Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 14,400 | 14,875 | 15,366 | 15,873 | 16,397 | 16,938 | 17,497 | 18,074 | 18,671 | 19,287 | 19,924 | 20,581 | 21,260 | 21,962 | 22,686 | |
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 | 549 | 565 | 582 | 600 | 618 | 636 | 656 | 675 | 695 | 716 | 738 | 760 | 783 | 806 | 830 | |
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) | 9,250 | 9,287 | 9,325 | 9,363 | 9,403 | 9,445 | 9,487 | 9,531 | 9,576 | 9,622 | 9,670 | 9,719 | 9,770 | 9,822 | 9,876 | |
Annual Cash Flows | 5,150 | 5,588 | 6,042 | 6,510 | 6,994 | 7,493 | 8,010 | 8,544 | 9,095 | 9,665 | 10,253 | 10,862 | 11,490 | 12,139 | 12,810 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 115 | 595 | 615 | 635 | 656 | 678 | 700 | 723 | 747 | 771 | 797 | 823 | 850 | 878 | 907 | |
Maintenance & Repairs | 0 | 1,116 | 1,152 | 1,190 | 1,230 | 1,270 | 1,312 | 1,356 | 1,400 | 1,447 | 1,494 | 1,544 | 1,595 | 1,647 | 1,701 | |
Tenant Placement Credit | -600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 600 | 200 | 200 | 661 | 200 | 200 | 200 | 753 | 200 | 200 | 200 | 858 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 115 | 1,911 | 1,967 | 2,487 | 2,086 | 2,148 | 2,212 | 2,832 | 2,347 | 2,418 | 2,491 | 3,224 | 2,645 | 2,726 | 2,809 | |
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 | 5,035 | 3,678 | 4,074 | 4,023 | 4,908 | 5,346 | 5,798 | 5,712 | 6,748 | 7,247 | 7,762 | 7,637 | 8,845 | 9,414 | 10,001 | |
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 | -35,577 | 5,316 | 5,712 | 5,661 | 6,546 | 6,984 | 7,436 | 7,350 | 8,386 | 8,885 | 9,400 | 9,275 | 10,483 | 11,052 | 214,997 | |
Total Return On Investment (IRR) | 24.44% |