Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | 7,872 | |
Estimated Annual Property Taxes | 543 | 559 | 576 | 593 | 611 | 629 | 648 | 668 | 688 | 708 | 730 | 752 | 774 | 797 | 821 | |
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) | 9,087 | 9,123 | 9,161 | 9,200 | 9,239 | 9,281 | 9,323 | 9,366 | 9,411 | 9,457 | 9,505 | 9,554 | 9,604 | 9,656 | 9,710 | |
Annual Cash Flows | 4,413 | 4,822 | 5,245 | 5,681 | 6,133 | 6,599 | 7,081 | 7,579 | 8,093 | 8,624 | 9,173 | 9,741 | 10,327 | 10,933 | 11,559 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,150 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,305 | 3,018 | 3,388 | 3,350 | 4,165 | 4,573 | 4,994 | 4,924 | 5,880 | 6,345 | 6,825 | 6,718 | 7,835 | 8,365 | 8,913 | |
Tax Savings | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | 1,565 | -14,604 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,734 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179,378 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,598 | |
Total Capital In/Out | -34,780 | 4,583 | 4,953 | 4,915 | 5,730 | 6,138 | 6,559 | 6,489 | 7,445 | 7,910 | 8,390 | 8,283 | 9,400 | 9,930 | 203,973 | |
Total Return On Investment (IRR) | 23.08% |