Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | 7,428 | |
Estimated Annual Property Taxes | 711 | 732 | 754 | 777 | 800 | 824 | 849 | 874 | 901 | 928 | 956 | 984 | 1,014 | 1,044 | 1,075 | |
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) | 8,811 | 8,853 | 8,896 | 8,940 | 8,985 | 9,032 | 9,080 | 9,129 | 9,180 | 9,233 | 9,287 | 9,343 | 9,400 | 9,459 | 9,520 | |
Annual Cash Flows | 4,689 | 5,093 | 5,510 | 5,941 | 6,387 | 6,848 | 7,324 | 7,815 | 8,324 | 8,849 | 9,391 | 9,952 | 10,531 | 11,130 | 11,748 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,075 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,075 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,581 | 3,289 | 3,653 | 3,610 | 4,419 | 4,822 | 5,237 | 5,161 | 6,111 | 6,569 | 7,043 | 6,929 | 8,039 | 8,562 | 9,102 | |
Tax Savings | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | 1,515 | -14,144 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,598 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 173,731 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,603 | |
Total Capital In/Out | -33,479 | 4,804 | 5,169 | 5,125 | 5,935 | 6,337 | 6,753 | 6,676 | 7,626 | 8,085 | 8,559 | 8,444 | 9,554 | 10,077 | 198,759 | |
Total Return On Investment (IRR) | 23.93% |