Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 20,340 | 21,011 | 21,705 | 22,421 | 23,161 | 23,925 | 24,715 | 25,530 | 26,373 | 27,243 | 28,142 | 29,071 | 30,030 | 31,021 | 32,045 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | 13,470 | |
Estimated Annual Property Taxes | 1,187 | 1,223 | 1,259 | 1,297 | 1,336 | 1,376 | 1,417 | 1,460 | 1,504 | 1,549 | 1,595 | 1,643 | 1,692 | 1,743 | 1,795 | |
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) | 15,329 | 15,385 | 15,442 | 15,501 | 15,562 | 15,625 | 15,690 | 15,756 | 15,825 | 15,896 | 15,968 | 16,043 | 16,120 | 16,200 | 16,282 | |
Annual Cash Flows | 5,011 | 5,626 | 6,262 | 6,919 | 7,598 | 8,300 | 9,025 | 9,774 | 10,548 | 11,347 | 12,174 | 13,027 | 13,909 | 14,821 | 15,763 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 163 | 840 | 868 | 897 | 926 | 957 | 989 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | 1,282 | |
Maintenance & Repairs | 0 | 1,576 | 1,628 | 1,682 | 1,737 | 1,794 | 1,854 | 1,915 | 1,978 | 2,043 | 2,111 | 2,180 | 2,252 | 2,327 | 2,403 | |
Tenant Placement Credit | -848 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 848 | 200 | 200 | 934 | 200 | 200 | 200 | 1,064 | 200 | 200 | 200 | 1,211 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 163 | 2,616 | 2,696 | 3,513 | 2,863 | 2,951 | 3,042 | 4,000 | 3,233 | 3,333 | 3,436 | 4,554 | 3,653 | 3,767 | 3,885 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -59,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,848 | 3,010 | 3,566 | 3,407 | 4,735 | 5,349 | 5,983 | 5,774 | 7,315 | 8,014 | 8,737 | 8,473 | 10,256 | 11,054 | 11,878 | |
Tax Savings | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | 2,748 | -25,647 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,044 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 364,178 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55,493 | |
Total Capital In/Out | -58,879 | 5,758 | 6,314 | 6,155 | 7,483 | 8,097 | 8,731 | 8,522 | 10,063 | 10,762 | 11,485 | 11,221 | 13,004 | 13,802 | 404,934 | |
Total Return On Investment (IRR) | 21.65% |