Des Moines Deal Analysis
Let's look at deal analysis for Des Moines, 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 Des Moines, Iowa Rental Property
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Typical 20% Down Payment Des Moines, Iowa Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$166,872
|
|
Purchase Price
|
|
$166,872
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$33,374
|
|
Closing Costs
|
1.000%
|
$1,669
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$7,468
|
|
Total Invested
|
|
$42,512
|
|
Mortgage
|
|
Mortgage Amount
|
|
$133,497.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,363
$1362.90
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$491
|
|
Property Taxes
|
2.163%
|
$3,609
|
|
Property Insurance
|
1.155%
|
$1,927
|
|
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%
|
$25,031
|
|
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 |
$171,878 |
$177,035 |
$182,346 |
$187,816 |
$193,450 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,006 |
$5,156 |
$5,311 |
$5,470 |
$5,634 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,363 |
$1,404 |
$1,446 |
$1,489 |
$1,534 |
| 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 |
$1,363 |
$1,404 |
$1,446 |
$1,489 |
$1,534 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$41 |
$42 |
$43 |
$45 |
$46 |
| Monthly Gross Operating Income |
$1,322 |
$1,362 |
$1,403 |
$1,445 |
$1,488 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$16,355 |
$16,845 |
$17,351 |
$17,871 |
$18,407 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$16,355 |
$16,845 |
$17,351 |
$17,871 |
$18,407 |
| Annual Vacancy Dollar |
$491 |
$505 |
$521 |
$536 |
$552 |
| Annual Gross Operating Income |
$15,864 |
$16,340 |
$16,830 |
$17,335 |
$17,855 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.163% |
2.163% |
2.163% |
2.163% |
2.163% |
| Property Taxes Dollar |
$3,609 |
$3,718 |
$3,829 |
$3,944 |
$4,062 |
| Insurance Percent |
1.155% |
1.155% |
1.155% |
1.155% |
1.155% |
| Insurance Dollar |
$1,927 |
$1,985 |
$2,045 |
$2,106 |
$2,169 |
| 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 |
$1,586 |
$1,634 |
$1,683 |
$1,734 |
$1,786 |
| 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 |
$7,123 |
$7,337 |
$7,557 |
$7,784 |
$8,017 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,741 |
$9,003 |
$9,273 |
$9,551 |
$9,838 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,658 |
$10,658 |
$10,658 |
$10,658 |
$10,658 |
| Principal |
$1,356 |
$1,454 |
$1,559 |
$1,672 |
$1,793 |
| Interest |
$9,302 |
$9,204 |
$9,099 |
$8,986 |
$8,865 |
| Loan Balance at End of Year |
$132,142 |
$130,687 |
$129,128 |
$127,456 |
$125,664 |
| 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 |
$39,737 |
$46,347 |
$53,217 |
$60,360 |
$67,787 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,917 |
-$1,655 |
-$1,385 |
-$1,106 |
-$820 |
| Monhtly Cash Flow |
-$160 |
-$138 |
-$115 |
-$92 |
-$68 |
| Cash on Cash Return on Investment |
-0.045% |
-0.039% |
-0.033% |
-0.026% |
-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 |