South Bend Deal Analysis
Let's look at deal analysis for South Bend, 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 South Bend, Indiana Rental Property
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Typical 20% Down Payment South Bend, Indiana Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$141,594
|
|
Purchase Price
|
|
$141,594
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$28,319
|
|
Closing Costs
|
1.000%
|
$1,416
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$29,735
|
|
Mortgage
|
|
Mortgage Amount
|
|
$113,275.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,969
$1968.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$709
|
|
Property Taxes
|
1.269%
|
$1,797
|
|
Property Insurance
|
1.123%
|
$1,590
|
|
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%
|
$21,239
|
|
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 |
$145,842 |
$150,217 |
$154,724 |
$159,365 |
$164,146 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,248 |
$4,375 |
$4,507 |
$4,642 |
$4,781 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,969 |
$2,028 |
$2,089 |
$2,151 |
$2,216 |
| 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 |
$1,969 |
$2,028 |
$2,089 |
$2,151 |
$2,216 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$59 |
$61 |
$63 |
$65 |
$66 |
| Monthly Gross Operating Income |
$1,910 |
$1,967 |
$2,026 |
$2,087 |
$2,149 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$23,625 |
$24,334 |
$25,064 |
$25,816 |
$26,590 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$23,625 |
$24,334 |
$25,064 |
$25,816 |
$26,590 |
| Annual Vacancy Dollar |
$709 |
$730 |
$752 |
$774 |
$798 |
| Annual Gross Operating Income |
$22,916 |
$23,604 |
$24,312 |
$25,041 |
$25,792 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.269% |
1.269% |
1.269% |
1.269% |
1.269% |
| Property Taxes Dollar |
$1,797 |
$1,851 |
$1,906 |
$1,963 |
$2,022 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$1,590 |
$1,638 |
$1,687 |
$1,738 |
$1,790 |
| 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 |
$2,292 |
$2,360 |
$2,431 |
$2,504 |
$2,579 |
| 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 |
$5,679 |
$5,849 |
$6,024 |
$6,205 |
$6,391 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$17,238 |
$17,755 |
$18,287 |
$18,836 |
$19,401 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$9,043 |
$9,043 |
$9,043 |
$9,043 |
$9,043 |
| Principal |
$1,151 |
$1,234 |
$1,323 |
$1,419 |
$1,521 |
| Interest |
$7,893 |
$7,810 |
$7,720 |
$7,625 |
$7,522 |
| Loan Balance at End of Year |
$112,125 |
$110,891 |
$109,568 |
$108,149 |
$106,628 |
| 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 |
$33,717 |
$39,326 |
$45,156 |
$51,216 |
$57,518 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$8,194 |
$8,711 |
$9,244 |
$9,793 |
$10,358 |
| Monhtly Cash Flow |
$683 |
$726 |
$770 |
$816 |
$863 |
| Cash on Cash Return on Investment |
0.276% |
0.293% |
0.311% |
0.329% |
0.348% |
| 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 |