Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | |
Estimated Annual Property Taxes | 434 | 447 | 460 | 474 | 488 | 503 | 518 | 534 | 550 | 566 | 583 | 601 | 619 | 637 | 656 | |
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) | 8,040 | 8,073 | 8,108 | 8,143 | 8,179 | 8,216 | 8,255 | 8,295 | 8,335 | 8,377 | 8,421 | 8,465 | 8,511 | 8,559 | 8,607 | |
Annual Cash Flows | 4,560 | 4,942 | 5,338 | 5,746 | 6,168 | 6,604 | 7,055 | 7,521 | 8,002 | 8,499 | 9,012 | 9,543 | 10,091 | 10,658 | 11,243 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -30,875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,875 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,459 | 3,245 | 3,591 | 3,570 | 4,318 | 4,700 | 5,094 | 5,043 | 5,923 | 6,358 | 6,808 | 6,722 | 7,752 | 8,248 | 8,761 | |
Tax Savings | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | -13,203 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,762 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162,175 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,568 | |
Total Capital In/Out | -31,501 | 4,660 | 5,006 | 4,985 | 5,733 | 6,115 | 6,509 | 6,458 | 7,338 | 7,773 | 8,222 | 8,136 | 9,167 | 9,663 | 185,803 | |
Total Return On Investment (IRR) | 24.21% |