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 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | 7,111 | |
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) | 8,694 | 8,742 | 8,791 | 8,841 | 8,893 | 8,946 | 9,001 | 9,058 | 9,117 | 9,177 | 9,239 | 9,303 | 9,368 | 9,436 | 9,506 | |
Annual Cash Flows | 3,606 | 3,964 | 4,334 | 4,717 | 5,113 | 5,522 | 5,944 | 6,380 | 6,831 | 7,298 | 7,779 | 8,277 | 8,791 | 9,323 | 9,872 | |
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 | -30,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,850 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,507 | 2,303 | 2,625 | 2,593 | 3,302 | 3,658 | 4,025 | 3,962 | 4,797 | 5,203 | 5,622 | 5,523 | 6,503 | 6,966 | 7,444 | |
Tax Savings | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | 1,413 | -13,193 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,054 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 162,044 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -28,544 | |
Total Capital In/Out | -32,429 | 3,716 | 4,039 | 4,007 | 4,716 | 5,071 | 5,439 | 5,375 | 6,211 | 6,617 | 7,036 | 6,936 | 7,917 | 8,379 | 183,655 | |
Total Return On Investment (IRR) | 21.69% |