Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,740 | 17,292 | 17,863 | 18,453 | 19,061 | 19,691 | 20,340 | 21,012 | 21,705 | 22,421 | 23,161 | 23,925 | 24,715 | 25,531 | 26,373 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | |
Estimated Annual Property Taxes | 1,313 | 1,352 | 1,393 | 1,435 | 1,478 | 1,522 | 1,568 | 1,615 | 1,663 | 1,713 | 1,765 | 1,817 | 1,872 | 1,928 | 1,986 | |
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) | 12,030 | 12,089 | 12,150 | 12,214 | 12,279 | 12,346 | 12,415 | 12,486 | 12,559 | 12,635 | 12,712 | 12,792 | 12,875 | 12,960 | 13,047 | |
Annual Cash Flows | 4,710 | 5,203 | 5,713 | 6,239 | 6,783 | 7,345 | 7,926 | 8,526 | 9,146 | 9,787 | 10,449 | 11,133 | 11,840 | 12,571 | 13,326 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 134 | 692 | 715 | 738 | 762 | 788 | 814 | 840 | 868 | 897 | 926 | 957 | 989 | 1,021 | 1,055 | |
Maintenance & Repairs | 0 | 1,297 | 1,340 | 1,384 | 1,430 | 1,477 | 1,526 | 1,576 | 1,628 | 1,682 | 1,737 | 1,794 | 1,854 | 1,915 | 1,978 | |
Tenant Placement Credit | -698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 698 | 200 | 200 | 769 | 200 | 200 | 200 | 875 | 200 | 200 | 200 | 997 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 134 | 2,189 | 2,254 | 2,891 | 2,392 | 2,464 | 2,539 | 3,292 | 2,696 | 2,778 | 2,864 | 3,748 | 3,042 | 3,136 | 3,233 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -43,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,577 | 3,015 | 3,458 | 3,348 | 4,391 | 4,880 | 5,386 | 5,234 | 6,450 | 7,008 | 7,585 | 7,385 | 8,798 | 9,435 | 10,093 | |
Tax Savings | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | -18,634 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,389 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228,884 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,318 | |
Total Capital In/Out | -43,502 | 5,011 | 5,455 | 5,345 | 6,387 | 6,877 | 7,383 | 7,230 | 8,446 | 9,005 | 9,582 | 9,381 | 10,795 | 11,431 | 258,988 | |
Total Return On Investment (IRR) | 22.02% |