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 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | |
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) | 8,955 | 8,988 | 9,022 | 9,057 | 9,094 | 9,131 | 9,170 | 9,209 | 9,250 | 9,292 | 9,335 | 9,380 | 9,426 | 9,473 | 9,522 | |
Annual Cash Flows | 3,645 | 4,028 | 4,423 | 4,832 | 5,254 | 5,690 | 6,140 | 6,606 | 7,087 | 7,584 | 8,098 | 8,628 | 9,177 | 9,743 | 10,329 | |
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 | -34,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,050 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,544 | 2,331 | 2,677 | 2,656 | 3,404 | 3,785 | 4,180 | 4,128 | 5,008 | 5,443 | 5,893 | 5,807 | 6,838 | 7,333 | 7,846 | |
Tax Savings | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | -14,561 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,653 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178,852 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,505 | |
Total Capital In/Out | -35,446 | 3,891 | 4,237 | 4,216 | 4,964 | 5,345 | 5,740 | 5,688 | 6,568 | 7,003 | 7,453 | 7,367 | 8,398 | 8,894 | 202,335 | |
Total Return On Investment (IRR) | 21.40% |