Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | 6,934 | |
Estimated Annual Property Taxes | 931 | 959 | 988 | 1,017 | 1,048 | 1,079 | 1,112 | 1,145 | 1,179 | 1,215 | 1,251 | 1,289 | 1,327 | 1,367 | 1,408 | |
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) | 8,537 | 8,585 | 8,635 | 8,686 | 8,739 | 8,793 | 8,848 | 8,906 | 8,965 | 9,026 | 9,089 | 9,153 | 9,220 | 9,288 | 9,359 | |
Annual Cash Flows | 4,063 | 4,430 | 4,810 | 5,203 | 5,609 | 6,028 | 6,462 | 6,909 | 7,372 | 7,850 | 8,344 | 8,855 | 9,383 | 9,928 | 10,492 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -30,875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,875 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,962 | 2,734 | 3,064 | 3,027 | 3,759 | 4,124 | 4,501 | 4,432 | 5,293 | 5,710 | 6,140 | 6,034 | 7,044 | 7,518 | 8,009 | |
Tax Savings | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | 1,415 | -13,203 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,762 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162,175 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,568 | |
Total Capital In/Out | -31,998 | 4,148 | 4,479 | 4,442 | 5,174 | 5,538 | 5,916 | 5,846 | 6,708 | 7,124 | 7,554 | 7,448 | 8,458 | 8,933 | 185,051 | |
Total Return On Investment (IRR) | 22.81% |