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 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | |
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) | 9,120 | 9,152 | 9,186 | 9,221 | 9,257 | 9,294 | 9,331 | 9,371 | 9,411 | 9,452 | 9,495 | 9,539 | 9,585 | 9,631 | 9,679 | |
Annual Cash Flows | 3,780 | 4,173 | 4,579 | 4,999 | 5,432 | 5,880 | 6,343 | 6,821 | 7,315 | 7,826 | 8,353 | 8,898 | 9,461 | 10,043 | 10,644 | |
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 | -34,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,677 | 2,441 | 2,796 | 2,771 | 3,543 | 3,935 | 4,340 | 4,284 | 5,192 | 5,639 | 6,100 | 6,009 | 7,071 | 7,580 | 8,107 | |
Tax Savings | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | -14,892 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,283 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182,923 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,222 | |
Total Capital In/Out | -36,052 | 4,037 | 4,392 | 4,367 | 5,139 | 5,531 | 5,936 | 5,880 | 6,787 | 7,234 | 7,696 | 7,605 | 8,666 | 9,176 | 207,023 | |
Total Return On Investment (IRR) | 21.59% |