Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,740 | 17,292 | 17,863 | 18,453 | 19,061 | 19,691 | 20,340 | 21,012 | 21,705 | 22,421 | 23,161 | 23,925 | 24,715 | 25,531 | 26,373 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | 10,045 | |
Estimated Annual Property Taxes | 1,289 | 1,328 | 1,368 | 1,409 | 1,451 | 1,494 | 1,539 | 1,585 | 1,633 | 1,682 | 1,732 | 1,784 | 1,838 | 1,893 | 1,950 | |
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) | 12,006 | 12,064 | 12,125 | 12,187 | 12,252 | 12,318 | 12,386 | 12,456 | 12,529 | 12,603 | 12,680 | 12,759 | 12,840 | 12,924 | 13,011 | |
Annual Cash Flows | 4,734 | 5,228 | 5,738 | 6,265 | 6,810 | 7,373 | 7,954 | 8,555 | 9,176 | 9,818 | 10,481 | 11,166 | 11,874 | 12,606 | 13,362 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 134 | 692 | 715 | 738 | 762 | 788 | 814 | 840 | 868 | 897 | 926 | 957 | 989 | 1,021 | 1,055 | |
Maintenance & Repairs | 0 | 1,297 | 1,340 | 1,384 | 1,430 | 1,477 | 1,526 | 1,576 | 1,628 | 1,682 | 1,737 | 1,794 | 1,854 | 1,915 | 1,978 | |
Tenant Placement Credit | -698 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 698 | 200 | 200 | 769 | 200 | 200 | 200 | 875 | 200 | 200 | 200 | 997 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 134 | 2,189 | 2,254 | 2,891 | 2,392 | 2,464 | 2,539 | 3,292 | 2,696 | 2,778 | 2,864 | 3,748 | 3,042 | 3,136 | 3,233 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -43,575 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,575 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,601 | 3,039 | 3,484 | 3,374 | 4,418 | 4,908 | 5,415 | 5,263 | 6,480 | 7,040 | 7,618 | 7,418 | 8,832 | 9,470 | 10,129 | |
Tax Savings | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | 1,997 | -18,634 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,389 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 228,884 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40,318 | |
Total Capital In/Out | -43,478 | 5,036 | 5,480 | 5,371 | 6,414 | 6,905 | 7,412 | 7,260 | 8,477 | 9,036 | 9,614 | 9,415 | 10,829 | 11,467 | 259,024 | |
Total Return On Investment (IRR) | 22.07% |