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 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | 6,558 | |
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) | 7,890 | 7,930 | 7,971 | 8,014 | 8,057 | 8,102 | 8,149 | 8,196 | 8,245 | 8,296 | 8,348 | 8,402 | 8,457 | 8,514 | 8,573 | |
Annual Cash Flows | 2,850 | 3,164 | 3,489 | 3,825 | 4,172 | 4,531 | 4,901 | 5,284 | 5,680 | 6,089 | 6,511 | 6,948 | 7,399 | 7,866 | 8,347 | |
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 | -28,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 2,764 | 1,689 | 1,971 | 1,970 | 2,566 | 2,878 | 3,201 | 3,172 | 3,879 | 4,235 | 4,603 | 4,543 | 5,376 | 5,782 | 6,202 | |
Tax Savings | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | 1,304 | -12,166 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,105 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149,438 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,324 | |
Total Capital In/Out | -30,882 | 2,992 | 3,275 | 3,274 | 3,869 | 4,181 | 4,504 | 4,476 | 5,182 | 5,538 | 5,906 | 5,847 | 6,679 | 7,085 | 168,704 | |
Total Return On Investment (IRR) | 20.26% |