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 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | 8,062 | |
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) | 9,676 | 9,725 | 9,774 | 9,826 | 9,879 | 9,933 | 9,989 | 10,047 | 10,107 | 10,168 | 10,231 | 10,296 | 10,363 | 10,432 | 10,503 | |
Annual Cash Flows | 3,944 | 4,345 | 4,759 | 5,188 | 5,630 | 6,087 | 6,560 | 7,048 | 7,553 | 8,074 | 8,613 | 9,170 | 9,745 | 10,340 | 10,954 | |
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 | -34,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,835 | 2,527 | 2,888 | 2,835 | 3,647 | 4,045 | 4,457 | 4,370 | 5,322 | 5,776 | 6,246 | 6,120 | 7,233 | 7,751 | 8,287 | |
Tax Savings | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | 1,602 | -14,957 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,404 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 183,711 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32,361 | |
Total Capital In/Out | -36,038 | 4,129 | 4,490 | 4,438 | 5,249 | 5,647 | 6,059 | 5,972 | 6,924 | 7,379 | 7,848 | 7,723 | 8,835 | 9,353 | 208,059 | |
Total Return On Investment (IRR) | 21.80% |