Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,300 | 15,805 | 16,326 | 16,865 | 17,422 | 17,997 | 18,591 | 19,204 | 19,838 | 20,492 | 21,169 | 21,867 | 22,589 | 23,334 | 24,104 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | 9,180 | |
Estimated Annual Property Taxes | 1,147 | 1,181 | 1,217 | 1,253 | 1,291 | 1,330 | 1,370 | 1,411 | 1,453 | 1,497 | 1,541 | 1,588 | 1,635 | 1,684 | 1,735 | |
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) | 10,999 | 11,054 | 11,110 | 11,168 | 11,227 | 11,289 | 11,352 | 11,417 | 11,484 | 11,554 | 11,625 | 11,698 | 11,774 | 11,851 | 11,932 | |
Annual Cash Flows | 4,301 | 4,751 | 5,217 | 5,697 | 6,194 | 6,708 | 7,238 | 7,787 | 8,353 | 8,939 | 9,544 | 10,169 | 10,815 | 11,483 | 12,173 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 122 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | 933 | 964 | |
Maintenance & Repairs | 0 | 1,185 | 1,224 | 1,265 | 1,307 | 1,350 | 1,394 | 1,440 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | 1,750 | 1,808 | |
Tenant Placement Credit | -638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 638 | 200 | 200 | 703 | 200 | 200 | 200 | 800 | 200 | 200 | 200 | 911 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 122 | 2,018 | 2,078 | 2,642 | 2,204 | 2,270 | 2,338 | 3,009 | 2,481 | 2,557 | 2,634 | 3,426 | 2,798 | 2,883 | 2,972 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,178 | 2,734 | 3,139 | 3,055 | 3,991 | 4,438 | 4,901 | 4,778 | 5,872 | 6,382 | 6,910 | 6,743 | 8,018 | 8,599 | 9,201 | |
Tax Savings | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | -17,031 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,343 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,186 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,849 | |
Total Capital In/Out | -40,322 | 4,558 | 4,964 | 4,880 | 5,816 | 6,263 | 6,725 | 6,603 | 7,697 | 8,207 | 8,734 | 8,568 | 9,842 | 10,424 | 236,676 | |
Total Return On Investment (IRR) | 21.79% |