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 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | 7,577 | |
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) | 9,285 | 9,336 | 9,389 | 9,443 | 9,499 | 9,557 | 9,616 | 9,678 | 9,741 | 9,805 | 9,872 | 9,941 | 10,012 | 10,085 | 10,160 | |
Annual Cash Flows | 3,315 | 3,680 | 4,056 | 4,446 | 4,848 | 5,264 | 5,694 | 6,138 | 6,596 | 7,071 | 7,561 | 8,067 | 8,591 | 9,131 | 9,690 | |
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 | 3,214 | 1,983 | 2,310 | 2,270 | 2,998 | 3,359 | 3,733 | 3,660 | 4,518 | 4,930 | 5,356 | 5,246 | 6,251 | 6,721 | 7,207 | |
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 | 25,997 | |
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 | -34,249 | 3,470 | 3,797 | 3,757 | 4,485 | 4,846 | 5,220 | 5,147 | 6,005 | 6,417 | 6,843 | 6,733 | 7,738 | 8,208 | 192,201 | |
Total Return On Investment (IRR) | 20.75% |