Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | 5,778 | |
Estimated Annual Property Taxes | 544 | 560 | 577 | 594 | 612 | 631 | 650 | 669 | 689 | 710 | 731 | 753 | 776 | 799 | 823 | |
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) | 6,994 | 7,030 | 7,068 | 7,106 | 7,146 | 7,187 | 7,230 | 7,273 | 7,318 | 7,364 | 7,412 | 7,461 | 7,511 | 7,563 | 7,617 | |
Annual Cash Flows | 3,506 | 3,816 | 4,137 | 4,468 | 4,810 | 5,163 | 5,529 | 5,906 | 6,296 | 6,699 | 7,116 | 7,546 | 7,991 | 8,450 | 8,925 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -25,725 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,725 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,422 | 2,369 | 2,648 | 2,654 | 3,235 | 3,543 | 3,861 | 3,841 | 4,531 | 4,882 | 5,245 | 5,195 | 6,008 | 6,409 | 6,823 | |
Tax Savings | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | 1,179 | -11,001 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,465 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135,124 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,802 | |
Total Capital In/Out | -27,624 | 3,548 | 3,827 | 3,833 | 4,414 | 4,722 | 5,040 | 5,020 | 5,709 | 6,061 | 6,424 | 6,374 | 7,187 | 7,587 | 154,334 | |
Total Return On Investment (IRR) | 22.53% |