Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,900 | 13,326 | 13,765 | 14,220 | 14,689 | 15,174 | 15,674 | 16,192 | 16,726 | 17,278 | 17,848 | 18,437 | 19,046 | 19,674 | 20,323 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | 7,739 | |
Estimated Annual Property Taxes | 371 | 382 | 394 | 405 | 418 | 430 | 443 | 456 | 470 | 484 | 499 | 514 | 529 | 545 | 561 | |
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) | 8,782 | 8,814 | 8,846 | 8,879 | 8,913 | 8,949 | 8,985 | 9,022 | 9,061 | 9,100 | 9,141 | 9,183 | 9,227 | 9,271 | 9,317 | |
Annual Cash Flows | 4,118 | 4,512 | 4,919 | 5,341 | 5,776 | 6,225 | 6,690 | 7,169 | 7,665 | 8,178 | 8,707 | 9,254 | 9,819 | 10,403 | 11,006 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 103 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | 762 | 787 | 813 | |
Maintenance & Repairs | 0 | 999 | 1,032 | 1,066 | 1,102 | 1,138 | 1,176 | 1,214 | 1,254 | 1,296 | 1,339 | 1,383 | 1,428 | 1,476 | 1,524 | |
Tenant Placement Credit | -538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 538 | 200 | 200 | 592 | 200 | 200 | 200 | 675 | 200 | 200 | 200 | 768 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 103 | 1,732 | 1,783 | 2,228 | 1,889 | 1,945 | 2,003 | 2,537 | 2,123 | 2,187 | 2,253 | 2,888 | 2,390 | 2,463 | 2,537 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,014 | 2,780 | 3,136 | 3,113 | 3,886 | 4,280 | 4,687 | 4,633 | 5,542 | 5,991 | 6,454 | 6,365 | 7,429 | 7,940 | 8,469 | |
Tax Savings | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | 1,538 | -14,358 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,267 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 176,357 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,066 | |
Total Capital In/Out | -34,522 | 4,318 | 4,675 | 4,651 | 5,425 | 5,819 | 6,225 | 6,171 | 7,080 | 7,529 | 7,993 | 7,904 | 8,967 | 9,479 | 200,245 | |
Total Return On Investment (IRR) | 22.55% |