Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,140 | 13,574 | 14,022 | 14,484 | 14,962 | 15,456 | 15,966 | 16,493 | 17,037 | 17,599 | 18,180 | 18,780 | 19,400 | 20,040 | 20,701 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | 7,884 | |
Estimated Annual Property Taxes | 524 | 540 | 556 | 573 | 590 | 607 | 626 | 644 | 664 | 684 | 704 | 725 | 747 | 770 | 793 | |
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) | 9,080 | 9,115 | 9,152 | 9,190 | 9,230 | 9,270 | 9,312 | 9,354 | 9,399 | 9,444 | 9,491 | 9,539 | 9,589 | 9,640 | 9,693 | |
Annual Cash Flows | 4,060 | 4,458 | 4,869 | 5,294 | 5,733 | 6,186 | 6,654 | 7,138 | 7,639 | 8,155 | 8,689 | 9,241 | 9,811 | 10,400 | 11,009 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 105 | 543 | 561 | 579 | 598 | 618 | 639 | 660 | 681 | 704 | 727 | 751 | 776 | 802 | 828 | |
Maintenance & Repairs | 0 | 1,018 | 1,052 | 1,086 | 1,122 | 1,159 | 1,197 | 1,237 | 1,278 | 1,320 | 1,364 | 1,409 | 1,455 | 1,503 | 1,553 | |
Tenant Placement Credit | -548 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 548 | 200 | 200 | 604 | 200 | 200 | 200 | 687 | 200 | 200 | 200 | 783 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 105 | 1,761 | 1,812 | 2,269 | 1,921 | 1,977 | 2,036 | 2,584 | 2,159 | 2,224 | 2,291 | 2,942 | 2,431 | 2,505 | 2,581 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,955 | 2,697 | 3,057 | 3,025 | 3,812 | 4,209 | 4,618 | 4,555 | 5,479 | 5,931 | 6,399 | 6,299 | 7,380 | 7,896 | 8,428 | |
Tax Savings | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | -14,625 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,775 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179,640 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,644 | |
Total Capital In/Out | -35,178 | 4,264 | 4,624 | 4,592 | 5,379 | 5,776 | 6,185 | 6,122 | 7,046 | 7,498 | 7,966 | 7,866 | 8,947 | 9,463 | 203,774 | |
Total Return On Investment (IRR) | 22.27% |