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 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | 6,643 | |
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) | 7,975 | 8,015 | 8,056 | 8,098 | 8,142 | 8,187 | 8,233 | 8,281 | 8,330 | 8,381 | 8,433 | 8,487 | 8,542 | 8,599 | 8,658 | |
Annual Cash Flows | 2,765 | 3,080 | 3,404 | 3,740 | 4,087 | 4,446 | 4,816 | 5,199 | 5,595 | 6,004 | 6,427 | 6,863 | 7,314 | 7,781 | 8,263 | |
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 | 2,679 | 1,604 | 1,887 | 1,886 | 2,481 | 2,793 | 3,116 | 3,087 | 3,794 | 4,150 | 4,518 | 4,458 | 5,291 | 5,697 | 6,117 | |
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 | 22,792 | |
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 | -30,967 | 2,907 | 3,190 | 3,189 | 3,784 | 4,097 | 4,419 | 4,391 | 5,097 | 5,453 | 5,821 | 5,762 | 6,595 | 7,001 | 168,307 | |
Total Return On Investment (IRR) | 20.05% |