Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | 5,912 | |
Estimated Annual Property Taxes | 400 | 412 | 424 | 437 | 450 | 464 | 478 | 492 | 507 | 522 | 538 | 554 | 570 | 587 | 605 | |
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) | 6,984 | 7,017 | 7,050 | 7,084 | 7,119 | 7,155 | 7,192 | 7,231 | 7,270 | 7,311 | 7,353 | 7,396 | 7,441 | 7,487 | 7,534 | |
Annual Cash Flows | 3,516 | 3,830 | 4,155 | 4,490 | 4,837 | 5,196 | 5,566 | 5,948 | 6,344 | 6,752 | 7,174 | 7,611 | 8,061 | 8,527 | 9,008 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -26,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,432 | 2,383 | 2,666 | 2,677 | 3,262 | 3,575 | 3,899 | 3,884 | 4,578 | 4,935 | 5,304 | 5,260 | 6,079 | 6,485 | 6,906 | |
Tax Savings | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | 1,206 | -11,258 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,966 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 138,276 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,358 | |
Total Capital In/Out | -28,187 | 3,589 | 3,872 | 3,883 | 4,468 | 4,781 | 5,105 | 5,090 | 5,784 | 6,141 | 6,510 | 6,466 | 7,285 | 7,692 | 157,857 | |
Total Return On Investment (IRR) | 22.46% |