Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,700 | 12,086 | 12,485 | 12,897 | 13,323 | 13,762 | 14,216 | 14,685 | 15,170 | 15,671 | 16,188 | 16,722 | 17,274 | 17,844 | 18,433 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | 6,732 | |
Estimated Annual Property Taxes | 591 | 609 | 627 | 646 | 665 | 685 | 706 | 727 | 749 | 771 | 794 | 818 | 843 | 868 | 894 | |
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) | 7,995 | 8,033 | 8,072 | 8,112 | 8,154 | 8,196 | 8,240 | 8,286 | 8,332 | 8,380 | 8,430 | 8,480 | 8,533 | 8,587 | 8,643 | |
Annual Cash Flows | 3,705 | 4,053 | 4,413 | 4,785 | 5,169 | 5,566 | 5,976 | 6,400 | 6,838 | 7,291 | 7,758 | 8,242 | 8,741 | 9,257 | 9,790 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 94 | 483 | 499 | 516 | 533 | 550 | 569 | 587 | 607 | 627 | 648 | 669 | 691 | 714 | 737 | |
Maintenance & Repairs | 0 | 906 | 936 | 967 | 999 | 1,032 | 1,066 | 1,101 | 1,138 | 1,175 | 1,214 | 1,254 | 1,296 | 1,338 | 1,382 | |
Tenant Placement Credit | -488 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 488 | 200 | 200 | 537 | 200 | 200 | 200 | 612 | 200 | 200 | 200 | 697 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 94 | 1,590 | 1,636 | 2,021 | 1,732 | 1,783 | 1,835 | 2,301 | 1,945 | 2,002 | 2,062 | 2,620 | 2,186 | 2,252 | 2,320 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,975 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,975 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,611 | 2,463 | 2,777 | 2,764 | 3,437 | 3,783 | 4,141 | 4,099 | 4,893 | 5,288 | 5,697 | 5,622 | 6,554 | 7,005 | 7,470 | |
Tax Savings | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | 1,373 | -12,818 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,012 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157,448 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,735 | |
Total Capital In/Out | -31,490 | 3,837 | 4,150 | 4,138 | 4,810 | 5,157 | 5,515 | 5,473 | 6,267 | 6,662 | 7,070 | 6,995 | 7,928 | 8,378 | 179,352 | |
Total Return On Investment (IRR) | 22.18% |