Gilbert Deal Analysis
Let's look at deal analysis for Gilbert, AZ and for 
32 10 20% Down Rental Properties (no Owner-Occupant).
The analysis is based on The World's Greatest Real Estate Deal Analysis Spreadsheet™ (shown above)... a free spreadsheet download you can use to analyze your own deals.
Typical 20% Down Payment Gilbert, Arizona Rental Property
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Typical 20% Down Payment Gilbert, Arizona Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$517,513
|
|
Purchase Price
|
|
$517,513
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$103,503
|
|
Closing Costs
|
1.000%
|
$5,175
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$68,007
|
|
Total Invested
|
|
$176,685
|
|
Mortgage
|
|
Mortgage Amount
|
|
$414,010.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,725
$2724.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$981
|
|
Property Taxes
|
0.609%
|
$3,152
|
|
Property Insurance
|
0.442%
|
$2,287
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
|
|
Land Value
|
15.000%
|
$77,627
|
|
Property Type (C or R)
|
R
|
27.5
|
|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$533,038 |
$549,030 |
$565,500 |
$582,465 |
$599,939 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$15,525 |
$15,991 |
$16,471 |
$16,965 |
$17,474 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,725 |
$2,806 |
$2,891 |
$2,977 |
$3,067 |
| Monthly Other Income Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Monthly Gross Potential Income |
$2,725 |
$2,806 |
$2,891 |
$2,977 |
$3,067 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$82 |
$84 |
$87 |
$89 |
$92 |
| Monthly Gross Operating Income |
$2,643 |
$2,722 |
$2,804 |
$2,888 |
$2,975 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$32,697 |
$33,678 |
$34,688 |
$35,729 |
$36,801 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$32,697 |
$33,678 |
$34,688 |
$35,729 |
$36,801 |
| Annual Vacancy Dollar |
$981 |
$1,010 |
$1,041 |
$1,072 |
$1,104 |
| Annual Gross Operating Income |
$31,716 |
$32,668 |
$33,648 |
$34,657 |
$35,697 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.609% |
0.609% |
0.609% |
0.609% |
0.609% |
| Property Taxes Dollar |
$3,152 |
$3,246 |
$3,344 |
$3,444 |
$3,547 |
| Insurance Percent |
0.442% |
0.442% |
0.442% |
0.442% |
0.442% |
| Insurance Dollar |
$2,287 |
$2,356 |
$2,427 |
$2,500 |
$2,574 |
| HOA Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| HOA Dues Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Utilities Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Utilities Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Other Expense 1 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Other Expense 1 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Other Expense 2 Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Other Expense 2 Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Maintenance Percent |
10.000% |
10.000% |
10.000% |
10.000% |
10.000% |
| Maintenance Dollar |
$3,172 |
$3,267 |
$3,365 |
$3,466 |
$3,570 |
| CapEx Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| CapEx Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Property Management Percent |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
| Property Management Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Operating Expenses |
$8,611 |
$8,869 |
$9,135 |
$9,409 |
$9,691 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$23,105 |
$23,799 |
$24,513 |
$25,248 |
$26,005 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$33,053 |
$33,053 |
$33,053 |
$33,053 |
$33,053 |
| Principal |
$4,206 |
$4,510 |
$4,836 |
$5,185 |
$5,560 |
| Interest |
$28,848 |
$28,543 |
$28,217 |
$27,868 |
$27,493 |
| Loan Balance at End of Year |
$409,805 |
$405,295 |
$400,460 |
$395,275 |
$389,715 |
| Loan-To-Value |
76.881% |
73.820% |
70.815% |
67.862% |
64.959% |
| Private Mortgage Insurance (PMI) Rate |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
| Private Mortgage Insurance Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$123,234 |
$143,734 |
$165,041 |
$187,191 |
$210,225 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$9,948 |
-$9,254 |
-$8,541 |
-$7,805 |
-$7,048 |
| Monhtly Cash Flow |
-$829 |
-$771 |
-$712 |
-$650 |
-$587 |
| Cash on Cash Return on Investment |
-0.056% |
-0.052% |
-0.048% |
-0.044% |
-0.040% |
| Cap Rate |
|
|
|
|
|
| DSCR |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |
| Cumulative Negative Cash Flow |
$0 |
$0 |
$0 |
$0 |
$0 |