Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,400 | 11,776 | 12,165 | 12,566 | 12,981 | 13,409 | 13,852 | 14,309 | 14,781 | 15,269 | 15,773 | 16,293 | 16,831 | 17,386 | 17,960 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | 6,792 | |
Estimated Annual Property Taxes | 312 | 321 | 331 | 341 | 351 | 362 | 373 | 384 | 395 | 407 | 419 | 432 | 445 | 458 | 472 | |
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) | 7,776 | 7,806 | 7,836 | 7,867 | 7,900 | 7,933 | 7,967 | 8,002 | 8,039 | 8,076 | 8,115 | 8,154 | 8,195 | 8,237 | 8,281 | |
Annual Cash Flows | 3,624 | 3,970 | 4,329 | 4,699 | 5,081 | 5,476 | 5,885 | 6,307 | 6,742 | 7,193 | 7,658 | 8,139 | 8,636 | 9,149 | 9,680 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 91 | 471 | 487 | 503 | 519 | 536 | 554 | 572 | 591 | 611 | 631 | 652 | 673 | 695 | 718 | |
Maintenance & Repairs | 0 | 883 | 912 | 942 | 974 | 1,006 | 1,039 | 1,073 | 1,109 | 1,145 | 1,183 | 1,222 | 1,262 | 1,304 | 1,347 | |
Tenant Placement Credit | -475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 475 | 200 | 200 | 524 | 200 | 200 | 200 | 596 | 200 | 200 | 200 | 679 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 91 | 1,554 | 1,599 | 1,969 | 1,693 | 1,742 | 1,793 | 2,242 | 1,900 | 1,956 | 2,014 | 2,553 | 2,136 | 2,199 | 2,265 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,850 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,533 | 2,416 | 2,730 | 2,730 | 3,388 | 3,734 | 4,092 | 4,065 | 4,843 | 5,237 | 5,644 | 5,586 | 6,500 | 6,950 | 7,414 | |
Tax Savings | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | 1,368 | -12,765 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,573 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 156,791 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,619 | |
Total Capital In/Out | -31,450 | 3,784 | 4,097 | 4,098 | 4,756 | 5,102 | 5,459 | 5,432 | 6,210 | 6,605 | 7,012 | 6,954 | 7,868 | 8,317 | 178,245 | |
Total Return On Investment (IRR) | 22.06% |