Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | 7,930 | |
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) | 9,442 | 9,487 | 9,534 | 9,582 | 9,631 | 9,682 | 9,735 | 9,789 | 9,845 | 9,902 | 9,962 | 10,023 | 10,085 | 10,150 | 10,217 | |
Annual Cash Flows | 4,058 | 4,459 | 4,872 | 5,299 | 5,741 | 6,197 | 6,668 | 7,156 | 7,659 | 8,179 | 8,717 | 9,272 | 9,846 | 10,439 | 11,052 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,400 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,950 | 2,655 | 3,015 | 2,968 | 3,773 | 4,171 | 4,582 | 4,501 | 5,446 | 5,900 | 6,369 | 6,249 | 7,354 | 7,871 | 8,406 | |
Tax Savings | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | 1,576 | -14,711 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,937 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 180,691 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,829 | |
Total Capital In/Out | -35,373 | 4,231 | 4,591 | 4,544 | 5,349 | 5,747 | 6,158 | 6,077 | 7,022 | 7,476 | 7,945 | 7,825 | 8,930 | 9,447 | 204,894 | |
Total Return On Investment (IRR) | 22.16% |