Fort Wayne Deal Analysis
Let's look at deal analysis for Fort Wayne, IN 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 Fort Wayne, Indiana Rental Property
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Typical 20% Down Payment Fort Wayne, Indiana Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$175,946
|
|
Purchase Price
|
|
$175,946
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$35,189
|
|
Closing Costs
|
1.000%
|
$1,759
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$37,102
|
|
Total Invested
|
|
$74,051
|
|
Mortgage
|
|
Mortgage Amount
|
|
$140,756.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,029
$1029.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$370
|
|
Property Taxes
|
0.990%
|
$1,742
|
|
Property Insurance
|
1.123%
|
$1,976
|
|
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%
|
$26,392
|
|
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 |
$181,224 |
$186,661 |
$192,261 |
$198,029 |
$203,970 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,278 |
$5,437 |
$5,600 |
$5,768 |
$5,941 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,029 |
$1,060 |
$1,092 |
$1,124 |
$1,158 |
| 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 |
$1,029 |
$1,060 |
$1,092 |
$1,124 |
$1,158 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$31 |
$32 |
$33 |
$34 |
$35 |
| Monthly Gross Operating Income |
$998 |
$1,028 |
$1,059 |
$1,091 |
$1,123 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$12,348 |
$12,718 |
$13,100 |
$13,493 |
$13,898 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$12,348 |
$12,718 |
$13,100 |
$13,493 |
$13,898 |
| Annual Vacancy Dollar |
$370 |
$382 |
$393 |
$405 |
$417 |
| Annual Gross Operating Income |
$11,978 |
$12,337 |
$12,707 |
$13,088 |
$13,481 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.990% |
0.990% |
0.990% |
0.990% |
0.990% |
| Property Taxes Dollar |
$1,742 |
$1,794 |
$1,848 |
$1,903 |
$1,960 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$1,976 |
$2,035 |
$2,096 |
$2,159 |
$2,224 |
| 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 |
$1,198 |
$1,234 |
$1,271 |
$1,309 |
$1,348 |
| 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 |
$4,915 |
$5,063 |
$5,215 |
$5,371 |
$5,532 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$7,062 |
$7,274 |
$7,492 |
$7,717 |
$7,948 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,238 |
$11,238 |
$11,238 |
$11,238 |
$11,238 |
| Principal |
$1,430 |
$1,533 |
$1,644 |
$1,763 |
$1,890 |
| Interest |
$9,808 |
$9,704 |
$9,593 |
$9,475 |
$9,347 |
| Loan Balance at End of Year |
$139,327 |
$137,794 |
$136,150 |
$134,387 |
$132,497 |
| 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 |
$41,897 |
$48,867 |
$56,111 |
$63,642 |
$71,473 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,175 |
-$3,964 |
-$3,745 |
-$3,521 |
-$3,289 |
| Monhtly Cash Flow |
-$348 |
-$330 |
-$312 |
-$293 |
-$274 |
| Cash on Cash Return on Investment |
-0.056% |
-0.054% |
-0.051% |
-0.048% |
-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 |