Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 19,140 | 19,772 | 20,424 | 21,098 | 21,794 | 22,514 | 23,256 | 24,024 | 24,817 | 25,636 | 26,482 | 27,356 | 28,258 | 29,191 | 30,154 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | 11,485 | |
Estimated Annual Property Taxes | 1,727 | 1,779 | 1,832 | 1,887 | 1,944 | 2,002 | 2,062 | 2,124 | 2,188 | 2,253 | 2,321 | 2,391 | 2,462 | 2,536 | 2,612 | |
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) | 13,884 | 13,956 | 14,030 | 14,107 | 14,185 | 14,266 | 14,350 | 14,436 | 14,524 | 14,615 | 14,709 | 14,806 | 14,906 | 15,008 | 15,114 | |
Annual Cash Flows | 5,256 | 5,815 | 6,394 | 6,991 | 7,609 | 8,247 | 8,907 | 9,588 | 10,292 | 11,020 | 11,772 | 12,550 | 13,353 | 14,183 | 15,040 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 153 | 791 | 817 | 844 | 872 | 901 | 930 | 961 | 993 | 1,025 | 1,059 | 1,094 | 1,130 | 1,168 | 1,206 | |
Maintenance & Repairs | 0 | 1,483 | 1,532 | 1,582 | 1,635 | 1,689 | 1,744 | 1,802 | 1,861 | 1,923 | 1,986 | 2,052 | 2,119 | 2,189 | 2,262 | |
Tenant Placement Credit | -798 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 798 | 200 | 200 | 879 | 200 | 200 | 200 | 1,001 | 200 | 200 | 200 | 1,140 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 153 | 2,474 | 2,549 | 3,305 | 2,706 | 2,789 | 2,874 | 3,764 | 3,054 | 3,148 | 3,245 | 4,286 | 3,450 | 3,557 | 3,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -49,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,103 | 3,342 | 3,845 | 3,686 | 4,903 | 5,458 | 6,032 | 5,824 | 7,239 | 7,872 | 8,527 | 8,264 | 9,903 | 10,626 | 11,372 | |
Tax Savings | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | 2,283 | -21,307 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,465 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 261,713 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -46,101 | |
Total Capital In/Out | -48,939 | 5,625 | 6,128 | 5,969 | 7,186 | 7,741 | 8,315 | 8,107 | 9,521 | 10,155 | 10,810 | 10,547 | 12,186 | 12,908 | 295,966 | |
Total Return On Investment (IRR) | 22.10% |