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 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | 8,391 | |
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) | 9,431 | 9,462 | 9,494 | 9,527 | 9,561 | 9,596 | 9,632 | 9,670 | 9,708 | 9,748 | 9,788 | 9,830 | 9,873 | 9,918 | 9,964 | |
Annual Cash Flows | 4,069 | 4,484 | 4,912 | 5,354 | 5,811 | 6,283 | 6,771 | 7,275 | 7,796 | 8,334 | 8,890 | 9,464 | 10,058 | 10,671 | 11,305 | |
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 | 3,961 | 2,680 | 3,055 | 3,023 | 3,843 | 4,257 | 4,685 | 4,620 | 5,583 | 6,055 | 6,542 | 6,442 | 7,566 | 8,103 | 8,659 | |
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 | 29,562 | |
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 | -37,271 | 4,348 | 4,723 | 4,690 | 5,511 | 5,925 | 6,352 | 6,288 | 7,251 | 7,722 | 8,210 | 8,109 | 9,234 | 9,771 | 216,571 | |
Total Return On Investment (IRR) | 21.98% |