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 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | 6,929 | |
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) | 8,206 | 8,244 | 8,284 | 8,324 | 8,366 | 8,409 | 8,454 | 8,500 | 8,547 | 8,595 | 8,645 | 8,697 | 8,750 | 8,804 | 8,861 | |
Annual Cash Flows | 3,194 | 3,532 | 3,881 | 4,242 | 4,615 | 5,000 | 5,398 | 5,809 | 6,234 | 6,674 | 7,128 | 7,597 | 8,081 | 8,582 | 9,100 | |
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 | 3,103 | 1,978 | 2,282 | 2,273 | 2,922 | 3,258 | 3,605 | 3,568 | 4,335 | 4,718 | 5,114 | 5,044 | 5,946 | 6,383 | 6,834 | |
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 | 23,774 | |
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 | -31,713 | 3,337 | 3,642 | 3,633 | 4,282 | 4,618 | 4,965 | 4,927 | 5,694 | 6,077 | 6,473 | 6,404 | 7,305 | 7,742 | 176,008 | |
Total Return On Investment (IRR) | 20.95% |