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 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | 7,451 | |
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) | 8,850 | 8,892 | 8,935 | 8,980 | 9,026 | 9,073 | 9,122 | 9,172 | 9,224 | 9,277 | 9,331 | 9,388 | 9,446 | 9,506 | 9,567 | |
Annual Cash Flows | 3,570 | 3,938 | 4,318 | 4,711 | 5,117 | 5,536 | 5,969 | 6,417 | 6,880 | 7,358 | 7,853 | 8,363 | 8,891 | 9,436 | 10,000 | |
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 | -32,325 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,325 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,470 | 2,262 | 2,594 | 2,566 | 3,290 | 3,656 | 4,034 | 3,975 | 4,828 | 5,245 | 5,676 | 5,582 | 6,582 | 7,058 | 7,549 | |
Tax Savings | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | 1,481 | -13,823 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,252 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 169,792 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29,909 | |
Total Capital In/Out | -33,874 | 3,743 | 4,075 | 4,047 | 4,771 | 5,137 | 5,515 | 5,456 | 6,309 | 6,726 | 7,157 | 7,063 | 8,063 | 8,539 | 192,186 | |
Total Return On Investment (IRR) | 21.42% |