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 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | 10,175 | |
Estimated Annual Property Taxes | 1,597 | 1,645 | 1,694 | 1,745 | 1,797 | 1,851 | 1,907 | 1,964 | 2,023 | 2,084 | 2,146 | 2,211 | 2,277 | 2,345 | 2,416 | |
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) | 12,444 | 12,512 | 12,582 | 12,654 | 12,728 | 12,805 | 12,884 | 12,965 | 13,049 | 13,135 | 13,224 | 13,315 | 13,410 | 13,507 | 13,607 | |
Annual Cash Flows | 4,296 | 4,781 | 5,281 | 5,799 | 6,333 | 6,886 | 7,456 | 8,046 | 8,656 | 9,286 | 9,937 | 10,610 | 11,305 | 12,024 | 12,766 | |
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 | 4,163 | 2,592 | 3,027 | 2,908 | 3,941 | 4,421 | 4,917 | 4,755 | 5,960 | 6,508 | 7,074 | 6,862 | 8,263 | 8,888 | 9,534 | |
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 | 34,910 | |
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 | -43,916 | 4,589 | 5,024 | 4,904 | 5,938 | 6,418 | 6,914 | 6,751 | 7,957 | 8,504 | 9,070 | 8,858 | 10,260 | 10,884 | 257,949 | |
Total Return On Investment (IRR) | 21.24% |