Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,540 | 16,053 | 16,583 | 17,130 | 17,695 | 18,279 | 18,882 | 19,505 | 20,149 | 20,814 | 21,501 | 22,210 | 22,943 | 23,700 | 24,482 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | 8,978 | |
Estimated Annual Property Taxes | 744 | 766 | 789 | 813 | 837 | 862 | 888 | 915 | 942 | 971 | 1,000 | 1,030 | 1,061 | 1,093 | 1,125 | |
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) | 10,394 | 10,437 | 10,480 | 10,525 | 10,572 | 10,620 | 10,669 | 10,720 | 10,772 | 10,826 | 10,881 | 10,938 | 10,997 | 11,058 | 11,120 | |
Annual Cash Flows | 5,146 | 5,616 | 6,102 | 6,604 | 7,123 | 7,659 | 8,213 | 8,786 | 9,377 | 9,988 | 10,620 | 11,272 | 11,946 | 12,643 | 13,363 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 124 | 642 | 663 | 685 | 708 | 731 | 755 | 780 | 806 | 833 | 860 | 888 | 918 | 948 | 979 | |
Maintenance & Repairs | 0 | 1,204 | 1,244 | 1,285 | 1,327 | 1,371 | 1,416 | 1,463 | 1,511 | 1,561 | 1,613 | 1,666 | 1,721 | 1,778 | 1,836 | |
Tenant Placement Credit | -648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 648 | 200 | 200 | 714 | 200 | 200 | 200 | 813 | 200 | 200 | 200 | 925 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 124 | 2,046 | 2,107 | 2,684 | 2,235 | 2,302 | 2,371 | 3,056 | 2,517 | 2,594 | 2,673 | 3,480 | 2,838 | 2,926 | 3,015 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,022 | 3,570 | 3,995 | 3,921 | 4,888 | 5,357 | 5,842 | 5,730 | 6,860 | 7,395 | 7,947 | 7,793 | 9,108 | 9,717 | 10,347 | |
Tax Savings | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | -17,095 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,356 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,974 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,987 | |
Total Capital In/Out | -39,622 | 5,402 | 5,827 | 5,752 | 6,720 | 7,189 | 7,673 | 7,561 | 8,692 | 9,226 | 9,779 | 9,624 | 10,939 | 11,549 | 239,570 | |
Total Return On Investment (IRR) | 23.52% |