Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,620 | 10,970 | 11,332 | 11,706 | 12,093 | 12,492 | 12,904 | 13,330 | 13,770 | 14,224 | 14,694 | 15,178 | 15,679 | 16,197 | 16,731 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | 6,374 | |
Estimated Annual Property Taxes | 304 | 313 | 323 | 332 | 342 | 352 | 363 | 374 | 385 | 397 | 409 | 421 | 433 | 446 | 460 | |
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) | 7,350 | 7,379 | 7,409 | 7,440 | 7,472 | 7,505 | 7,539 | 7,574 | 7,610 | 7,647 | 7,685 | 7,725 | 7,765 | 7,807 | 7,850 | |
Annual Cash Flows | 3,270 | 3,592 | 3,923 | 4,266 | 4,621 | 4,987 | 5,365 | 5,756 | 6,160 | 6,577 | 7,008 | 7,454 | 7,914 | 8,390 | 8,881 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 85 | 439 | 453 | 468 | 484 | 500 | 516 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | |
Maintenance & Repairs | 0 | 823 | 850 | 878 | 907 | 937 | 968 | 1,000 | 1,033 | 1,067 | 1,102 | 1,138 | 1,176 | 1,215 | 1,255 | |
Tenant Placement Credit | -443 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 443 | 200 | 200 | 488 | 200 | 200 | 200 | 555 | 200 | 200 | 200 | 632 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 85 | 1,462 | 1,503 | 1,834 | 1,591 | 1,637 | 1,684 | 2,088 | 1,784 | 1,836 | 1,890 | 2,378 | 2,003 | 2,063 | 2,124 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,650 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,650 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,185 | 2,130 | 2,420 | 2,432 | 3,030 | 3,350 | 3,681 | 3,668 | 4,376 | 4,741 | 5,119 | 5,076 | 5,911 | 6,327 | 6,757 | |
Tax Savings | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | 1,267 | -11,824 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,455 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 145,235 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,584 | |
Total Capital In/Out | -29,698 | 3,397 | 3,687 | 3,699 | 4,297 | 4,617 | 4,948 | 4,934 | 5,643 | 6,008 | 6,385 | 6,343 | 7,178 | 7,594 | 164,691 | |
Total Return On Investment (IRR) | 21.55% |