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 | 887 | 914 | 941 | 969 | 998 | 1,028 | 1,059 | 1,091 | 1,124 | 1,157 | 1,192 | 1,228 | 1,265 | 1,303 | 1,342 | |
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) | 8,920 | 8,967 | 9,015 | 9,065 | 9,116 | 9,168 | 9,223 | 9,278 | 9,336 | 9,395 | 9,456 | 9,519 | 9,584 | 9,650 | 9,719 | |
Annual Cash Flows | 4,460 | 4,855 | 5,263 | 5,684 | 6,120 | 6,570 | 7,035 | 7,516 | 8,012 | 8,526 | 9,056 | 9,604 | 10,170 | 10,756 | 11,360 | |
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 | 4,353 | 3,065 | 3,421 | 3,374 | 4,168 | 4,560 | 4,965 | 4,885 | 5,817 | 6,265 | 6,727 | 6,608 | 7,699 | 8,209 | 8,736 | |
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 | -33,420 | 4,567 | 4,922 | 4,875 | 5,669 | 6,062 | 6,467 | 6,386 | 7,319 | 7,766 | 8,229 | 8,110 | 9,200 | 9,711 | 196,673 | |
Total Return On Investment (IRR) | 23.40% |