Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,420 | 12,830 | 13,253 | 13,691 | 14,142 | 14,609 | 15,091 | 15,589 | 16,104 | 16,635 | 17,184 | 17,751 | 18,337 | 18,942 | 19,567 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | 6,833 | |
Estimated Annual Property Taxes | 727 | 749 | 771 | 794 | 818 | 843 | 868 | 894 | 921 | 949 | 977 | 1,006 | 1,037 | 1,068 | 1,100 | |
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) | 8,232 | 8,274 | 8,317 | 8,362 | 8,408 | 8,455 | 8,504 | 8,554 | 8,605 | 8,659 | 8,713 | 8,770 | 8,828 | 8,888 | 8,949 | |
Annual Cash Flows | 4,188 | 4,556 | 4,936 | 5,329 | 5,735 | 6,154 | 6,587 | 7,035 | 7,498 | 7,976 | 8,471 | 8,981 | 9,509 | 10,054 | 10,618 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 99 | 513 | 530 | 548 | 566 | 584 | 604 | 624 | 644 | 665 | 687 | 710 | 733 | 758 | 783 | |
Maintenance & Repairs | 0 | 962 | 994 | 1,027 | 1,061 | 1,096 | 1,132 | 1,169 | 1,208 | 1,248 | 1,289 | 1,331 | 1,375 | 1,421 | 1,468 | |
Tenant Placement Credit | -518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 518 | 200 | 200 | 570 | 200 | 200 | 200 | 650 | 200 | 200 | 200 | 740 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 99 | 1,675 | 1,724 | 2,145 | 1,826 | 1,880 | 1,935 | 2,442 | 2,052 | 2,113 | 2,176 | 2,781 | 2,309 | 2,378 | 2,450 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -30,425 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,425 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,088 | 2,880 | 3,212 | 3,184 | 3,908 | 4,274 | 4,652 | 4,593 | 5,446 | 5,863 | 6,294 | 6,200 | 7,200 | 7,676 | 8,168 | |
Tax Savings | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | 1,394 | -13,011 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,387 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159,812 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,151 | |
Total Capital In/Out | -31,443 | 4,274 | 4,606 | 4,578 | 5,302 | 5,668 | 6,046 | 5,987 | 6,840 | 7,257 | 7,688 | 7,594 | 8,594 | 9,070 | 182,629 | |
Total Return On Investment (IRR) | 23.27% |