Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,100 | 11,466 | 11,845 | 12,236 | 12,639 | 13,056 | 13,487 | 13,932 | 14,392 | 14,867 | 15,358 | 15,865 | 16,388 | 16,929 | 17,487 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | 6,109 | |
Estimated Annual Property Taxes | 574 | 591 | 609 | 627 | 646 | 665 | 685 | 706 | 727 | 749 | 771 | 795 | 818 | 843 | 868 | |
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) | 7,355 | 7,392 | 7,431 | 7,470 | 7,511 | 7,553 | 7,597 | 7,641 | 7,687 | 7,735 | 7,783 | 7,834 | 7,885 | 7,939 | 7,994 | |
Annual Cash Flows | 3,745 | 4,074 | 4,414 | 4,765 | 5,128 | 5,503 | 5,891 | 6,291 | 6,705 | 7,132 | 7,574 | 8,031 | 8,503 | 8,990 | 9,494 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 89 | 459 | 474 | 489 | 506 | 522 | 539 | 557 | 576 | 595 | 614 | 635 | 656 | 677 | 699 | |
Maintenance & Repairs | 0 | 860 | 888 | 918 | 948 | 979 | 1,012 | 1,045 | 1,079 | 1,115 | 1,152 | 1,190 | 1,229 | 1,270 | 1,312 | |
Tenant Placement Credit | -463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 463 | 200 | 200 | 510 | 200 | 200 | 200 | 581 | 200 | 200 | 200 | 661 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 89 | 1,519 | 1,562 | 1,917 | 1,654 | 1,701 | 1,751 | 2,183 | 1,855 | 1,910 | 1,966 | 2,485 | 2,085 | 2,147 | 2,211 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -27,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,656 | 2,555 | 2,852 | 2,848 | 3,474 | 3,802 | 4,140 | 4,108 | 4,850 | 5,223 | 5,608 | 5,545 | 6,418 | 6,843 | 7,283 | |
Tax Savings | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | 1,246 | -11,632 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,696 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142,872 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -25,167 | |
Total Capital In/Out | -28,797 | 3,802 | 4,098 | 4,094 | 4,721 | 5,048 | 5,386 | 5,355 | 6,096 | 6,469 | 6,854 | 6,792 | 7,664 | 8,090 | 163,252 | |
Total Return On Investment (IRR) | 22.86% |