Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,740 | 11,094 | 11,461 | 11,839 | 12,229 | 12,633 | 13,050 | 13,481 | 13,925 | 14,385 | 14,860 | 15,350 | 15,857 | 16,380 | 16,920 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | 5,738 | |
Estimated Annual Property Taxes | 660 | 680 | 700 | 721 | 743 | 765 | 788 | 812 | 836 | 861 | 887 | 914 | 941 | 969 | 998 | |
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) | 7,070 | 7,110 | 7,151 | 7,194 | 7,238 | 7,283 | 7,329 | 7,377 | 7,426 | 7,476 | 7,528 | 7,582 | 7,637 | 7,694 | 7,753 | |
Annual Cash Flows | 3,670 | 3,984 | 4,309 | 4,645 | 4,992 | 5,350 | 5,721 | 6,104 | 6,500 | 6,909 | 7,331 | 7,768 | 8,219 | 8,685 | 9,167 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 86 | 444 | 458 | 474 | 489 | 505 | 522 | 539 | 557 | 575 | 594 | 614 | 634 | 655 | 677 | |
Maintenance & Repairs | 0 | 832 | 860 | 888 | 917 | 947 | 979 | 1,011 | 1,044 | 1,079 | 1,114 | 1,151 | 1,189 | 1,228 | 1,269 | |
Tenant Placement Credit | -448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 448 | 200 | 200 | 493 | 200 | 200 | 200 | 562 | 200 | 200 | 200 | 640 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 86 | 1,476 | 1,518 | 1,855 | 1,606 | 1,653 | 1,701 | 2,112 | 1,801 | 1,854 | 1,909 | 2,405 | 2,024 | 2,084 | 2,146 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -25,550 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,550 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,584 | 2,508 | 2,791 | 2,790 | 3,385 | 3,698 | 4,020 | 3,992 | 4,698 | 5,054 | 5,422 | 5,363 | 6,196 | 6,602 | 7,021 | |
Tax Savings | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | 1,171 | -10,926 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,319 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134,205 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,640 | |
Total Capital In/Out | -27,296 | 3,679 | 3,962 | 3,961 | 4,556 | 4,868 | 5,191 | 5,163 | 5,869 | 6,225 | 6,593 | 6,534 | 7,366 | 7,772 | 153,529 | |
Total Return On Investment (IRR) | 23.02% |