Glendale Deal Analysis
Let's look at deal analysis for Glendale, 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 Glendale, Arizona Rental Property
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Typical 20% Down Payment Glendale, Arizona Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$361,343
|
|
Purchase Price
|
|
$361,343
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$72,269
|
|
Closing Costs
|
1.000%
|
$3,613
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$15,721
|
|
Total Invested
|
|
$91,603
|
|
Mortgage
|
|
Mortgage Amount
|
|
$289,074.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,203
$2202.90
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$793
|
|
Property Taxes
|
0.690%
|
$2,493
|
|
Property Insurance
|
0.442%
|
$1,597
|
|
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%
|
$54,201
|
|
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 |
$372,183 |
$383,349 |
$394,849 |
$406,695 |
$418,896 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,840 |
$11,165 |
$11,500 |
$11,845 |
$12,201 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,203 |
$2,269 |
$2,337 |
$2,407 |
$2,479 |
| 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 |
$2,203 |
$2,269 |
$2,337 |
$2,407 |
$2,479 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$66 |
$68 |
$70 |
$72 |
$74 |
| Monthly Gross Operating Income |
$2,137 |
$2,201 |
$2,267 |
$2,335 |
$2,405 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,435 |
$27,228 |
$28,045 |
$28,886 |
$29,753 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,435 |
$27,228 |
$28,045 |
$28,886 |
$29,753 |
| Annual Vacancy Dollar |
$793 |
$817 |
$841 |
$867 |
$893 |
| Annual Gross Operating Income |
$25,642 |
$26,411 |
$27,203 |
$28,019 |
$28,860 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.690% |
0.690% |
0.690% |
0.690% |
0.690% |
| Property Taxes Dollar |
$2,493 |
$2,568 |
$2,645 |
$2,724 |
$2,806 |
| Insurance Percent |
0.442% |
0.442% |
0.442% |
0.442% |
0.442% |
| Insurance Dollar |
$1,597 |
$1,645 |
$1,694 |
$1,745 |
$1,798 |
| 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 |
$2,564 |
$2,641 |
$2,720 |
$2,802 |
$2,886 |
| 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 |
$6,655 |
$6,854 |
$7,060 |
$7,272 |
$7,490 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,987 |
$19,557 |
$20,143 |
$20,748 |
$21,370 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$23,079 |
$23,079 |
$23,079 |
$23,079 |
$23,079 |
| Principal |
$2,936 |
$3,149 |
$3,376 |
$3,620 |
$3,882 |
| Interest |
$20,142 |
$19,930 |
$19,702 |
$19,458 |
$19,196 |
| Loan Balance at End of Year |
$286,138 |
$282,989 |
$279,613 |
$275,992 |
$272,110 |
| 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 |
$86,045 |
$100,360 |
$115,236 |
$130,702 |
$146,785 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,091 |
-$3,522 |
-$2,935 |
-$2,331 |
-$1,708 |
| Monhtly Cash Flow |
-$341 |
-$293 |
-$245 |
-$194 |
-$142 |
| Cash on Cash Return on Investment |
-0.045% |
-0.038% |
-0.032% |
-0.025% |
-0.019% |
| 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 |