Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,100 | 11,466 | 11,845 | 12,236 | 12,639 | 13,056 | 13,487 | 13,932 | 14,392 | 14,867 | 15,358 | 15,865 | 16,388 | 16,929 | 17,487 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | |
Estimated Annual Property Taxes | 656 | 676 | 696 | 717 | 738 | 760 | 783 | 807 | 831 | 856 | 882 | 908 | 935 | 963 | 992 | |
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) | 7,437 | 7,477 | 7,518 | 7,560 | 7,604 | 7,648 | 7,695 | 7,742 | 7,791 | 7,842 | 7,894 | 7,947 | 8,002 | 8,059 | 8,118 | |
Annual Cash Flows | 3,663 | 3,990 | 4,327 | 4,675 | 5,036 | 5,408 | 5,793 | 6,190 | 6,601 | 7,025 | 7,464 | 7,917 | 8,386 | 8,870 | 9,370 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 89 | 459 | 474 | 489 | 506 | 522 | 539 | 557 | 576 | 595 | 614 | 635 | 656 | 677 | 699 | |
Maintenance & Repairs | 0 | 860 | 888 | 918 | 948 | 979 | 1,012 | 1,045 | 1,079 | 1,115 | 1,152 | 1,190 | 1,229 | 1,270 | 1,312 | |
Tenant Placement Credit | -463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 463 | 200 | 200 | 510 | 200 | 200 | 200 | 581 | 200 | 200 | 200 | 661 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 89 | 1,519 | 1,562 | 1,917 | 1,654 | 1,701 | 1,751 | 2,183 | 1,855 | 1,910 | 1,966 | 2,485 | 2,085 | 2,147 | 2,211 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,574 | 2,471 | 2,765 | 2,759 | 3,382 | 3,706 | 4,042 | 4,007 | 4,746 | 5,116 | 5,498 | 5,432 | 6,301 | 6,723 | 7,159 | |
Tax Savings | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | -11,632 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,696 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142,872 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,167 | |
Total Capital In/Out | -28,879 | 3,717 | 4,011 | 4,005 | 4,628 | 4,953 | 5,288 | 5,254 | 5,992 | 6,362 | 6,744 | 6,678 | 7,547 | 7,969 | 163,128 | |
Total Return On Investment (IRR) | 22.61% |