Phoenix Deal Analysis
Let's look at deal analysis for Phoenix, 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 Phoenix, Arizona Rental Property
|
Typical 20% Down Payment Phoenix, Arizona Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$380,322
|
|
Purchase Price
|
|
$380,322
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$76,064
|
|
Closing Costs
|
1.000%
|
$3,803
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$79,868
|
|
Mortgage
|
|
Mortgage Amount
|
|
$304,257.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,888
$2887.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,040
|
|
Property Taxes
|
0.657%
|
$2,499
|
|
Property Insurance
|
0.442%
|
$1,681
|
|
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%
|
$57,048
|
|
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 |
$391,732 |
$403,484 |
$415,588 |
$428,056 |
$440,897 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,410 |
$11,752 |
$12,105 |
$12,468 |
$12,842 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,888 |
$2,974 |
$3,063 |
$3,155 |
$3,250 |
| 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 |
$2,888 |
$2,974 |
$3,063 |
$3,155 |
$3,250 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$87 |
$89 |
$92 |
$95 |
$97 |
| Monthly Gross Operating Income |
$2,801 |
$2,885 |
$2,971 |
$3,061 |
$3,152 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$34,650 |
$35,690 |
$36,760 |
$37,863 |
$38,999 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$34,650 |
$35,690 |
$36,760 |
$37,863 |
$38,999 |
| Annual Vacancy Dollar |
$1,040 |
$1,071 |
$1,103 |
$1,136 |
$1,170 |
| Annual Gross Operating Income |
$33,611 |
$34,619 |
$35,657 |
$36,727 |
$37,829 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.657% |
0.657% |
0.657% |
0.657% |
0.657% |
| Property Taxes Dollar |
$2,499 |
$2,574 |
$2,651 |
$2,730 |
$2,812 |
| Insurance Percent |
0.442% |
0.442% |
0.442% |
0.442% |
0.442% |
| Insurance Dollar |
$1,681 |
$1,731 |
$1,783 |
$1,837 |
$1,892 |
| 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 |
$3,361 |
$3,462 |
$3,566 |
$3,673 |
$3,783 |
| 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 |
$7,541 |
$7,767 |
$8,000 |
$8,240 |
$8,487 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$26,070 |
$26,852 |
$27,657 |
$28,487 |
$29,342 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,291 |
$24,291 |
$24,291 |
$24,291 |
$24,291 |
| Principal |
$3,091 |
$3,314 |
$3,554 |
$3,811 |
$4,086 |
| Interest |
$21,200 |
$20,977 |
$20,737 |
$20,480 |
$20,205 |
| Loan Balance at End of Year |
$301,167 |
$297,853 |
$294,299 |
$290,489 |
$286,403 |
| 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 |
$90,565 |
$105,631 |
$121,289 |
$137,567 |
$154,495 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$1,779 |
$2,561 |
$3,367 |
$4,196 |
$5,051 |
| Monhtly Cash Flow |
$148 |
$213 |
$281 |
$350 |
$421 |
| Cash on Cash Return on Investment |
0.022% |
0.032% |
0.042% |
0.053% |
0.063% |
| 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 |