Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,380 | 13,822 | 14,278 | 14,749 | 15,236 | 15,738 | 16,258 | 16,794 | 17,348 | 17,921 | 18,512 | 19,123 | 19,754 | 20,406 | 21,080 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | 7,361 | |
Estimated Annual Property Taxes | 933 | 961 | 990 | 1,020 | 1,050 | 1,082 | 1,114 | 1,147 | 1,182 | 1,217 | 1,254 | 1,291 | 1,330 | 1,370 | 1,411 | |
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) | 8,966 | 9,014 | 9,064 | 9,115 | 9,167 | 9,222 | 9,277 | 9,335 | 9,394 | 9,455 | 9,518 | 9,583 | 9,649 | 9,718 | 9,789 | |
Annual Cash Flows | 4,414 | 4,807 | 5,214 | 5,634 | 6,068 | 6,517 | 6,980 | 7,459 | 7,954 | 8,466 | 8,994 | 9,540 | 10,105 | 10,688 | 11,291 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 107 | 553 | 571 | 590 | 609 | 630 | 650 | 672 | 694 | 717 | 740 | 765 | 790 | 816 | 843 | |
Maintenance & Repairs | 0 | 1,037 | 1,071 | 1,106 | 1,143 | 1,180 | 1,219 | 1,260 | 1,301 | 1,344 | 1,388 | 1,434 | 1,482 | 1,530 | 1,581 | |
Tenant Placement Credit | -558 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 558 | 200 | 200 | 615 | 200 | 200 | 200 | 700 | 200 | 200 | 200 | 797 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 107 | 1,789 | 1,842 | 2,311 | 1,952 | 2,010 | 2,070 | 2,631 | 2,195 | 2,261 | 2,329 | 2,996 | 2,472 | 2,547 | 2,624 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,775 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,307 | 3,018 | 3,372 | 3,323 | 4,116 | 4,507 | 4,911 | 4,828 | 5,759 | 6,205 | 6,665 | 6,544 | 7,633 | 8,141 | 8,667 | |
Tax Savings | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | 1,502 | -14,016 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,348 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 172,155 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,326 | |
Total Capital In/Out | -33,466 | 4,520 | 4,874 | 4,825 | 5,618 | 6,008 | 6,412 | 6,330 | 7,261 | 7,706 | 8,167 | 8,046 | 9,135 | 9,643 | 196,603 | |
Total Return On Investment (IRR) | 23.27% |