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 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | 8,028 | |
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) | 9,587 | 9,633 | 9,682 | 9,731 | 9,782 | 9,835 | 9,889 | 9,945 | 10,002 | 10,062 | 10,123 | 10,186 | 10,250 | 10,317 | 10,386 | |
Annual Cash Flows | 3,793 | 4,188 | 4,596 | 5,018 | 5,453 | 5,903 | 6,369 | 6,849 | 7,346 | 7,859 | 8,390 | 8,938 | 9,504 | 10,089 | 10,694 | |
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 | -34,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,686 | 2,399 | 2,754 | 2,707 | 3,501 | 3,894 | 4,299 | 4,218 | 5,151 | 5,598 | 6,061 | 5,942 | 7,032 | 7,542 | 8,070 | |
Tax Savings | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | 1,596 | -14,892 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,283 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182,923 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,222 | |
Total Capital In/Out | -36,043 | 3,994 | 4,350 | 4,303 | 5,097 | 5,489 | 5,895 | 5,814 | 6,746 | 7,194 | 7,656 | 7,537 | 8,628 | 9,138 | 206,986 | |
Total Return On Investment (IRR) | 21.51% |