Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,740 | 11,094 | 11,461 | 11,839 | 12,229 | 12,633 | 13,050 | 13,481 | 13,925 | 14,385 | 14,860 | 15,350 | 15,857 | 16,380 | 16,920 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | 6,333 | |
Estimated Annual Property Taxes | 614 | 632 | 651 | 671 | 691 | 712 | 733 | 755 | 778 | 801 | 825 | 850 | 875 | 902 | 929 | |
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) | 7,619 | 7,658 | 7,698 | 7,739 | 7,781 | 7,824 | 7,869 | 7,915 | 7,962 | 8,011 | 8,062 | 8,113 | 8,167 | 8,222 | 8,279 | |
Annual Cash Flows | 3,121 | 3,437 | 3,763 | 4,100 | 4,449 | 4,809 | 5,181 | 5,566 | 5,963 | 6,374 | 6,798 | 7,237 | 7,690 | 8,158 | 8,642 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 86 | 444 | 458 | 474 | 489 | 505 | 522 | 539 | 557 | 575 | 594 | 614 | 634 | 655 | 677 | |
Maintenance & Repairs | 0 | 832 | 860 | 888 | 917 | 947 | 979 | 1,011 | 1,044 | 1,079 | 1,114 | 1,151 | 1,189 | 1,228 | 1,269 | |
Tenant Placement Credit | -448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 448 | 200 | 200 | 493 | 200 | 200 | 200 | 562 | 200 | 200 | 200 | 640 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 86 | 1,476 | 1,518 | 1,855 | 1,606 | 1,653 | 1,701 | 2,112 | 1,801 | 1,854 | 1,909 | 2,405 | 2,024 | 2,084 | 2,146 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,475 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,035 | 1,961 | 2,245 | 2,245 | 2,842 | 3,156 | 3,480 | 3,454 | 4,162 | 4,519 | 4,889 | 4,832 | 5,666 | 6,074 | 6,496 | |
Tax Savings | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | 1,259 | -11,749 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,313 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144,316 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,422 | |
Total Capital In/Out | -29,681 | 3,220 | 3,504 | 3,504 | 4,101 | 4,415 | 4,739 | 4,712 | 5,420 | 5,778 | 6,148 | 6,091 | 6,925 | 7,333 | 163,430 | |
Total Return On Investment (IRR) | 21.10% |