Joliet Deal Analysis
Let's look at deal analysis for Joliet, IL 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 Joliet, Illinois Rental Property
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Typical 20% Down Payment Joliet, Illinois Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$179,462
|
|
Purchase Price
|
|
$179,462
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$35,892
|
|
Closing Costs
|
1.000%
|
$1,795
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$33,144
|
|
Total Invested
|
|
$70,831
|
|
Mortgage
|
|
Mortgage Amount
|
|
$143,569.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,307
$1307.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$471
|
|
Property Taxes
|
2.697%
|
$4,840
|
|
Property Insurance
|
0.786%
|
$1,411
|
|
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%
|
$26,919
|
|
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 |
$184,846 |
$190,391 |
$196,103 |
$201,986 |
$208,046 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,384 |
$5,545 |
$5,712 |
$5,883 |
$6,060 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,307 |
$1,346 |
$1,387 |
$1,428 |
$1,471 |
| 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 |
$1,307 |
$1,346 |
$1,387 |
$1,428 |
$1,471 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$39 |
$40 |
$42 |
$43 |
$44 |
| Monthly Gross Operating Income |
$1,268 |
$1,306 |
$1,345 |
$1,386 |
$1,427 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$15,687 |
$16,158 |
$16,642 |
$17,142 |
$17,656 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$15,687 |
$16,158 |
$16,642 |
$17,142 |
$17,656 |
| Annual Vacancy Dollar |
$471 |
$485 |
$499 |
$514 |
$530 |
| Annual Gross Operating Income |
$15,216 |
$15,673 |
$16,143 |
$16,627 |
$17,126 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.697% |
2.697% |
2.697% |
2.697% |
2.697% |
| Property Taxes Dollar |
$4,840 |
$4,985 |
$5,135 |
$5,289 |
$5,448 |
| Insurance Percent |
0.786% |
0.786% |
0.786% |
0.786% |
0.786% |
| Insurance Dollar |
$1,411 |
$1,453 |
$1,496 |
$1,541 |
$1,588 |
| 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 |
$1,522 |
$1,567 |
$1,614 |
$1,663 |
$1,713 |
| 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 |
$7,772 |
$8,005 |
$8,246 |
$8,493 |
$8,748 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$7,444 |
$7,667 |
$7,897 |
$8,134 |
$8,378 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,462 |
$11,462 |
$11,462 |
$11,462 |
$11,462 |
| Principal |
$1,458 |
$1,564 |
$1,677 |
$1,798 |
$1,928 |
| Interest |
$10,004 |
$9,898 |
$9,785 |
$9,664 |
$9,534 |
| Loan Balance at End of Year |
$142,111 |
$140,547 |
$138,871 |
$137,073 |
$135,144 |
| 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 |
$42,735 |
$49,844 |
$57,232 |
$64,914 |
$72,901 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,018 |
-$3,795 |
-$3,565 |
-$3,328 |
-$3,084 |
| Monhtly Cash Flow |
-$335 |
-$316 |
-$297 |
-$277 |
-$257 |
| Cash on Cash Return on Investment |
-0.057% |
-0.054% |
-0.050% |
-0.047% |
-0.044% |
| 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 |