Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,540 | 16,053 | 16,583 | 17,130 | 17,695 | 18,279 | 18,882 | 19,505 | 20,149 | 20,814 | 21,501 | 22,210 | 22,943 | 23,700 | 24,482 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | 9,094 | |
Estimated Annual Property Taxes | 904 | 931 | 959 | 988 | 1,017 | 1,048 | 1,079 | 1,112 | 1,145 | 1,180 | 1,215 | 1,251 | 1,289 | 1,328 | 1,367 | |
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) | 10,670 | 10,717 | 10,766 | 10,816 | 10,867 | 10,921 | 10,976 | 11,032 | 11,090 | 11,150 | 11,212 | 11,275 | 11,341 | 11,408 | 11,478 | |
Annual Cash Flows | 4,870 | 5,336 | 5,817 | 6,314 | 6,828 | 7,358 | 7,907 | 8,473 | 9,059 | 9,664 | 10,289 | 10,935 | 11,603 | 12,292 | 13,005 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 124 | 642 | 663 | 685 | 708 | 731 | 755 | 780 | 806 | 833 | 860 | 888 | 918 | 948 | 979 | |
Maintenance & Repairs | 0 | 1,204 | 1,244 | 1,285 | 1,327 | 1,371 | 1,416 | 1,463 | 1,511 | 1,561 | 1,613 | 1,666 | 1,721 | 1,778 | 1,836 | |
Tenant Placement Credit | -648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 648 | 200 | 200 | 714 | 200 | 200 | 200 | 813 | 200 | 200 | 200 | 925 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 124 | 2,046 | 2,107 | 2,684 | 2,235 | 2,302 | 2,371 | 3,056 | 2,517 | 2,594 | 2,673 | 3,480 | 2,838 | 2,926 | 3,015 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,450 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,746 | 3,290 | 3,710 | 3,630 | 4,593 | 5,056 | 5,535 | 5,418 | 6,542 | 7,070 | 7,616 | 7,455 | 8,764 | 9,367 | 9,989 | |
Tax Savings | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | 1,808 | -16,870 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,039 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207,217 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,502 | |
Total Capital In/Out | -39,396 | 5,097 | 5,517 | 5,438 | 6,400 | 6,864 | 7,343 | 7,225 | 8,349 | 8,878 | 9,424 | 9,263 | 10,572 | 11,174 | 235,323 | |
Total Return On Investment (IRR) | 23.01% |