Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 11,520 | 11,900 | 12,293 | 12,699 | 13,118 | 13,550 | 13,998 | 14,460 | 14,937 | 15,430 | 15,939 | 16,465 | 17,008 | 17,569 | 18,149 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | 6,727 | |
Estimated Annual Property Taxes | 211 | 217 | 224 | 231 | 237 | 245 | 252 | 260 | 267 | 275 | 284 | 292 | 301 | 310 | 319 | |
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) | 7,610 | 7,636 | 7,663 | 7,691 | 7,720 | 7,750 | 7,781 | 7,813 | 7,845 | 7,879 | 7,913 | 7,949 | 7,986 | 8,023 | 8,062 | |
Annual Cash Flows | 3,910 | 4,264 | 4,630 | 5,007 | 5,397 | 5,800 | 6,217 | 6,647 | 7,092 | 7,551 | 8,026 | 8,516 | 9,023 | 9,546 | 10,087 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 92 | 476 | 492 | 508 | 525 | 542 | 560 | 578 | 597 | 617 | 638 | 659 | 680 | 703 | 726 | |
Maintenance & Repairs | 0 | 893 | 922 | 952 | 984 | 1,016 | 1,050 | 1,084 | 1,120 | 1,157 | 1,195 | 1,235 | 1,276 | 1,318 | 1,361 | |
Tenant Placement Credit | -480 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 480 | 200 | 200 | 529 | 200 | 200 | 200 | 602 | 200 | 200 | 200 | 686 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 92 | 1,569 | 1,614 | 1,989 | 1,709 | 1,758 | 1,810 | 2,265 | 1,918 | 1,974 | 2,033 | 2,579 | 2,156 | 2,220 | 2,287 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -29,950 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29,950 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 3,818 | 2,696 | 3,016 | 3,018 | 3,689 | 4,042 | 4,407 | 4,382 | 5,174 | 5,577 | 5,993 | 5,936 | 6,867 | 7,326 | 7,800 | |
Tax Savings | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | 1,372 | -12,808 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24,991 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157,317 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,712 | |
Total Capital In/Out | -31,259 | 4,068 | 4,388 | 4,390 | 5,061 | 5,414 | 5,779 | 5,754 | 6,546 | 6,949 | 7,365 | 7,309 | 8,239 | 8,698 | 179,538 | |
Total Return On Investment (IRR) | 22.80% |