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 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | |
Estimated Annual Property Taxes | 987 | 1,017 | 1,047 | 1,079 | 1,111 | 1,144 | 1,179 | 1,214 | 1,250 | 1,288 | 1,326 | 1,366 | 1,407 | 1,449 | 1,493 | |
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) | 8,391 | 8,441 | 8,492 | 8,545 | 8,599 | 8,655 | 8,713 | 8,773 | 8,834 | 8,897 | 8,962 | 9,029 | 9,098 | 9,168 | 9,242 | |
Annual Cash Flows | 3,909 | 4,265 | 4,633 | 5,013 | 5,406 | 5,813 | 6,232 | 6,666 | 7,114 | 7,578 | 8,056 | 8,551 | 9,062 | 9,591 | 10,136 | |
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 | -29,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,810 | 2,604 | 2,924 | 2,889 | 3,596 | 3,949 | 4,314 | 4,247 | 5,080 | 5,483 | 5,899 | 5,797 | 6,774 | 7,233 | 7,708 | |
Tax Savings | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | -12,818 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,012 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,735 | |
Total Capital In/Out | -31,291 | 3,977 | 4,297 | 4,263 | 4,969 | 5,322 | 5,687 | 5,621 | 6,454 | 6,856 | 7,273 | 7,170 | 8,147 | 8,607 | 179,589 | |
Total Return On Investment (IRR) | 22.59% |