Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,980 | 11,342 | 11,717 | 12,103 | 12,503 | 12,915 | 13,341 | 13,782 | 14,237 | 14,706 | 15,192 | 15,693 | 16,211 | 16,746 | 17,298 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | 6,502 | |
Estimated Annual Property Taxes | 399 | 411 | 423 | 436 | 449 | 463 | 476 | 491 | 505 | 521 | 536 | 552 | 569 | 586 | 604 | |
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) | 7,573 | 7,605 | 7,638 | 7,672 | 7,708 | 7,744 | 7,781 | 7,819 | 7,859 | 7,899 | 7,941 | 7,985 | 8,029 | 8,075 | 8,122 | |
Annual Cash Flows | 3,407 | 3,737 | 4,078 | 4,431 | 4,795 | 5,172 | 5,561 | 5,962 | 6,378 | 6,807 | 7,250 | 7,708 | 8,182 | 8,671 | 9,176 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 88 | 454 | 469 | 484 | 500 | 517 | 534 | 551 | 569 | 588 | 608 | 628 | 648 | 670 | 692 | |
Maintenance & Repairs | 0 | 851 | 879 | 908 | 938 | 969 | 1,001 | 1,034 | 1,068 | 1,103 | 1,139 | 1,177 | 1,216 | 1,256 | 1,297 | |
Tenant Placement Credit | -458 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 458 | 200 | 200 | 504 | 200 | 200 | 200 | 574 | 200 | 200 | 200 | 654 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 88 | 1,504 | 1,547 | 1,896 | 1,638 | 1,685 | 1,734 | 2,159 | 1,837 | 1,891 | 1,947 | 2,459 | 2,064 | 2,126 | 2,189 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -28,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,319 | 2,233 | 2,531 | 2,535 | 3,157 | 3,486 | 3,826 | 3,803 | 4,541 | 4,916 | 5,303 | 5,250 | 6,118 | 6,545 | 6,987 | |
Tax Savings | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | 1,309 | -12,220 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,524 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,094 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,439 | |
Total Capital In/Out | -30,447 | 3,542 | 3,840 | 3,844 | 4,467 | 4,796 | 5,136 | 5,113 | 5,850 | 6,225 | 6,612 | 6,559 | 7,427 | 7,854 | 170,521 | |
Total Return On Investment (IRR) | 21.72% |