Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,800 | 14,255 | 14,726 | 15,212 | 15,714 | 16,232 | 16,768 | 17,321 | 17,893 | 18,483 | 19,093 | 19,723 | 20,374 | 21,047 | 21,741 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | 8,051 | |
Estimated Annual Property Taxes | 911 | 938 | 966 | 995 | 1,025 | 1,056 | 1,088 | 1,120 | 1,154 | 1,189 | 1,224 | 1,261 | 1,299 | 1,338 | 1,378 | |
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) | 9,634 | 9,681 | 9,730 | 9,780 | 9,832 | 9,886 | 9,941 | 9,998 | 10,056 | 10,116 | 10,178 | 10,242 | 10,308 | 10,375 | 10,445 | |
Annual Cash Flows | 4,166 | 4,574 | 4,996 | 5,431 | 5,881 | 6,347 | 6,827 | 7,324 | 7,837 | 8,367 | 8,915 | 9,482 | 10,067 | 10,671 | 11,296 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 110 | 570 | 589 | 608 | 629 | 649 | 671 | 693 | 716 | 739 | 764 | 789 | 815 | 842 | 870 | |
Maintenance & Repairs | 0 | 1,069 | 1,104 | 1,141 | 1,179 | 1,217 | 1,258 | 1,299 | 1,342 | 1,386 | 1,432 | 1,479 | 1,528 | 1,578 | 1,631 | |
Tenant Placement Credit | -575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 575 | 200 | 200 | 634 | 200 | 200 | 200 | 722 | 200 | 200 | 200 | 822 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 110 | 1,839 | 1,893 | 2,383 | 2,007 | 2,067 | 2,128 | 2,714 | 2,258 | 2,326 | 2,396 | 3,090 | 2,543 | 2,620 | 2,700 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,056 | 2,735 | 3,102 | 3,048 | 3,874 | 4,280 | 4,699 | 4,610 | 5,579 | 6,042 | 6,520 | 6,392 | 7,524 | 8,051 | 8,596 | |
Tax Savings | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | -14,935 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,364 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,315 | |
Total Capital In/Out | -35,769 | 4,335 | 4,703 | 4,648 | 5,475 | 5,880 | 6,299 | 6,210 | 7,180 | 7,642 | 8,120 | 7,992 | 9,124 | 9,651 | 208,083 | |
Total Return On Investment (IRR) | 22.30% |