Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,300 | 15,805 | 16,326 | 16,865 | 17,422 | 17,997 | 18,591 | 19,204 | 19,838 | 20,492 | 21,169 | 21,867 | 22,589 | 23,334 | 24,104 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | 8,944 | |
Estimated Annual Property Taxes | 1,240 | 1,277 | 1,316 | 1,355 | 1,396 | 1,437 | 1,481 | 1,525 | 1,571 | 1,618 | 1,666 | 1,716 | 1,768 | 1,821 | 1,876 | |
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) | 10,856 | 10,914 | 10,973 | 11,034 | 11,096 | 11,161 | 11,227 | 11,296 | 11,366 | 11,439 | 11,514 | 11,591 | 11,670 | 11,752 | 11,836 | |
Annual Cash Flows | 4,444 | 4,891 | 5,354 | 5,832 | 6,325 | 6,836 | 7,363 | 7,908 | 8,471 | 9,053 | 9,655 | 10,276 | 10,918 | 11,582 | 12,268 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 122 | 632 | 653 | 675 | 697 | 720 | 744 | 768 | 794 | 820 | 847 | 875 | 904 | 933 | 964 | |
Maintenance & Repairs | 0 | 1,185 | 1,224 | 1,265 | 1,307 | 1,350 | 1,394 | 1,440 | 1,488 | 1,537 | 1,588 | 1,640 | 1,694 | 1,750 | 1,808 | |
Tenant Placement Credit | -638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 638 | 200 | 200 | 703 | 200 | 200 | 200 | 800 | 200 | 200 | 200 | 911 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 122 | 2,018 | 2,078 | 2,642 | 2,204 | 2,270 | 2,338 | 3,009 | 2,481 | 2,557 | 2,634 | 3,426 | 2,798 | 2,883 | 2,972 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -39,825 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,825 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,321 | 2,874 | 3,276 | 3,189 | 4,122 | 4,566 | 5,025 | 4,900 | 5,990 | 6,497 | 7,020 | 6,850 | 8,121 | 8,699 | 9,296 | |
Tax Savings | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | -17,031 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,230 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 209,186 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,849 | |
Total Capital In/Out | -40,179 | 4,698 | 5,101 | 5,014 | 5,947 | 6,391 | 6,850 | 6,724 | 7,815 | 8,321 | 8,845 | 8,675 | 9,945 | 10,523 | 237,658 | |
Total Return On Investment (IRR) | 22.06% |