Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,400 | 11,776 | 12,165 | 12,566 | 12,981 | 13,409 | 13,852 | 14,309 | 14,781 | 15,269 | 15,773 | 16,293 | 16,831 | 17,386 | 17,960 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | 5,991 | |
Estimated Annual Property Taxes | 643 | 662 | 682 | 703 | 724 | 745 | 768 | 791 | 815 | 839 | 864 | 890 | 917 | 944 | 973 | |
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) | 7,306 | 7,345 | 7,386 | 7,428 | 7,471 | 7,515 | 7,561 | 7,608 | 7,657 | 7,707 | 7,758 | 7,811 | 7,866 | 7,922 | 7,980 | |
Annual Cash Flows | 4,094 | 4,431 | 4,779 | 5,138 | 5,510 | 5,894 | 6,291 | 6,701 | 7,124 | 7,562 | 8,015 | 8,482 | 8,965 | 9,464 | 9,980 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 91 | 471 | 487 | 503 | 519 | 536 | 554 | 572 | 591 | 611 | 631 | 652 | 673 | 695 | 718 | |
Maintenance & Repairs | 0 | 883 | 912 | 942 | 974 | 1,006 | 1,039 | 1,073 | 1,109 | 1,145 | 1,183 | 1,222 | 1,262 | 1,304 | 1,347 | |
Tenant Placement Credit | -475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 475 | 200 | 200 | 524 | 200 | 200 | 200 | 596 | 200 | 200 | 200 | 679 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 91 | 1,554 | 1,599 | 1,969 | 1,693 | 1,742 | 1,793 | 2,242 | 1,900 | 1,956 | 2,014 | 2,553 | 2,136 | 2,199 | 2,265 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -26,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,675 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,003 | 2,876 | 3,180 | 3,170 | 3,817 | 4,152 | 4,498 | 4,459 | 5,224 | 5,606 | 6,001 | 5,929 | 6,829 | 7,265 | 7,715 | |
Tax Savings | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | 1,222 | -11,407 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,258 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 140,114 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,681 | |
Total Capital In/Out | -27,950 | 4,099 | 4,402 | 4,392 | 5,039 | 5,374 | 5,720 | 5,681 | 6,447 | 6,828 | 7,223 | 7,152 | 8,052 | 8,487 | 160,673 | |
Total Return On Investment (IRR) | 23.98% |