Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | |
Revenue | ||||||||||||||||
Rental Income | 12,420 | 12,830 | 13,253 | 13,691 | 14,142 | 14,609 | 15,091 | 15,589 | 16,104 | 16,635 | 17,184 | 17,751 | 18,337 | 18,942 | 19,567 | |
Expenses (Recurring) | ||||||||||||||||
Mortgage Payment | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | 10,119 | |
Estimated Annual Property Taxes | 728 | 750 | 772 | 796 | 819 | 844 | 869 | 895 | 922 | 950 | 978 | 1,008 | 1,038 | 1,069 | 1,101 | |
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) | 11,519 | 11,561 | 11,604 | 11,649 | 11,695 | 11,742 | 11,791 | 11,841 | 11,892 | 11,946 | 12,000 | 12,057 | 12,115 | 12,175 | 12,237 | |
Annual Cash Flows | 901 | 1,269 | 1,649 | 2,042 | 2,448 | 2,867 | 3,301 | 3,748 | 4,211 | 4,689 | 5,184 | 5,694 | 6,222 | 6,767 | 7,331 | |
Expenses (Periodic) | ||||||||||||||||
Vacancy Costs | 99 | 513 | 530 | 548 | 566 | 584 | 604 | 624 | 644 | 665 | 687 | 710 | 733 | 758 | 783 | |
Maintenance & Repairs | 0 | 962 | 994 | 1,027 | 1,061 | 1,096 | 1,132 | 1,169 | 1,208 | 1,248 | 1,289 | 1,331 | 1,375 | 1,421 | 1,468 | |
Tenant Placement Credit | -518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tenant Placement/Lease Renewal Fees | 518 | 200 | 200 | 570 | 200 | 200 | 200 | 650 | 200 | 200 | 200 | 740 | 200 | 200 | 200 | |
Total Expenses (Periodic) | 99 | 1,675 | 1,724 | 2,145 | 1,826 | 1,880 | 1,935 | 2,442 | 2,052 | 2,113 | 2,176 | 2,781 | 2,309 | 2,378 | 2,450 | |
Total Return On Investment | ||||||||||||||||
Acquisition Down Payment | -26,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,200 | |
Acquisition Closing Costs | -6,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Rental Income | 802 | -407 | -75 | -103 | 621 | 987 | 1,365 | 1,306 | 2,159 | 2,576 | 3,007 | 2,913 | 3,913 | 4,389 | 4,880 | |
Tax Savings | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | 1,501 | -14,005 | |
Principal Paydown | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,662 | |
Estimated Home Price Appreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 172,024 | |
Total Selling, Holding & Closing Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30,302 | |
Total Capital In/Out | -30,398 | 1,094 | 1,425 | 1,398 | 2,122 | 2,488 | 2,866 | 2,807 | 3,660 | 4,077 | 4,508 | 4,414 | 5,414 | 5,889 | 180,458 | |
Total Return On Investment (IRR) | 17.70% |