Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,620 | 14,069 | 14,534 | 15,013 | 15,509 | 16,021 | 16,549 | 17,095 | 17,660 | 18,242 | 18,844 | 19,466 | 20,109 | 20,772 | 21,458 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | |
Estimated Annual Property Taxes | 528 | 544 | 560 | 577 | 594 | 612 | 630 | 649 | 669 | 689 | 710 | 731 | 753 | 775 | 799 | |
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) | 9,262 | 9,298 | 9,335 | 9,373 | 9,413 | 9,453 | 9,495 | 9,538 | 9,582 | 9,628 | 9,675 | 9,723 | 9,773 | 9,824 | 9,877 | |
Annual Cash Flows | 4,358 | 4,771 | 5,199 | 5,640 | 6,096 | 6,567 | 7,054 | 7,557 | 8,077 | 8,614 | 9,169 | 9,743 | 10,335 | 10,948 | 11,580 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 109 | 563 | 581 | 601 | 620 | 641 | 662 | 684 | 706 | 730 | 754 | 779 | 804 | 831 | 858 | |
Maintenance & Repairs | 0 | 1,055 | 1,090 | 1,126 | 1,163 | 1,202 | 1,241 | 1,282 | 1,324 | 1,368 | 1,413 | 1,460 | 1,508 | 1,558 | 1,609 | |
Tenant Placement Credit | -568 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 568 | 200 | 200 | 626 | 200 | 200 | 200 | 712 | 200 | 200 | 200 | 811 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 109 | 1,818 | 1,871 | 2,352 | 1,984 | 2,042 | 2,103 | 2,678 | 2,231 | 2,298 | 2,367 | 3,050 | 2,512 | 2,589 | 2,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,249 | 2,953 | 3,327 | 3,288 | 4,113 | 4,525 | 4,951 | 4,879 | 5,846 | 6,317 | 6,802 | 6,693 | 7,823 | 8,359 | 8,913 | |
Tax Savings | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | -14,957 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,404 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,711 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,361 | |
Total Capital In/Out | -35,624 | 4,556 | 4,930 | 4,890 | 5,715 | 6,127 | 6,554 | 6,482 | 7,449 | 7,919 | 8,405 | 8,296 | 9,425 | 9,961 | 208,685 | |
Total Return On Investment (IRR) | 22.80% |