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 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | 9,059 | |
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) | 10,497 | 10,540 | 10,585 | 10,630 | 10,678 | 10,726 | 10,776 | 10,828 | 10,881 | 10,935 | 10,992 | 11,050 | 11,109 | 11,171 | 11,234 | |
Annual Cash Flows | 4,503 | 4,955 | 5,422 | 5,904 | 6,403 | 6,918 | 7,450 | 8,000 | 8,568 | 9,155 | 9,762 | 10,389 | 11,037 | 11,706 | 12,398 | |
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 | -39,300 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,300 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,383 | 2,973 | 3,381 | 3,314 | 4,238 | 4,689 | 5,154 | 5,050 | 6,131 | 6,645 | 7,175 | 7,030 | 8,290 | 8,875 | 9,480 | |
Tax Savings | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | 1,801 | -16,806 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31,917 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 206,429 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -36,363 | |
Total Capital In/Out | -39,616 | 4,773 | 5,182 | 5,114 | 6,039 | 6,489 | 6,955 | 6,851 | 7,932 | 8,446 | 8,976 | 8,831 | 10,090 | 10,676 | 233,956 | |
Total Return On Investment (IRR) | 22.33% |