Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,020 | 13,450 | 13,893 | 14,352 | 14,826 | 15,315 | 15,820 | 16,342 | 16,882 | 17,439 | 18,014 | 18,609 | 19,223 | 19,857 | 20,512 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | 7,814 | |
Estimated Annual Property Taxes | 751 | 774 | 797 | 821 | 845 | 871 | 897 | 924 | 951 | 980 | 1,009 | 1,040 | 1,071 | 1,103 | 1,136 | |
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) | 9,237 | 9,280 | 9,324 | 9,369 | 9,416 | 9,464 | 9,513 | 9,564 | 9,617 | 9,671 | 9,727 | 9,784 | 9,843 | 9,904 | 9,967 | |
Annual Cash Flows | 3,783 | 4,170 | 4,569 | 4,983 | 5,410 | 5,851 | 6,307 | 6,778 | 7,265 | 7,768 | 8,287 | 8,825 | 9,380 | 9,953 | 10,546 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 104 | 538 | 556 | 574 | 593 | 613 | 633 | 654 | 675 | 698 | 721 | 744 | 769 | 794 | 820 | |
Maintenance & Repairs | 0 | 1,009 | 1,042 | 1,076 | 1,112 | 1,149 | 1,187 | 1,226 | 1,266 | 1,308 | 1,351 | 1,396 | 1,442 | 1,489 | 1,538 | |
Tenant Placement Credit | -543 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 543 | 200 | 200 | 598 | 200 | 200 | 200 | 681 | 200 | 200 | 200 | 775 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 104 | 1,747 | 1,798 | 2,248 | 1,905 | 1,961 | 2,019 | 2,560 | 2,141 | 2,205 | 2,272 | 2,915 | 2,411 | 2,484 | 2,559 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,900 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,678 | 2,423 | 2,772 | 2,734 | 3,505 | 3,890 | 4,287 | 4,218 | 5,123 | 5,562 | 6,016 | 5,909 | 6,969 | 7,469 | 7,987 | |
Tax Savings | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | 1,553 | -14,497 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,531 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178,064 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,366 | |
Total Capital In/Out | -35,168 | 3,976 | 4,325 | 4,287 | 5,058 | 5,443 | 5,841 | 5,771 | 6,676 | 7,115 | 7,569 | 7,462 | 8,522 | 9,023 | 201,619 | |
Total Return On Investment (IRR) | 21.65% |