Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | 7,382 | |
Estimated Annual Property Taxes | 771 | 794 | 818 | 842 | 868 | 894 | 921 | 948 | 977 | 1,006 | 1,036 | 1,067 | 1,099 | 1,132 | 1,166 | |
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) | 8,825 | 8,868 | 8,913 | 8,959 | 9,006 | 9,055 | 9,105 | 9,157 | 9,210 | 9,265 | 9,321 | 9,380 | 9,440 | 9,501 | 9,565 | |
Annual Cash Flows | 3,475 | 3,837 | 4,212 | 4,599 | 4,999 | 5,413 | 5,840 | 6,282 | 6,738 | 7,209 | 7,697 | 8,200 | 8,720 | 9,258 | 9,813 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,025 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,025 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,376 | 2,176 | 2,503 | 2,475 | 3,189 | 3,549 | 3,922 | 3,863 | 4,704 | 5,115 | 5,540 | 5,446 | 6,432 | 6,900 | 7,385 | |
Tax Savings | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | 1,467 | -13,695 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,009 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 168,216 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,632 | |
Total Capital In/Out | -33,681 | 3,644 | 3,970 | 3,943 | 4,656 | 5,016 | 5,389 | 5,330 | 6,171 | 6,582 | 7,007 | 6,913 | 7,899 | 8,368 | 190,307 | |
Total Return On Investment (IRR) | 21.23% |