Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | 7,405 | |
Estimated Annual Property Taxes | 597 | 615 | 633 | 652 | 672 | 692 | 713 | 734 | 756 | 779 | 802 | 826 | 851 | 877 | 903 | |
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) | 8,674 | 8,712 | 8,751 | 8,792 | 8,833 | 8,876 | 8,920 | 8,966 | 9,013 | 9,061 | 9,111 | 9,162 | 9,214 | 9,269 | 9,325 | |
Annual Cash Flows | 3,926 | 4,304 | 4,694 | 5,097 | 5,514 | 5,945 | 6,389 | 6,849 | 7,324 | 7,815 | 8,322 | 8,847 | 9,388 | 9,948 | 10,526 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,125 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,125 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,825 | 2,607 | 2,948 | 2,921 | 3,664 | 4,040 | 4,429 | 4,372 | 5,246 | 5,674 | 6,118 | 6,025 | 7,049 | 7,538 | 8,043 | |
Tax Savings | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | -13,738 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,090 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,741 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,724 | |
Total Capital In/Out | -33,328 | 4,079 | 4,420 | 4,393 | 5,136 | 5,512 | 5,901 | 5,843 | 6,717 | 7,146 | 7,590 | 7,497 | 8,521 | 9,010 | 191,537 | |
Total Return On Investment (IRR) | 22.31% |