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 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | |
Estimated Annual Property Taxes | 960 | 989 | 1,018 | 1,049 | 1,080 | 1,113 | 1,146 | 1,181 | 1,216 | 1,253 | 1,290 | 1,329 | 1,369 | 1,410 | 1,452 | |
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) | 9,128 | 9,177 | 9,227 | 9,279 | 9,333 | 9,388 | 9,444 | 9,503 | 9,563 | 9,625 | 9,689 | 9,755 | 9,823 | 9,892 | 9,964 | |
Annual Cash Flows | 4,492 | 4,893 | 5,307 | 5,734 | 6,176 | 6,633 | 7,105 | 7,592 | 8,096 | 8,617 | 9,155 | 9,711 | 10,286 | 10,880 | 11,493 | |
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 | -33,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,383 | 3,075 | 3,435 | 3,382 | 4,193 | 4,590 | 5,002 | 4,914 | 5,866 | 6,319 | 6,788 | 6,662 | 7,773 | 8,291 | 8,826 | |
Tax Savings | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | -14,272 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,849 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 175,307 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,881 | |
Total Capital In/Out | -33,963 | 4,604 | 4,964 | 4,911 | 5,722 | 6,120 | 6,531 | 6,443 | 7,395 | 7,848 | 8,317 | 8,191 | 9,303 | 9,820 | 200,203 | |
Total Return On Investment (IRR) | 23.33% |