Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,200 | 10,537 | 10,884 | 11,243 | 11,615 | 11,998 | 12,394 | 12,803 | 13,225 | 13,662 | 14,112 | 14,578 | 15,059 | 15,556 | 16,070 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | 5,966 | |
Estimated Annual Property Taxes | 318 | 328 | 337 | 347 | 358 | 369 | 380 | 391 | 403 | 415 | 427 | 440 | 453 | 467 | 481 | |
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) | 6,956 | 6,986 | 7,016 | 7,048 | 7,080 | 7,113 | 7,148 | 7,183 | 7,220 | 7,258 | 7,296 | 7,336 | 7,377 | 7,420 | 7,463 | |
Annual Cash Flows | 3,244 | 3,551 | 3,868 | 4,196 | 4,534 | 4,884 | 5,246 | 5,619 | 6,005 | 6,404 | 6,816 | 7,242 | 7,682 | 8,137 | 8,606 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 82 | 421 | 435 | 450 | 465 | 480 | 496 | 512 | 529 | 546 | 564 | 583 | 602 | 622 | 643 | |
Maintenance & Repairs | 0 | 790 | 816 | 843 | 871 | 900 | 930 | 960 | 992 | 1,025 | 1,058 | 1,093 | 1,129 | 1,167 | 1,205 | |
Tenant Placement Credit | -425 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 425 | 200 | 200 | 468 | 200 | 200 | 200 | 533 | 200 | 200 | 200 | 607 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 82 | 1,412 | 1,452 | 1,761 | 1,536 | 1,580 | 1,625 | 2,006 | 1,721 | 1,771 | 1,823 | 2,284 | 1,932 | 1,989 | 2,048 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -25,550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,550 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,163 | 2,139 | 2,417 | 2,434 | 2,999 | 3,305 | 3,621 | 3,614 | 4,284 | 4,633 | 4,993 | 4,958 | 5,750 | 6,148 | 6,558 | |
Tax Savings | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | -10,926 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,469 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134,205 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,640 | |
Total Capital In/Out | -27,717 | 3,310 | 3,587 | 3,605 | 4,169 | 4,475 | 4,791 | 4,784 | 5,455 | 5,804 | 6,164 | 6,129 | 6,921 | 7,318 | 152,216 | |
Total Return On Investment (IRR) | 21.86% |