Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | 8,287 | |
Estimated Annual Property Taxes | 1,080 | 1,112 | 1,146 | 1,180 | 1,216 | 1,252 | 1,290 | 1,328 | 1,368 | 1,409 | 1,451 | 1,495 | 1,540 | 1,586 | 1,634 | |
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) | 10,039 | 10,092 | 10,146 | 10,202 | 10,259 | 10,319 | 10,379 | 10,442 | 10,507 | 10,573 | 10,642 | 10,713 | 10,785 | 10,860 | 10,938 | |
Annual Cash Flows | 4,961 | 5,403 | 5,860 | 6,333 | 6,821 | 7,325 | 7,847 | 8,385 | 8,942 | 9,517 | 10,112 | 10,726 | 11,361 | 12,016 | 12,694 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -36,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,900 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,841 | 3,421 | 3,819 | 3,742 | 4,657 | 5,096 | 5,551 | 5,436 | 6,505 | 7,007 | 7,525 | 7,367 | 8,614 | 9,186 | 9,777 | |
Tax Savings | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | 1,691 | -15,780 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,790 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 193,822 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,142 | |
Total Capital In/Out | -36,869 | 5,112 | 5,510 | 5,433 | 6,347 | 6,787 | 7,241 | 7,126 | 8,196 | 8,697 | 9,216 | 9,058 | 10,304 | 10,876 | 221,367 | |
Total Return On Investment (IRR) | 23.65% |