Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,600 | 13,016 | 13,445 | 13,889 | 14,347 | 14,821 | 15,310 | 15,815 | 16,337 | 16,876 | 17,433 | 18,008 | 18,603 | 19,217 | 19,851 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | 7,480 | |
Estimated Annual Property Taxes | 1,036 | 1,067 | 1,099 | 1,132 | 1,166 | 1,201 | 1,237 | 1,274 | 1,312 | 1,352 | 1,392 | 1,434 | 1,477 | 1,521 | 1,567 | |
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) | 9,188 | 9,239 | 9,292 | 9,346 | 9,402 | 9,460 | 9,520 | 9,581 | 9,644 | 9,709 | 9,776 | 9,844 | 9,915 | 9,988 | 10,064 | |
Annual Cash Flows | 3,412 | 3,776 | 4,153 | 4,543 | 4,945 | 5,361 | 5,790 | 6,234 | 6,693 | 7,167 | 7,658 | 8,164 | 8,687 | 9,228 | 9,787 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 101 | 521 | 538 | 556 | 574 | 593 | 612 | 633 | 653 | 675 | 697 | 720 | 744 | 769 | 794 | |
Maintenance & Repairs | 0 | 976 | 1,008 | 1,042 | 1,076 | 1,112 | 1,148 | 1,186 | 1,225 | 1,266 | 1,307 | 1,351 | 1,395 | 1,441 | 1,489 | |
Tenant Placement Credit | -525 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 525 | 200 | 200 | 579 | 200 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 101 | 1,697 | 1,746 | 2,176 | 1,850 | 1,904 | 1,961 | 2,478 | 2,079 | 2,141 | 2,205 | 2,821 | 2,339 | 2,410 | 2,483 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,311 | 2,080 | 2,407 | 2,367 | 3,095 | 3,456 | 3,830 | 3,757 | 4,615 | 5,027 | 5,453 | 5,343 | 6,348 | 6,818 | 7,304 | |
Tax Savings | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | 1,487 | -13,877 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,354 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 170,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,025 | |
Total Capital In/Out | -34,152 | 3,566 | 3,894 | 3,853 | 4,582 | 4,943 | 5,317 | 5,243 | 6,101 | 6,514 | 6,940 | 6,829 | 7,835 | 8,305 | 192,654 | |
Total Return On Investment (IRR) | 20.97% |