Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | 8,224 | |
Estimated Annual Property Taxes | 684 | 705 | 726 | 747 | 770 | 793 | 817 | 841 | 866 | 892 | 919 | 947 | 975 | 1,004 | 1,035 | |
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) | 9,580 | 9,620 | 9,662 | 9,705 | 9,750 | 9,795 | 9,843 | 9,891 | 9,941 | 9,993 | 10,046 | 10,101 | 10,157 | 10,215 | 10,275 | |
Annual Cash Flows | 5,420 | 5,875 | 6,344 | 6,829 | 7,330 | 7,848 | 8,383 | 8,936 | 9,508 | 10,098 | 10,708 | 11,338 | 11,989 | 12,662 | 13,357 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -35,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,675 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,300 | 3,893 | 4,304 | 4,239 | 5,166 | 5,619 | 6,087 | 5,987 | 7,071 | 7,587 | 8,121 | 7,979 | 9,242 | 9,831 | 10,440 | |
Tax Savings | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | 1,635 | -15,256 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,973 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 187,388 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,009 | |
Total Capital In/Out | -35,240 | 5,527 | 5,938 | 5,873 | 6,801 | 7,254 | 7,722 | 7,621 | 8,706 | 9,222 | 9,756 | 9,614 | 10,877 | 11,466 | 214,211 | |
Total Return On Investment (IRR) | 25.05% |