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 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | 9,334 | |
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) | 10,750 | 10,792 | 10,836 | 10,881 | 10,928 | 10,976 | 11,025 | 11,075 | 11,128 | 11,182 | 11,237 | 11,294 | 11,353 | 11,413 | 11,476 | |
Annual Cash Flows | 4,790 | 5,260 | 5,746 | 6,249 | 6,767 | 7,304 | 7,857 | 8,430 | 9,021 | 9,632 | 10,264 | 10,916 | 11,590 | 12,287 | 13,007 | |
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 | 4,666 | 3,214 | 3,639 | 3,565 | 4,532 | 5,001 | 5,486 | 5,374 | 6,504 | 7,039 | 7,591 | 7,437 | 8,752 | 9,361 | 9,991 | |
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 | 32,025 | |
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 | -39,978 | 5,046 | 5,471 | 5,396 | 6,364 | 6,833 | 7,318 | 7,206 | 8,336 | 8,870 | 9,423 | 9,268 | 10,584 | 11,193 | 237,884 | |
Total Return On Investment (IRR) | 22.79% |