Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 10,500 | 10,847 | 11,204 | 11,574 | 11,956 | 12,351 | 12,758 | 13,179 | 13,614 | 14,063 | 14,528 | 15,007 | 15,502 | 16,014 | 16,542 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | 5,918 | |
Estimated Annual Property Taxes | 585 | 603 | 621 | 639 | 658 | 678 | 699 | 719 | 741 | 763 | 786 | 810 | 834 | 859 | 885 | |
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) | 7,175 | 7,213 | 7,252 | 7,292 | 7,333 | 7,375 | 7,419 | 7,464 | 7,510 | 7,558 | 7,607 | 7,658 | 7,710 | 7,764 | 7,819 | |
Annual Cash Flows | 3,325 | 3,634 | 3,953 | 4,283 | 4,623 | 4,975 | 5,339 | 5,715 | 6,104 | 6,505 | 6,920 | 7,349 | 7,792 | 8,250 | 8,723 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 84 | 434 | 448 | 463 | 478 | 494 | 510 | 527 | 545 | 563 | 581 | 600 | 620 | 641 | 662 | |
Maintenance & Repairs | 0 | 813 | 840 | 868 | 897 | 926 | 957 | 988 | 1,021 | 1,055 | 1,090 | 1,126 | 1,163 | 1,201 | 1,241 | |
Tenant Placement Credit | -438 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 438 | 200 | 200 | 482 | 200 | 200 | 200 | 549 | 200 | 200 | 200 | 625 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 84 | 1,447 | 1,489 | 1,813 | 1,575 | 1,620 | 1,667 | 2,065 | 1,766 | 1,817 | 1,871 | 2,351 | 1,983 | 2,042 | 2,102 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -26,350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,350 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,241 | 2,186 | 2,464 | 2,469 | 3,048 | 3,355 | 3,672 | 3,651 | 4,338 | 4,688 | 5,050 | 4,998 | 5,809 | 6,208 | 6,621 | |
Tax Savings | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | 1,207 | -11,268 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,987 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 138,407 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -24,381 | |
Total Capital In/Out | -28,402 | 3,394 | 3,672 | 3,677 | 4,256 | 4,562 | 4,879 | 4,858 | 5,546 | 5,895 | 6,257 | 6,205 | 7,017 | 7,416 | 157,715 | |
Total Return On Investment (IRR) | 21.87% |