Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,340 | 14,813 | 15,302 | 15,807 | 16,329 | 16,868 | 17,424 | 17,999 | 18,593 | 19,207 | 19,840 | 20,495 | 21,172 | 21,870 | 22,592 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | 7,855 | |
Estimated Annual Property Taxes | 410 | 422 | 435 | 448 | 461 | 475 | 490 | 504 | 519 | 535 | 551 | 568 | 585 | 602 | 620 | |
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) | 8,937 | 8,970 | 9,003 | 9,037 | 9,073 | 9,109 | 9,147 | 9,186 | 9,226 | 9,267 | 9,309 | 9,353 | 9,398 | 9,444 | 9,492 | |
Annual Cash Flows | 5,403 | 5,844 | 6,299 | 6,770 | 7,256 | 7,758 | 8,277 | 8,813 | 9,367 | 9,940 | 10,531 | 11,142 | 11,774 | 12,426 | 13,100 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 593 | 612 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | |
Maintenance & Repairs | 0 | 1,111 | 1,148 | 1,186 | 1,225 | 1,265 | 1,307 | 1,350 | 1,394 | 1,441 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | |
Tenant Placement Credit | -598 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 598 | 200 | 200 | 659 | 200 | 200 | 200 | 750 | 200 | 200 | 200 | 854 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,904 | 1,960 | 2,476 | 2,078 | 2,140 | 2,204 | 2,820 | 2,338 | 2,409 | 2,482 | 3,211 | 2,635 | 2,715 | 2,798 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,288 | 3,940 | 4,339 | 4,293 | 5,178 | 5,618 | 6,073 | 5,993 | 7,029 | 7,531 | 8,050 | 7,931 | 9,139 | 9,711 | 10,302 | |
Tax Savings | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | -14,957 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,184 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,711 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,361 | |
Total Capital In/Out | -34,584 | 5,543 | 5,942 | 5,896 | 6,780 | 7,221 | 7,676 | 7,596 | 8,632 | 9,133 | 9,652 | 9,534 | 10,742 | 11,314 | 210,854 | |
Total Return On Investment (IRR) | 25.26% |