Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 13,140 | 13,574 | 14,022 | 14,484 | 14,962 | 15,456 | 15,966 | 16,493 | 17,037 | 17,599 | 18,180 | 18,780 | 19,400 | 20,040 | 20,701 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | 7,681 | |
Estimated Annual Property Taxes | 467 | 481 | 495 | 510 | 526 | 541 | 558 | 574 | 592 | 609 | 628 | 646 | 666 | 686 | 706 | |
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) | 8,820 | 8,854 | 8,889 | 8,926 | 8,963 | 9,001 | 9,041 | 9,082 | 9,124 | 9,167 | 9,212 | 9,258 | 9,305 | 9,354 | 9,404 | |
Annual Cash Flows | 4,320 | 4,719 | 5,132 | 5,559 | 5,999 | 6,454 | 6,925 | 7,411 | 7,913 | 8,432 | 8,968 | 9,522 | 10,095 | 10,686 | 11,297 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 105 | 543 | 561 | 579 | 598 | 618 | 639 | 660 | 681 | 704 | 727 | 751 | 776 | 802 | 828 | |
Maintenance & Repairs | 0 | 1,018 | 1,052 | 1,086 | 1,122 | 1,159 | 1,197 | 1,237 | 1,278 | 1,320 | 1,364 | 1,409 | 1,455 | 1,503 | 1,553 | |
Tenant Placement Credit | -548 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 548 | 200 | 200 | 604 | 200 | 200 | 200 | 687 | 200 | 200 | 200 | 783 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 105 | 1,761 | 1,812 | 2,269 | 1,921 | 1,977 | 2,036 | 2,584 | 2,159 | 2,224 | 2,291 | 2,942 | 2,431 | 2,505 | 2,581 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -34,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,215 | 2,958 | 3,320 | 3,289 | 4,079 | 4,477 | 4,889 | 4,827 | 5,754 | 6,208 | 6,678 | 6,580 | 7,664 | 8,182 | 8,717 | |
Tax Savings | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | 1,567 | -14,625 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,537 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 179,640 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -31,644 | |
Total Capital In/Out | -34,918 | 4,525 | 4,887 | 4,856 | 5,646 | 6,044 | 6,456 | 6,394 | 7,321 | 7,775 | 8,245 | 8,147 | 9,231 | 9,749 | 204,825 | |
Total Return On Investment (IRR) | 22.88% |