Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,500 | 13,946 | 14,406 | 14,881 | 15,372 | 15,879 | 16,403 | 16,945 | 17,504 | 18,082 | 18,678 | 19,295 | 19,931 | 20,589 | 21,269 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | 8,175 | |
Estimated Annual Property Taxes | 368 | 379 | 390 | 402 | 414 | 427 | 439 | 453 | 466 | 480 | 495 | 509 | 525 | 540 | 557 | |
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) | 9,215 | 9,246 | 9,279 | 9,312 | 9,346 | 9,381 | 9,417 | 9,454 | 9,493 | 9,532 | 9,573 | 9,615 | 9,658 | 9,702 | 9,748 | |
Annual Cash Flows | 4,285 | 4,699 | 5,127 | 5,569 | 6,026 | 6,499 | 6,986 | 7,491 | 8,011 | 8,549 | 9,105 | 9,680 | 10,273 | 10,887 | 11,520 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 108 | 558 | 576 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 772 | 797 | 824 | 851 | |
Maintenance & Repairs | 0 | 1,046 | 1,080 | 1,116 | 1,153 | 1,191 | 1,230 | 1,271 | 1,313 | 1,356 | 1,401 | 1,447 | 1,495 | 1,544 | 1,595 | |
Tenant Placement Credit | -563 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 563 | 200 | 200 | 620 | 200 | 200 | 200 | 706 | 200 | 200 | 200 | 804 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 108 | 1,804 | 1,857 | 2,331 | 1,968 | 2,026 | 2,086 | 2,655 | 2,213 | 2,279 | 2,348 | 3,023 | 2,492 | 2,568 | 2,646 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -36,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,400 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,177 | 2,895 | 3,271 | 3,238 | 4,059 | 4,472 | 4,900 | 4,836 | 5,798 | 6,270 | 6,757 | 6,657 | 7,781 | 8,319 | 8,874 | |
Tax Savings | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | 1,668 | -15,566 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,373 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 191,196 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,680 | |
Total Capital In/Out | -37,055 | 4,563 | 4,938 | 4,906 | 5,726 | 6,140 | 6,568 | 6,504 | 7,466 | 7,938 | 8,425 | 8,325 | 9,449 | 9,987 | 217,598 | |
Total Return On Investment (IRR) | 22.44% |