Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,700 | 12,086 | 12,485 | 12,897 | 13,323 | 13,762 | 14,216 | 14,685 | 15,170 | 15,671 | 16,188 | 16,722 | 17,274 | 17,844 | 18,433 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | 7,120 | |
Estimated Annual Property Taxes | 1,051 | 1,083 | 1,115 | 1,148 | 1,183 | 1,218 | 1,255 | 1,293 | 1,331 | 1,371 | 1,412 | 1,455 | 1,498 | 1,543 | 1,590 | |
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) | 8,843 | 8,894 | 8,948 | 9,002 | 9,059 | 9,117 | 9,177 | 9,239 | 9,302 | 9,368 | 9,435 | 9,505 | 9,576 | 9,650 | 9,726 | |
Annual Cash Flows | 2,857 | 3,192 | 3,537 | 3,895 | 4,264 | 4,645 | 5,039 | 5,447 | 5,868 | 6,303 | 6,753 | 7,217 | 7,698 | 8,194 | 8,707 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 94 | 483 | 499 | 516 | 533 | 550 | 569 | 587 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | |
Maintenance & Repairs | 0 | 906 | 936 | 967 | 999 | 1,032 | 1,066 | 1,101 | 1,138 | 1,175 | 1,214 | 1,254 | 1,296 | 1,338 | 1,382 | |
Tenant Placement Credit | -488 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 488 | 200 | 200 | 537 | 200 | 200 | 200 | 612 | 200 | 200 | 200 | 697 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 94 | 1,590 | 1,636 | 2,021 | 1,732 | 1,783 | 1,835 | 2,301 | 1,945 | 2,002 | 2,062 | 2,620 | 2,186 | 2,252 | 2,320 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -31,700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,700 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 2,764 | 1,602 | 1,902 | 1,874 | 2,532 | 2,863 | 3,205 | 3,146 | 3,923 | 4,301 | 4,691 | 4,598 | 5,511 | 5,942 | 6,387 | |
Tax Savings | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | 1,452 | -13,556 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,451 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166,509 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,331 | |
Total Capital In/Out | -33,984 | 3,054 | 3,354 | 3,326 | 3,984 | 4,315 | 4,657 | 4,599 | 5,376 | 5,753 | 6,144 | 6,050 | 6,964 | 7,394 | 188,160 | |
Total Return On Investment (IRR) | 19.83% |