Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,940 | 12,334 | 12,741 | 13,161 | 13,596 | 14,044 | 14,508 | 14,987 | 15,481 | 15,992 | 16,520 | 17,065 | 17,628 | 18,210 | 18,811 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | 6,569 | |
Estimated Annual Property Taxes | 481 | 495 | 510 | 526 | 541 | 558 | 574 | 592 | 609 | 628 | 646 | 666 | 686 | 706 | 728 | |
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) | 7,722 | 7,757 | 7,793 | 7,829 | 7,867 | 7,906 | 7,946 | 7,987 | 8,030 | 8,074 | 8,119 | 8,165 | 8,213 | 8,263 | 8,313 | |
Annual Cash Flows | 4,218 | 4,577 | 4,948 | 5,332 | 5,729 | 6,138 | 6,562 | 6,999 | 7,451 | 7,918 | 8,401 | 8,900 | 9,415 | 9,947 | 10,498 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 96 | 493 | 510 | 526 | 544 | 562 | 580 | 599 | 619 | 640 | 661 | 683 | 705 | 728 | 752 | |
Maintenance & Repairs | 0 | 925 | 956 | 987 | 1,020 | 1,053 | 1,088 | 1,124 | 1,161 | 1,199 | 1,239 | 1,280 | 1,322 | 1,366 | 1,411 | |
Tenant Placement Credit | -498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 498 | 200 | 200 | 548 | 200 | 200 | 200 | 624 | 200 | 200 | 200 | 711 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 96 | 1,618 | 1,665 | 2,062 | 1,764 | 1,815 | 1,868 | 2,348 | 1,980 | 2,039 | 2,100 | 2,674 | 2,227 | 2,294 | 2,363 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,250 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 4,122 | 2,959 | 3,283 | 3,270 | 3,965 | 4,323 | 4,693 | 4,651 | 5,471 | 5,879 | 6,301 | 6,226 | 7,188 | 7,653 | 8,134 | |
Tax Savings | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | 1,340 | -12,508 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,407 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153,640 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,064 | |
Total Capital In/Out | -30,288 | 4,299 | 4,623 | 4,610 | 5,305 | 5,664 | 6,034 | 5,992 | 6,811 | 7,219 | 7,641 | 7,566 | 8,528 | 8,993 | 175,858 | |
Total Return On Investment (IRR) | 23.70% |