 | 7,352 | 7,885 | 8,436 | 9,004 | 9,592 | 10,200 | 10,827 | 11,476 | |
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 | 3,960 | 2,595 | 2,976 | 2,912 | 3,778 | 4,198 | 4,633 | 4,533 | 5,547 | 6,027 | 6,523 | 6,381 | 7,565 | 8,112 | 8,678 | |
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 | 30,313 | |
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 | -38,154 | 4,305 | 4,686 | 4,622 | 5,488 | 5,908 | 6,343 | 6,243 | 7,257 | 7,737 | 8,233 | 8,091 | 9,275 | 9,822 | 221,873 | |
Total Return On Investment (IRR) | 21.72% |