Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | |
Estimated Annual Property Taxes | 822 | 847 | 872 | 898 | 925 | 953 | 982 | 1,011 | 1,041 | 1,073 | 1,105 | 1,138 | 1,172 | 1,207 | 1,243 | |
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) | 9,349 | 9,394 | 9,440 | 9,488 | 9,537 | 9,587 | 9,639 | 9,693 | 9,748 | 9,804 | 9,863 | 9,923 | 9,985 | 10,049 | 10,115 | |
Annual Cash Flows | 4,991 | 5,419 | 5,862 | 6,319 | 6,792 | 7,280 | 7,785 | 8,307 | 8,845 | 9,402 | 9,978 | 10,572 | 11,186 | 11,821 | 12,477 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,876 | 3,516 | 3,902 | 3,843 | 4,714 | 5,141 | 5,581 | 5,487 | 6,507 | 6,993 | 7,496 | 7,361 | 8,552 | 9,106 | 9,679 | |
Tax Savings | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | -14,957 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,184 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,711 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,361 | |
Total Capital In/Out | -34,996 | 5,118 | 5,505 | 5,445 | 6,317 | 6,743 | 7,184 | 7,089 | 8,110 | 8,596 | 9,098 | 8,964 | 10,154 | 10,709 | 210,231 | |
Total Return On Investment (IRR) | 24.18% |