Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,620 | 14,069 | 14,534 | 15,013 | 15,509 | 16,021 | 16,549 | 17,095 | 17,660 | 18,242 | 18,844 | 19,466 | 20,109 | 20,772 | 21,458 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | 7,496 | |
Estimated Annual Property Taxes | 942 | 970 | 999 | 1,029 | 1,060 | 1,092 | 1,125 | 1,159 | 1,193 | 1,229 | 1,266 | 1,304 | 1,343 | 1,383 | 1,425 | |
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) | 9,110 | 9,158 | 9,208 | 9,259 | 9,312 | 9,367 | 9,423 | 9,481 | 9,540 | 9,602 | 9,665 | 9,730 | 9,797 | 9,866 | 9,937 | |
Annual Cash Flows | 4,510 | 4,911 | 5,326 | 5,754 | 6,196 | 6,654 | 7,126 | 7,615 | 8,119 | 8,641 | 9,179 | 9,736 | 10,312 | 10,906 | 11,521 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 109 | 563 | 581 | 601 | 620 | 641 | 662 | 684 | 706 | 730 | 754 | 779 | 804 | 831 | 858 | |
Maintenance & Repairs | 0 | 1,055 | 1,090 | 1,126 | 1,163 | 1,202 | 1,241 | 1,282 | 1,324 | 1,368 | 1,413 | 1,460 | 1,508 | 1,558 | 1,609 | |
Tenant Placement Credit | -568 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 568 | 200 | 200 | 626 | 200 | 200 | 200 | 712 | 200 | 200 | 200 | 811 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 109 | 1,818 | 1,871 | 2,352 | 1,984 | 2,042 | 2,103 | 2,678 | 2,231 | 2,298 | 2,367 | 3,050 | 2,512 | 2,589 | 2,668 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -33,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,375 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,401 | 3,093 | 3,454 | 3,402 | 4,213 | 4,611 | 5,023 | 4,936 | 5,888 | 6,343 | 6,812 | 6,687 | 7,799 | 8,317 | 8,853 | |
Tax Savings | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | 1,529 | -14,272 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,849 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 175,307 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,881 | |
Total Capital In/Out | -33,945 | 4,622 | 4,983 | 4,931 | 5,742 | 6,141 | 6,552 | 6,465 | 7,418 | 7,872 | 8,342 | 8,216 | 9,328 | 9,847 | 200,230 | |
Total Return On Investment (IRR) | 23.37% |