Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,700 | 15,185 | 15,686 | 16,204 | 16,739 | 17,291 | 17,862 | 18,451 | 19,060 | 19,689 | 20,339 | 21,010 | 21,703 | 22,419 | 23,159 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | 8,750 | |
Estimated Annual Property Taxes | 943 | 971 | 1,000 | 1,030 | 1,061 | 1,093 | 1,126 | 1,160 | 1,195 | 1,230 | 1,267 | 1,305 | 1,344 | 1,385 | 1,426 | |
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) | 10,365 | 10,414 | 10,464 | 10,515 | 10,568 | 10,622 | 10,679 | 10,736 | 10,796 | 10,857 | 10,921 | 10,986 | 11,053 | 11,122 | 11,193 | |
Annual Cash Flows | 4,335 | 4,771 | 5,223 | 5,689 | 6,171 | 6,668 | 7,183 | 7,715 | 8,264 | 8,831 | 9,418 | 10,024 | 10,650 | 11,297 | 11,966 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 118 | 607 | 627 | 648 | 670 | 692 | 714 | 738 | 762 | 788 | 814 | 840 | 868 | 897 | 926 | |
Maintenance & Repairs | 0 | 1,139 | 1,176 | 1,215 | 1,255 | 1,297 | 1,340 | 1,384 | 1,429 | 1,477 | 1,525 | 1,576 | 1,628 | 1,681 | 1,737 | |
Tenant Placement Credit | -613 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 613 | 200 | 200 | 675 | 200 | 200 | 200 | 769 | 200 | 200 | 200 | 875 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 118 | 1,946 | 2,004 | 2,539 | 2,125 | 2,188 | 2,254 | 2,891 | 2,392 | 2,464 | 2,539 | 3,292 | 2,696 | 2,778 | 2,863 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -37,475 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,475 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,217 | 2,825 | 3,219 | 3,150 | 4,046 | 4,480 | 4,929 | 4,824 | 5,872 | 6,367 | 6,879 | 6,732 | 7,954 | 8,519 | 9,103 | |
Tax Savings | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | 1,717 | -16,026 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,023 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 196,843 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34,674 | |
Total Capital In/Out | -38,041 | 4,542 | 4,936 | 4,867 | 5,763 | 6,197 | 6,646 | 6,541 | 7,589 | 8,084 | 8,596 | 8,449 | 9,671 | 10,236 | 222,743 | |
Total Return On Investment (IRR) | 22.23% |