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 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | |
Estimated Annual Property Taxes | 1,003 | 1,033 | 1,064 | 1,096 | 1,129 | 1,163 | 1,198 | 1,234 | 1,271 | 1,309 | 1,348 | 1,388 | 1,430 | 1,473 | 1,517 | |
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) | 9,042 | 9,092 | 9,144 | 9,197 | 9,252 | 9,309 | 9,367 | 9,427 | 9,489 | 9,552 | 9,618 | 9,685 | 9,755 | 9,827 | 9,900 | |
Annual Cash Flows | 3,858 | 4,234 | 4,622 | 5,023 | 5,437 | 5,865 | 6,308 | 6,765 | 7,237 | 7,726 | 8,230 | 8,752 | 9,291 | 9,848 | 10,423 | |
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 | -32,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,755 | 2,501 | 2,839 | 2,795 | 3,548 | 3,920 | 4,305 | 4,228 | 5,114 | 5,539 | 5,978 | 5,863 | 6,900 | 7,385 | 7,886 | |
Tax Savings | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | -13,845 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,652 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,054 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,955 | |
Total Capital In/Out | -33,637 | 3,985 | 4,322 | 4,278 | 5,031 | 5,404 | 5,788 | 5,712 | 6,597 | 7,022 | 7,461 | 7,347 | 8,384 | 8,868 | 193,167 | |
Total Return On Investment (IRR) | 22.01% |