Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | |
Estimated Annual Property Taxes | 820 | 845 | 870 | 896 | 923 | 951 | 979 | 1,008 | 1,039 | 1,070 | 1,102 | 1,135 | 1,169 | 1,204 | 1,240 | |
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) | 9,069 | 9,114 | 9,160 | 9,207 | 9,256 | 9,307 | 9,358 | 9,412 | 9,467 | 9,524 | 9,582 | 9,642 | 9,704 | 9,768 | 9,834 | |
Annual Cash Flows | 3,531 | 3,902 | 4,286 | 4,682 | 5,091 | 5,514 | 5,951 | 6,403 | 6,870 | 7,353 | 7,851 | 8,366 | 8,898 | 9,449 | 10,017 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,430 | 2,205 | 2,539 | 2,506 | 3,241 | 3,610 | 3,991 | 3,926 | 4,791 | 5,212 | 5,646 | 5,545 | 6,559 | 7,039 | 7,534 | |
Tax Savings | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | -13,877 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,997 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,025 | |
Total Capital In/Out | -34,033 | 3,692 | 4,026 | 3,993 | 4,728 | 5,097 | 5,478 | 5,412 | 6,278 | 6,699 | 7,133 | 7,032 | 8,046 | 8,525 | 192,528 | |
Total Return On Investment (IRR) | 21.28% |