Cedar Rapids Deal Analysis
Let's look at deal analysis for Cedar Rapids, IA 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 Cedar Rapids, Iowa Rental Property
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Typical 20% Down Payment Cedar Rapids, Iowa Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$169,253
|
|
Purchase Price
|
|
$169,253
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$33,851
|
|
Closing Costs
|
1.000%
|
$1,693
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$5,659
|
|
Total Invested
|
|
$41,202
|
|
Mortgage
|
|
Mortgage Amount
|
|
$135,402.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,365
$1365.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$491
|
|
Property Taxes
|
1.899%
|
$3,214
|
|
Property Insurance
|
1.155%
|
$1,955
|
|
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%
|
$25,388
|
|
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 |
$174,331 |
$179,561 |
$184,947 |
$190,496 |
$196,211 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,078 |
$5,230 |
$5,387 |
$5,548 |
$5,715 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,365 |
$1,406 |
$1,448 |
$1,492 |
$1,536 |
| 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 |
$1,365 |
$1,406 |
$1,448 |
$1,492 |
$1,536 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$41 |
$42 |
$43 |
$45 |
$46 |
| Monthly Gross Operating Income |
$1,324 |
$1,364 |
$1,405 |
$1,447 |
$1,490 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$16,380 |
$16,871 |
$17,378 |
$17,899 |
$18,436 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$16,380 |
$16,871 |
$17,378 |
$17,899 |
$18,436 |
| Annual Vacancy Dollar |
$491 |
$506 |
$521 |
$537 |
$553 |
| Annual Gross Operating Income |
$15,889 |
$16,365 |
$16,856 |
$17,362 |
$17,883 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.899% |
1.899% |
1.899% |
1.899% |
1.899% |
| Property Taxes Dollar |
$3,214 |
$3,311 |
$3,410 |
$3,512 |
$3,618 |
| Insurance Percent |
1.155% |
1.155% |
1.155% |
1.155% |
1.155% |
| Insurance Dollar |
$1,955 |
$2,014 |
$2,074 |
$2,136 |
$2,200 |
| 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 |
$1,589 |
$1,637 |
$1,686 |
$1,736 |
$1,788 |
| 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 |
$6,758 |
$6,961 |
$7,169 |
$7,384 |
$7,606 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$9,131 |
$9,405 |
$9,687 |
$9,977 |
$10,277 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,810 |
$10,810 |
$10,810 |
$10,810 |
$10,810 |
| Principal |
$1,375 |
$1,475 |
$1,582 |
$1,696 |
$1,818 |
| Interest |
$9,435 |
$9,335 |
$9,229 |
$9,114 |
$8,992 |
| Loan Balance at End of Year |
$134,027 |
$132,552 |
$130,970 |
$129,275 |
$127,456 |
| 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 |
$40,304 |
$47,009 |
$53,977 |
$61,221 |
$68,755 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,679 |
-$1,405 |
-$1,123 |
-$833 |
-$533 |
| Monhtly Cash Flow |
-$140 |
-$117 |
-$94 |
-$69 |
-$44 |
| Cash on Cash Return on Investment |
-0.041% |
-0.034% |
-0.027% |
-0.020% |
-0.013% |
| 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 |