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 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | |
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) | 8,846 | 8,884 | 8,924 | 8,964 | 9,006 | 9,048 | 9,092 | 9,138 | 9,185 | 9,233 | 9,283 | 9,334 | 9,387 | 9,441 | 9,497 | |
Annual Cash Flows | 3,754 | 4,131 | 4,522 | 4,925 | 5,342 | 5,772 | 6,217 | 6,677 | 7,152 | 7,643 | 8,150 | 8,675 | 9,216 | 9,776 | 10,354 | |
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 | -33,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,300 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,653 | 2,435 | 2,776 | 2,749 | 3,492 | 3,868 | 4,257 | 4,199 | 5,074 | 5,502 | 5,946 | 5,853 | 6,877 | 7,366 | 7,871 | |
Tax Savings | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | 1,526 | -14,240 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,413 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 174,913 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,811 | |
Total Capital In/Out | -34,621 | 3,960 | 4,301 | 4,275 | 5,018 | 5,394 | 5,783 | 5,725 | 6,599 | 7,028 | 7,471 | 7,379 | 8,403 | 8,892 | 198,446 | |
Total Return On Investment (IRR) | 21.72% |