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 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | 7,849 | |
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) | 9,452 | 9,500 | 9,550 | 9,601 | 9,653 | 9,707 | 9,763 | 9,820 | 9,880 | 9,940 | 10,003 | 10,068 | 10,134 | 10,203 | 10,274 | |
Annual Cash Flows | 3,148 | 3,516 | 3,896 | 4,288 | 4,694 | 5,114 | 5,547 | 5,995 | 6,457 | 6,936 | 7,430 | 7,940 | 8,468 | 9,014 | 9,577 | |
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 | -34,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,050 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,047 | 1,819 | 2,150 | 2,112 | 2,844 | 3,209 | 3,586 | 3,517 | 4,379 | 4,795 | 5,225 | 5,119 | 6,129 | 6,604 | 7,094 | |
Tax Savings | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | 1,560 | -14,561 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,653 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 178,852 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,505 | |
Total Capital In/Out | -35,943 | 3,379 | 3,710 | 3,673 | 4,404 | 4,769 | 5,146 | 5,077 | 5,939 | 6,355 | 6,785 | 6,679 | 7,689 | 8,164 | 201,583 | |
Total Return On Investment (IRR) | 20.23% |