Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,540 | 16,053 | 16,583 | 17,130 | 17,695 | 18,279 | 18,882 | 19,505 | 20,149 | 20,814 | 21,501 | 22,210 | 22,943 | 23,700 | 24,482 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | 9,215 | |
Estimated Annual Property Taxes | 956 | 985 | 1,014 | 1,045 | 1,076 | 1,108 | 1,142 | 1,176 | 1,211 | 1,247 | 1,285 | 1,323 | 1,363 | 1,404 | 1,446 | |
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) | 10,843 | 10,892 | 10,942 | 10,994 | 11,047 | 11,102 | 11,159 | 11,217 | 11,277 | 11,339 | 11,403 | 11,468 | 11,536 | 11,605 | 11,677 | |
Annual Cash Flows | 4,697 | 5,161 | 5,641 | 6,136 | 6,648 | 7,177 | 7,724 | 8,288 | 8,872 | 9,475 | 10,098 | 10,742 | 11,407 | 12,095 | 12,805 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 124 | 642 | 663 | 685 | 708 | 731 | 755 | 780 | 806 | 833 | 860 | 888 | 918 | 948 | 979 | |
Maintenance & Repairs | 0 | 1,204 | 1,244 | 1,285 | 1,327 | 1,371 | 1,416 | 1,463 | 1,511 | 1,561 | 1,613 | 1,666 | 1,721 | 1,778 | 1,836 | |
Tenant Placement Credit | -648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 648 | 200 | 200 | 714 | 200 | 200 | 200 | 813 | 200 | 200 | 200 | 925 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 124 | 2,046 | 2,107 | 2,684 | 2,235 | 2,302 | 2,371 | 3,056 | 2,517 | 2,594 | 2,673 | 3,480 | 2,838 | 2,926 | 3,015 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,573 | 3,115 | 3,534 | 3,452 | 4,413 | 4,875 | 5,352 | 5,233 | 6,355 | 6,881 | 7,426 | 7,262 | 8,569 | 9,169 | 9,790 | |
Tax Savings | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | -17,095 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,465 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,974 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,987 | |
Total Capital In/Out | -40,070 | 4,947 | 5,365 | 5,284 | 6,245 | 6,706 | 7,184 | 7,064 | 8,186 | 8,713 | 9,257 | 9,094 | 10,401 | 11,001 | 238,122 | |
Total Return On Investment (IRR) | 22.57% |