Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,400 | 11,776 | 12,165 | 12,566 | 12,981 | 13,409 | 13,852 | 14,309 | 14,781 | 15,269 | 15,773 | 16,293 | 16,831 | 17,386 | 17,960 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | 6,840 | |
Estimated Annual Property Taxes | 605 | 623 | 642 | 661 | 681 | 701 | 722 | 744 | 766 | 789 | 813 | 837 | 863 | 888 | 915 | |
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) | 8,117 | 8,156 | 8,195 | 8,236 | 8,278 | 8,321 | 8,365 | 8,411 | 8,458 | 8,507 | 8,557 | 8,608 | 8,661 | 8,716 | 8,772 | |
Annual Cash Flows | 3,283 | 3,620 | 3,970 | 4,330 | 4,703 | 5,088 | 5,487 | 5,898 | 6,323 | 6,762 | 7,216 | 7,685 | 8,170 | 8,671 | 9,188 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 91 | 471 | 487 | 503 | 519 | 536 | 554 | 572 | 591 | 611 | 631 | 652 | 673 | 695 | 718 | |
Maintenance & Repairs | 0 | 883 | 912 | 942 | 974 | 1,006 | 1,039 | 1,073 | 1,109 | 1,145 | 1,183 | 1,222 | 1,262 | 1,304 | 1,347 | |
Tenant Placement Credit | -475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 475 | 200 | 200 | 524 | 200 | 200 | 200 | 596 | 200 | 200 | 200 | 679 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 91 | 1,554 | 1,599 | 1,969 | 1,693 | 1,742 | 1,793 | 2,242 | 1,900 | 1,956 | 2,014 | 2,553 | 2,136 | 2,199 | 2,265 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,675 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,675 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,191 | 2,066 | 2,371 | 2,362 | 3,010 | 3,346 | 3,694 | 3,656 | 4,423 | 4,806 | 5,202 | 5,133 | 6,034 | 6,471 | 6,923 | |
Tax Savings | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | 1,360 | -12,690 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,100 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,872 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,457 | |
Total Capital In/Out | -31,624 | 3,426 | 3,730 | 3,721 | 4,370 | 4,706 | 5,053 | 5,016 | 5,783 | 6,166 | 6,562 | 6,492 | 7,394 | 7,831 | 176,423 | |
Total Return On Investment (IRR) | 21.17% |