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 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | 6,053 | |
Estimated Annual Property Taxes | 656 | 676 | 696 | 717 | 738 | 760 | 783 | 807 | 831 | 856 | 882 | 908 | 935 | 963 | 992 | |
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) | 7,381 | 7,421 | 7,462 | 7,504 | 7,547 | 7,592 | 7,638 | 7,686 | 7,735 | 7,786 | 7,838 | 7,891 | 7,946 | 8,003 | 8,062 | |
Annual Cash Flows | 3,359 | 3,674 | 3,999 | 4,335 | 4,682 | 5,041 | 5,411 | 5,794 | 6,190 | 6,599 | 7,022 | 7,459 | 7,910 | 8,377 | 8,859 | |
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 | -26,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,273 | 2,198 | 2,481 | 2,480 | 3,076 | 3,388 | 3,711 | 3,683 | 4,389 | 4,745 | 5,113 | 5,054 | 5,887 | 6,293 | 6,713 | |
Tax Savings | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | 1,235 | -11,525 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,487 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 141,559 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,936 | |
Total Capital In/Out | -28,942 | 3,433 | 3,716 | 3,715 | 4,310 | 4,623 | 4,945 | 4,917 | 5,624 | 5,980 | 6,348 | 6,289 | 7,122 | 7,528 | 161,248 | |
Total Return On Investment (IRR) | 21.83% |