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 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | 7,097 | |
Estimated Annual Property Taxes | 420 | 433 | 446 | 459 | 473 | 487 | 502 | 517 | 532 | 548 | 564 | 581 | 599 | 617 | 635 | |
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) | 8,189 | 8,222 | 8,256 | 8,290 | 8,326 | 8,363 | 8,401 | 8,440 | 8,480 | 8,522 | 8,565 | 8,609 | 8,654 | 8,701 | 8,749 | |
Annual Cash Flows | 4,711 | 5,104 | 5,510 | 5,929 | 6,363 | 6,811 | 7,273 | 7,752 | 8,246 | 8,756 | 9,283 | 9,828 | 10,391 | 10,973 | 11,574 | |
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 | -31,600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,600 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,608 | 3,371 | 3,727 | 3,702 | 4,474 | 4,866 | 5,271 | 5,215 | 6,122 | 6,569 | 7,031 | 6,940 | 8,001 | 8,511 | 9,037 | |
Tax Savings | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | 1,448 | -13,513 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,367 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165,983 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,238 | |
Total Capital In/Out | -32,044 | 4,819 | 5,175 | 5,149 | 5,921 | 6,314 | 6,719 | 6,663 | 7,570 | 8,017 | 8,479 | 8,388 | 9,449 | 9,959 | 190,236 | |
Total Return On Investment (IRR) | 24.42% |