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 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | |
Estimated Annual Property Taxes | 1,191 | 1,227 | 1,264 | 1,301 | 1,340 | 1,381 | 1,422 | 1,465 | 1,509 | 1,554 | 1,601 | 1,649 | 1,698 | 1,749 | 1,801 | |
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) | 10,038 | 10,093 | 10,151 | 10,210 | 10,271 | 10,334 | 10,399 | 10,466 | 10,535 | 10,605 | 10,678 | 10,753 | 10,831 | 10,910 | 10,992 | |
Annual Cash Flows | 3,762 | 4,162 | 4,575 | 5,001 | 5,442 | 5,898 | 6,369 | 6,856 | 7,358 | 7,878 | 8,415 | 8,970 | 9,544 | 10,136 | 10,749 | |
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 | -35,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,925 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,652 | 2,323 | 2,681 | 2,618 | 3,435 | 3,831 | 4,241 | 4,142 | 5,101 | 5,552 | 6,019 | 5,880 | 7,001 | 7,516 | 8,048 | |
Tax Savings | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | 1,646 | -15,363 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,574 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,701 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,240 | |
Total Capital In/Out | -37,127 | 3,969 | 4,327 | 4,264 | 5,081 | 5,477 | 5,887 | 5,788 | 6,747 | 7,199 | 7,665 | 7,526 | 8,647 | 9,162 | 213,646 | |
Total Return On Investment (IRR) | 21.23% |