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 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | 6,912 | |
Estimated Annual Property Taxes | 1,248 | 1,285 | 1,324 | 1,364 | 1,405 | 1,447 | 1,490 | 1,535 | 1,581 | 1,628 | 1,677 | 1,728 | 1,779 | 1,833 | 1,888 | |
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) | 8,832 | 8,889 | 8,949 | 9,010 | 9,073 | 9,138 | 9,204 | 9,273 | 9,344 | 9,417 | 9,492 | 9,570 | 9,649 | 9,731 | 9,816 | |
Annual Cash Flows | 3,468 | 3,816 | 4,176 | 4,548 | 4,933 | 5,330 | 5,741 | 6,165 | 6,604 | 7,057 | 7,526 | 8,010 | 8,510 | 9,028 | 9,562 | |
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 | -30,775 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,775 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,370 | 2,155 | 2,467 | 2,424 | 3,122 | 3,466 | 3,822 | 3,747 | 4,570 | 4,963 | 5,369 | 5,256 | 6,222 | 6,670 | 7,134 | |
Tax Savings | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | 1,410 | -13,161 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,679 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 161,650 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,475 | |
Total Capital In/Out | -32,495 | 3,565 | 3,877 | 3,834 | 4,532 | 4,877 | 5,232 | 5,157 | 5,980 | 6,373 | 6,779 | 6,666 | 7,632 | 8,080 | 183,602 | |
Total Return On Investment (IRR) | 21.30% |