Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,900 | 13,326 | 13,765 | 14,220 | 14,689 | 15,174 | 15,674 | 16,192 | 16,726 | 17,278 | 17,848 | 18,437 | 19,046 | 19,674 | 20,323 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | 7,367 | |
Estimated Annual Property Taxes | 949 | 977 | 1,007 | 1,037 | 1,068 | 1,100 | 1,133 | 1,167 | 1,202 | 1,238 | 1,275 | 1,314 | 1,353 | 1,394 | 1,435 | |
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) | 8,988 | 9,036 | 9,086 | 9,138 | 9,191 | 9,246 | 9,302 | 9,360 | 9,420 | 9,482 | 9,545 | 9,611 | 9,678 | 9,747 | 9,819 | |
Annual Cash Flows | 3,912 | 4,289 | 4,679 | 5,082 | 5,498 | 5,928 | 6,372 | 6,831 | 7,306 | 7,796 | 8,303 | 8,827 | 9,368 | 9,927 | 10,505 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 103 | 533 | 551 | 569 | 588 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | 762 | 787 | 813 | |
Maintenance & Repairs | 0 | 999 | 1,032 | 1,066 | 1,102 | 1,138 | 1,176 | 1,214 | 1,254 | 1,296 | 1,339 | 1,383 | 1,428 | 1,476 | 1,524 | |
Tenant Placement Credit | -538 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 538 | 200 | 200 | 592 | 200 | 200 | 200 | 675 | 200 | 200 | 200 | 768 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 103 | 1,732 | 1,783 | 2,228 | 1,889 | 1,945 | 2,003 | 2,537 | 2,123 | 2,187 | 2,253 | 2,888 | 2,390 | 2,463 | 2,537 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,809 | 2,557 | 2,896 | 2,854 | 3,609 | 3,983 | 4,370 | 4,295 | 5,182 | 5,609 | 6,050 | 5,938 | 6,977 | 7,464 | 7,967 | |
Tax Savings | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | 1,483 | -13,845 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,652 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,054 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,955 | |
Total Capital In/Out | -33,583 | 4,040 | 4,379 | 4,337 | 5,092 | 5,466 | 5,853 | 5,778 | 6,666 | 7,093 | 7,534 | 7,421 | 8,461 | 8,948 | 193,248 | |
Total Return On Investment (IRR) | 22.15% |