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 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | 6,328 | |
Estimated Annual Property Taxes | 368 | 379 | 390 | 402 | 414 | 427 | 439 | 453 | 466 | 480 | 495 | 509 | 525 | 540 | 557 | |
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) | 7,368 | 7,399 | 7,431 | 7,464 | 7,498 | 7,533 | 7,569 | 7,607 | 7,645 | 7,685 | 7,725 | 7,767 | 7,810 | 7,855 | 7,901 | |
Annual Cash Flows | 3,252 | 3,572 | 3,902 | 4,242 | 4,595 | 4,959 | 5,335 | 5,723 | 6,125 | 6,540 | 6,968 | 7,411 | 7,869 | 8,342 | 8,831 | |
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 | -27,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,167 | 2,110 | 2,398 | 2,408 | 3,004 | 3,322 | 3,651 | 3,635 | 4,341 | 4,704 | 5,079 | 5,033 | 5,866 | 6,279 | 6,707 | |
Tax Savings | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | 1,258 | -11,739 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,293 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144,185 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,398 | |
Total Capital In/Out | -29,525 | 3,368 | 3,656 | 3,666 | 4,262 | 4,580 | 4,908 | 4,893 | 5,599 | 5,962 | 6,336 | 6,291 | 7,124 | 7,537 | 163,497 | |
Total Return On Investment (IRR) | 21.52% |