Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,300 | 12,706 | 13,125 | 13,558 | 14,006 | 14,468 | 14,945 | 15,439 | 15,948 | 16,474 | 17,018 | 17,580 | 18,160 | 18,759 | 19,378 | |
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 | 911 | 938 | 966 | 995 | 1,025 | 1,056 | 1,088 | 1,120 | 1,154 | 1,189 | 1,224 | 1,261 | 1,299 | 1,338 | 1,378 | |
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) | 8,315 | 8,363 | 8,412 | 8,462 | 8,514 | 8,567 | 8,622 | 8,679 | 8,737 | 8,798 | 8,860 | 8,923 | 8,989 | 9,057 | 9,127 | |
Annual Cash Flows | 3,985 | 4,343 | 4,714 | 5,096 | 5,492 | 5,901 | 6,323 | 6,760 | 7,211 | 7,677 | 8,158 | 8,656 | 9,171 | 9,702 | 10,251 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 98 | 508 | 525 | 542 | 560 | 579 | 598 | 618 | 638 | 659 | 681 | 703 | 726 | 750 | 775 | |
Maintenance & Repairs | 0 | 953 | 984 | 1,017 | 1,050 | 1,085 | 1,121 | 1,158 | 1,196 | 1,236 | 1,276 | 1,318 | 1,362 | 1,407 | 1,453 | |
Tenant Placement Credit | -513 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 513 | 200 | 200 | 565 | 200 | 200 | 200 | 643 | 200 | 200 | 200 | 732 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 98 | 1,661 | 1,709 | 2,124 | 1,811 | 1,864 | 1,919 | 2,419 | 2,034 | 2,095 | 2,157 | 2,754 | 2,288 | 2,357 | 2,428 | |
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 | 3,886 | 2,682 | 3,004 | 2,972 | 3,681 | 4,037 | 4,404 | 4,341 | 5,177 | 5,582 | 6,001 | 5,902 | 6,882 | 7,345 | 7,823 | |
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 | -31,215 | 4,055 | 4,378 | 4,346 | 5,055 | 5,410 | 5,778 | 5,714 | 6,550 | 6,956 | 7,375 | 7,275 | 8,256 | 8,718 | 179,704 | |
Total Return On Investment (IRR) | 22.80% |