Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 15,000 | 15,495 | 16,006 | 16,535 | 17,080 | 17,644 | 18,226 | 18,828 | 19,449 | 20,091 | 20,754 | 21,439 | 22,146 | 22,877 | 23,632 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | 8,029 | |
Estimated Annual Property Taxes | 766 | 789 | 813 | 837 | 862 | 888 | 915 | 942 | 970 | 999 | 1,029 | 1,060 | 1,092 | 1,125 | 1,159 | |
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) | 9,467 | 9,510 | 9,555 | 9,601 | 9,648 | 9,696 | 9,746 | 9,798 | 9,851 | 9,905 | 9,962 | 10,020 | 10,079 | 10,141 | 10,204 | |
Annual Cash Flows | 5,533 | 5,985 | 6,452 | 6,934 | 7,432 | 7,948 | 8,480 | 9,030 | 9,598 | 10,185 | 10,792 | 11,419 | 12,067 | 12,736 | 13,427 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 120 | 620 | 640 | 661 | 683 | 706 | 729 | 753 | 778 | 804 | 830 | 858 | 886 | 915 | 945 | |
Maintenance & Repairs | 0 | 1,162 | 1,200 | 1,240 | 1,281 | 1,323 | 1,367 | 1,412 | 1,459 | 1,507 | 1,557 | 1,608 | 1,661 | 1,716 | 1,772 | |
Tenant Placement Credit | -625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 625 | 200 | 200 | 689 | 200 | 200 | 200 | 784 | 200 | 200 | 200 | 893 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 120 | 1,982 | 2,041 | 2,590 | 2,164 | 2,229 | 2,296 | 2,950 | 2,437 | 2,510 | 2,587 | 3,359 | 2,747 | 2,831 | 2,918 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -35,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,750 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,413 | 4,003 | 4,411 | 4,344 | 5,268 | 5,719 | 6,184 | 6,080 | 7,161 | 7,675 | 8,205 | 8,060 | 9,320 | 9,905 | 10,510 | |
Tax Savings | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | 1,638 | -15,288 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,830 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 187,782 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,078 | |
Total Capital In/Out | -35,199 | 5,641 | 6,049 | 5,982 | 6,906 | 7,357 | 7,822 | 7,718 | 8,799 | 9,313 | 9,843 | 9,698 | 10,958 | 11,543 | 215,506 | |
Total Return On Investment (IRR) | 25.29% |