Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | 7,434 | |
Estimated Annual Property Taxes | 503 | 518 | 534 | 550 | 566 | 583 | 601 | 619 | 637 | 656 | 676 | 696 | 717 | 739 | 761 | |
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) | 8,609 | 8,644 | 8,681 | 8,718 | 8,756 | 8,796 | 8,837 | 8,879 | 8,922 | 8,967 | 9,013 | 9,060 | 9,109 | 9,160 | 9,211 | |
Annual Cash Flows | 3,691 | 4,062 | 4,445 | 4,840 | 5,249 | 5,672 | 6,108 | 6,559 | 7,026 | 7,507 | 8,005 | 8,519 | 9,050 | 9,599 | 10,167 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -32,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,250 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,593 | 2,400 | 2,735 | 2,716 | 3,439 | 3,808 | 4,190 | 4,141 | 4,992 | 5,413 | 5,848 | 5,765 | 6,762 | 7,242 | 7,738 | |
Tax Savings | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | 1,478 | -13,791 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,191 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169,398 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,840 | |
Total Capital In/Out | -33,680 | 3,878 | 4,213 | 4,194 | 4,916 | 5,286 | 5,667 | 5,618 | 6,469 | 6,890 | 7,325 | 7,243 | 8,240 | 8,720 | 191,946 | |
Total Return On Investment (IRR) | 21.76% |