Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,800 | 14,255 | 14,726 | 15,212 | 15,714 | 16,232 | 16,768 | 17,321 | 17,893 | 18,483 | 19,093 | 19,723 | 20,374 | 21,047 | 21,741 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | 7,844 | |
Estimated Annual Property Taxes | 765 | 788 | 812 | 836 | 861 | 887 | 913 | 941 | 969 | 998 | 1,028 | 1,059 | 1,091 | 1,123 | 1,157 | |
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) | 9,281 | 9,324 | 9,368 | 9,414 | 9,461 | 9,510 | 9,560 | 9,611 | 9,664 | 9,719 | 9,775 | 9,833 | 9,893 | 9,954 | 10,018 | |
Annual Cash Flows | 4,519 | 4,931 | 5,357 | 5,798 | 6,252 | 6,723 | 7,208 | 7,710 | 8,229 | 8,765 | 9,318 | 9,890 | 10,482 | 11,092 | 11,724 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 110 | 570 | 589 | 608 | 629 | 649 | 671 | 693 | 716 | 739 | 764 | 789 | 815 | 842 | 870 | |
Maintenance & Repairs | 0 | 1,069 | 1,104 | 1,141 | 1,179 | 1,217 | 1,258 | 1,299 | 1,342 | 1,386 | 1,432 | 1,479 | 1,528 | 1,578 | 1,631 | |
Tenant Placement Credit | -575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 575 | 200 | 200 | 634 | 200 | 200 | 200 | 722 | 200 | 200 | 200 | 822 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 110 | 1,839 | 1,893 | 2,383 | 2,007 | 2,067 | 2,128 | 2,714 | 2,258 | 2,326 | 2,396 | 3,090 | 2,543 | 2,620 | 2,700 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,409 | 3,092 | 3,464 | 3,414 | 4,245 | 4,656 | 5,080 | 4,996 | 5,971 | 6,439 | 6,922 | 6,800 | 7,939 | 8,472 | 9,023 | |
Tax Savings | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | -14,935 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,142 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,315 | |
Total Capital In/Out | -35,416 | 4,692 | 5,064 | 5,015 | 5,846 | 6,256 | 6,680 | 6,597 | 7,571 | 8,039 | 8,523 | 8,401 | 9,539 | 10,072 | 209,289 | |
Total Return On Investment (IRR) | 23.13% |