Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,940 | 12,334 | 12,741 | 13,161 | 13,596 | 14,044 | 14,508 | 14,987 | 15,481 | 15,992 | 16,520 | 17,065 | 17,628 | 18,210 | 18,811 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | 7,355 | |
Estimated Annual Property Taxes | 379 | 390 | 402 | 414 | 427 | 439 | 453 | 466 | 480 | 495 | 509 | 525 | 540 | 557 | 573 | |
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) | 8,406 | 8,438 | 8,470 | 8,504 | 8,538 | 8,574 | 8,610 | 8,648 | 8,687 | 8,727 | 8,768 | 8,810 | 8,854 | 8,899 | 8,945 | |
Annual Cash Flows | 3,534 | 3,896 | 4,271 | 4,658 | 5,058 | 5,471 | 5,898 | 6,339 | 6,795 | 7,265 | 7,752 | 8,255 | 8,774 | 9,311 | 9,866 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 96 | 493 | 510 | 526 | 544 | 562 | 580 | 599 | 619 | 640 | 661 | 683 | 705 | 728 | 752 | |
Maintenance & Repairs | 0 | 925 | 956 | 987 | 1,020 | 1,053 | 1,088 | 1,124 | 1,161 | 1,199 | 1,239 | 1,280 | 1,322 | 1,366 | 1,411 | |
Tenant Placement Credit | -498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 498 | 200 | 200 | 548 | 200 | 200 | 200 | 624 | 200 | 200 | 200 | 711 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 96 | 1,618 | 1,665 | 2,062 | 1,764 | 1,815 | 1,868 | 2,348 | 1,980 | 2,039 | 2,100 | 2,674 | 2,227 | 2,294 | 2,363 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,438 | 2,278 | 2,605 | 2,596 | 3,294 | 3,656 | 4,029 | 3,991 | 4,814 | 5,226 | 5,652 | 5,581 | 6,547 | 7,017 | 7,503 | |
Tax Savings | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | -13,823 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,611 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169,792 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,909 | |
Total Capital In/Out | -33,906 | 3,759 | 4,087 | 4,077 | 4,775 | 5,137 | 5,510 | 5,472 | 6,295 | 6,707 | 7,133 | 7,062 | 8,028 | 8,498 | 192,497 | |
Total Return On Investment (IRR) | 21.42% |