Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,140 | 19,772 | 20,424 | 21,098 | 21,794 | 22,514 | 23,256 | 24,024 | 24,817 | 25,636 | 26,482 | 27,356 | 28,258 | 29,191 | 30,154 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | 12,858 | |
Estimated Annual Property Taxes | 1,117 | 1,151 | 1,185 | 1,221 | 1,257 | 1,295 | 1,334 | 1,374 | 1,415 | 1,457 | 1,501 | 1,546 | 1,593 | 1,640 | 1,690 | |
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) | 14,647 | 14,701 | 14,756 | 14,813 | 14,871 | 14,932 | 14,994 | 15,058 | 15,124 | 15,192 | 15,262 | 15,334 | 15,409 | 15,485 | 15,564 | |
Annual Cash Flows | 4,493 | 5,071 | 5,668 | 6,285 | 6,923 | 7,582 | 8,262 | 8,966 | 9,693 | 10,443 | 11,219 | 12,021 | 12,850 | 13,706 | 14,590 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,025 | 1,059 | 1,094 | 1,130 | 1,168 | 1,206 | |
Maintenance & Repairs | 0 | 1,483 | 1,532 | 1,582 | 1,635 | 1,689 | 1,744 | 1,802 | 1,861 | 1,923 | 1,986 | 2,052 | 2,119 | 2,189 | 2,262 | |
Tenant Placement Credit | -798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 798 | 200 | 200 | 879 | 200 | 200 | 200 | 1,001 | 200 | 200 | 200 | 1,140 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,474 | 2,549 | 3,305 | 2,706 | 2,789 | 2,874 | 3,764 | 3,054 | 3,148 | 3,245 | 4,286 | 3,450 | 3,557 | 3,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -57,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,250 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,340 | 2,597 | 3,119 | 2,980 | 4,216 | 4,793 | 5,388 | 5,202 | 6,639 | 7,295 | 7,974 | 7,735 | 9,400 | 10,149 | 10,922 | |
Tax Savings | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | 2,623 | -24,482 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,770 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 347,631 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,971 | |
Total Capital In/Out | -56,787 | 5,220 | 5,742 | 5,603 | 6,840 | 7,416 | 8,011 | 7,825 | 9,262 | 9,918 | 10,597 | 10,359 | 12,023 | 12,772 | 386,120 | |
Total Return On Investment (IRR) | 21.20% |