Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | 8,972 | |
Estimated Annual Property Taxes | 621 | 640 | 659 | 679 | 699 | 720 | 742 | 764 | 787 | 810 | 835 | 860 | 885 | 912 | 939 | |
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) | 10,265 | 10,304 | 10,344 | 10,385 | 10,428 | 10,471 | 10,516 | 10,563 | 10,610 | 10,660 | 10,710 | 10,762 | 10,816 | 10,871 | 10,928 | |
Annual Cash Flows | 4,735 | 5,191 | 5,662 | 6,149 | 6,652 | 7,172 | 7,710 | 8,265 | 8,838 | 9,431 | 10,043 | 10,676 | 11,330 | 12,005 | 12,703 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,615 | 3,209 | 3,621 | 3,559 | 4,488 | 4,943 | 5,414 | 5,315 | 6,402 | 6,921 | 7,457 | 7,318 | 8,583 | 9,175 | 9,786 | |
Tax Savings | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | 1,830 | -17,084 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,335 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,843 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,964 | |
Total Capital In/Out | -40,005 | 5,039 | 5,452 | 5,389 | 6,319 | 6,774 | 7,244 | 7,146 | 8,232 | 8,751 | 9,287 | 9,148 | 10,414 | 11,005 | 238,865 | |
Total Return On Investment (IRR) | 22.73% |