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 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | 7,094 | |
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) | 9,014 | 9,072 | 9,131 | 9,192 | 9,255 | 9,320 | 9,387 | 9,455 | 9,526 | 9,599 | 9,674 | 9,752 | 9,831 | 9,914 | 9,998 | |
Annual Cash Flows | 3,286 | 3,634 | 3,994 | 4,366 | 4,751 | 5,148 | 5,559 | 5,983 | 6,422 | 6,875 | 7,344 | 7,828 | 8,328 | 8,845 | 9,380 | |
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 | 3,188 | 1,973 | 2,285 | 2,242 | 2,940 | 3,284 | 3,640 | 3,565 | 4,388 | 4,781 | 5,187 | 5,074 | 6,040 | 6,488 | 6,951 | |
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 | 24,993 | |
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 | -32,677 | 3,383 | 3,695 | 3,652 | 4,350 | 4,694 | 5,050 | 4,975 | 5,798 | 6,191 | 6,597 | 6,484 | 7,450 | 7,898 | 182,734 | |
Total Return On Investment (IRR) | 20.86% |