Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,900 | 16,425 | 16,967 | 17,527 | 18,105 | 18,702 | 19,320 | 19,957 | 20,616 | 21,296 | 21,999 | 22,725 | 23,475 | 24,249 | 25,050 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | 9,543 | |
Estimated Annual Property Taxes | 1,362 | 1,403 | 1,445 | 1,488 | 1,533 | 1,579 | 1,626 | 1,675 | 1,725 | 1,777 | 1,830 | 1,885 | 1,942 | 2,000 | 2,060 | |
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) | 11,577 | 11,638 | 11,701 | 11,766 | 11,832 | 11,901 | 11,972 | 12,045 | 12,120 | 12,197 | 12,277 | 12,359 | 12,443 | 12,530 | 12,620 | |
Annual Cash Flows | 4,323 | 4,786 | 5,266 | 5,761 | 6,273 | 6,801 | 7,348 | 7,912 | 8,496 | 9,099 | 9,722 | 10,366 | 11,032 | 11,719 | 12,430 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 127 | 657 | 679 | 701 | 724 | 748 | 773 | 798 | 825 | 852 | 880 | 909 | 939 | 970 | 1,002 | |
Maintenance & Repairs | 0 | 1,232 | 1,273 | 1,314 | 1,358 | 1,403 | 1,449 | 1,497 | 1,546 | 1,597 | 1,650 | 1,704 | 1,761 | 1,819 | 1,879 | |
Tenant Placement Credit | -663 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 663 | 200 | 200 | 730 | 200 | 200 | 200 | 832 | 200 | 200 | 200 | 947 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 127 | 2,089 | 2,151 | 2,746 | 2,282 | 2,351 | 2,422 | 3,127 | 2,571 | 2,649 | 2,730 | 3,560 | 2,900 | 2,989 | 3,081 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -41,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,400 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,196 | 2,698 | 3,114 | 3,015 | 3,990 | 4,451 | 4,926 | 4,786 | 5,925 | 6,450 | 6,992 | 6,806 | 8,132 | 8,731 | 9,349 | |
Tax Savings | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | 1,897 | -17,704 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,622 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 217,459 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -38,306 | |
Total Capital In/Out | -41,808 | 4,595 | 5,011 | 4,912 | 5,887 | 6,347 | 6,823 | 6,683 | 7,822 | 8,347 | 8,889 | 8,703 | 10,029 | 10,627 | 245,821 | |
Total Return On Investment (IRR) | 21.59% |