Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 18,600 | 19,214 | 19,848 | 20,503 | 21,179 | 21,878 | 22,600 | 23,346 | 24,117 | 24,912 | 25,735 | 26,584 | 27,461 | 28,367 | 29,303 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | 11,599 | |
Estimated Annual Property Taxes | 840 | 865 | 891 | 918 | 945 | 974 | 1,003 | 1,033 | 1,064 | 1,096 | 1,129 | 1,163 | 1,198 | 1,234 | 1,271 | |
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) | 13,111 | 13,156 | 13,203 | 13,251 | 13,301 | 13,352 | 13,404 | 13,458 | 13,514 | 13,572 | 13,631 | 13,692 | 13,755 | 13,819 | 13,886 | |
Annual Cash Flows | 5,489 | 6,058 | 6,645 | 7,252 | 7,879 | 8,527 | 9,196 | 9,888 | 10,602 | 11,341 | 12,104 | 12,892 | 13,706 | 14,548 | 15,417 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 149 | 769 | 794 | 820 | 847 | 875 | 904 | 934 | 965 | 996 | 1,029 | 1,063 | 1,098 | 1,135 | 1,172 | |
Maintenance & Repairs | 0 | 1,441 | 1,489 | 1,538 | 1,588 | 1,641 | 1,695 | 1,751 | 1,809 | 1,868 | 1,930 | 1,994 | 2,060 | 2,128 | 2,198 | |
Tenant Placement Credit | -775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 775 | 200 | 200 | 854 | 200 | 200 | 200 | 973 | 200 | 200 | 200 | 1,108 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 149 | 2,410 | 2,483 | 3,212 | 2,636 | 2,716 | 2,799 | 3,658 | 2,973 | 3,065 | 3,159 | 4,165 | 3,358 | 3,462 | 3,570 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -49,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,675 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,340 | 3,648 | 4,162 | 4,040 | 5,243 | 5,811 | 6,397 | 6,230 | 7,629 | 8,276 | 8,944 | 8,727 | 10,348 | 11,086 | 11,848 | |
Tax Savings | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | 2,276 | -21,243 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,797 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 260,925 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45,962 | |
Total Capital In/Out | -48,559 | 5,924 | 6,438 | 6,316 | 7,519 | 8,087 | 8,673 | 8,506 | 9,905 | 10,552 | 11,220 | 11,003 | 12,624 | 13,362 | 295,039 | |
Total Return On Investment (IRR) | 22.62% |