Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 16,800 | 17,354 | 17,927 | 18,519 | 19,130 | 19,761 | 20,413 | 21,087 | 21,783 | 22,502 | 23,244 | 24,011 | 24,804 | 25,622 | 26,468 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | 9,614 | |
Estimated Annual Property Taxes | 1,014 | 1,044 | 1,076 | 1,108 | 1,141 | 1,176 | 1,211 | 1,247 | 1,285 | 1,323 | 1,363 | 1,404 | 1,446 | 1,489 | 1,534 | |
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) | 11,300 | 11,350 | 11,402 | 11,456 | 11,511 | 11,568 | 11,627 | 11,687 | 11,750 | 11,814 | 11,880 | 11,948 | 12,018 | 12,090 | 12,164 | |
Annual Cash Flows | 5,500 | 6,004 | 6,525 | 7,063 | 7,618 | 8,193 | 8,786 | 9,400 | 10,033 | 10,688 | 11,364 | 12,064 | 12,786 | 13,532 | 14,304 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 134 | 694 | 717 | 741 | 765 | 790 | 817 | 843 | 871 | 900 | 930 | 960 | 992 | 1,025 | 1,059 | |
Maintenance & Repairs | 0 | 1,302 | 1,345 | 1,389 | 1,435 | 1,482 | 1,531 | 1,582 | 1,634 | 1,688 | 1,743 | 1,801 | 1,860 | 1,922 | 1,985 | |
Tenant Placement Credit | -700 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 700 | 200 | 200 | 772 | 200 | 200 | 200 | 879 | 200 | 200 | 200 | 1,000 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 134 | 2,196 | 2,262 | 2,901 | 2,400 | 2,473 | 2,548 | 3,304 | 2,705 | 2,788 | 2,873 | 3,762 | 3,052 | 3,147 | 3,244 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -42,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,250 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 5,366 | 3,808 | 4,263 | 4,161 | 5,219 | 5,720 | 6,239 | 6,096 | 7,328 | 7,900 | 8,491 | 8,302 | 9,734 | 10,386 | 11,060 | |
Tax Savings | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | 1,936 | -18,068 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,781 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 221,924 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,092 | |
Total Capital In/Out | -41,448 | 5,744 | 6,199 | 6,097 | 7,154 | 7,656 | 8,175 | 8,032 | 9,264 | 9,836 | 10,427 | 10,238 | 11,669 | 12,322 | 252,855 | |
Total Return On Investment (IRR) | 23.75% |