Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | 7,388 | |
Estimated Annual Property Taxes | 876 | 902 | 929 | 957 | 986 | 1,016 | 1,046 | 1,077 | 1,110 | 1,143 | 1,177 | 1,213 | 1,249 | 1,286 | 1,325 | |
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) | 8,936 | 8,982 | 9,030 | 9,079 | 9,130 | 9,182 | 9,236 | 9,292 | 9,349 | 9,408 | 9,468 | 9,531 | 9,595 | 9,661 | 9,729 | |
Annual Cash Flows | 3,664 | 4,033 | 4,415 | 4,810 | 5,217 | 5,638 | 6,074 | 6,523 | 6,988 | 7,468 | 7,965 | 8,478 | 9,008 | 9,555 | 10,121 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,050 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,050 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,563 | 2,337 | 2,669 | 2,634 | 3,367 | 3,734 | 4,113 | 4,046 | 4,909 | 5,328 | 5,760 | 5,656 | 6,668 | 7,145 | 7,638 | |
Tax Savings | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | 1,468 | -13,706 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,029 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,347 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,655 | |
Total Capital In/Out | -33,518 | 3,805 | 4,137 | 4,102 | 4,836 | 5,202 | 5,581 | 5,514 | 6,378 | 6,796 | 7,228 | 7,125 | 8,137 | 8,614 | 190,704 | |
Total Return On Investment (IRR) | 21.64% |