Overland Park Deal Analysis
Let's look at deal analysis for Overland Park, KS 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 Overland Park, Kansas Rental Property
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Typical 20% Down Payment Overland Park, Kansas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$377,043
|
|
Purchase Price
|
|
$377,043
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$75,409
|
|
Closing Costs
|
1.000%
|
$3,770
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$199,935
|
|
Total Invested
|
|
$279,114
|
|
Mortgage
|
|
Mortgage Amount
|
|
$301,634.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,245
$2244.90
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$808
|
|
Property Taxes
|
1.184%
|
$4,464
|
|
Property Insurance
|
2.127%
|
$8,020
|
|
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%
|
$56,556
|
|
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 |
$388,354 |
$400,005 |
$412,005 |
$424,365 |
$437,096 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,311 |
$11,651 |
$12,000 |
$12,360 |
$12,731 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,245 |
$2,312 |
$2,382 |
$2,453 |
$2,527 |
| 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 |
$2,245 |
$2,312 |
$2,382 |
$2,453 |
$2,527 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$67 |
$69 |
$71 |
$74 |
$76 |
| Monthly Gross Operating Income |
$2,178 |
$2,243 |
$2,310 |
$2,379 |
$2,451 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,939 |
$27,747 |
$28,579 |
$29,437 |
$30,320 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,939 |
$27,747 |
$28,579 |
$29,437 |
$30,320 |
| Annual Vacancy Dollar |
$808 |
$832 |
$857 |
$883 |
$910 |
| Annual Gross Operating Income |
$26,131 |
$26,915 |
$27,722 |
$28,554 |
$29,410 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.184% |
1.184% |
1.184% |
1.184% |
1.184% |
| Property Taxes Dollar |
$4,464 |
$4,598 |
$4,736 |
$4,878 |
$5,024 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$8,020 |
$8,260 |
$8,508 |
$8,763 |
$9,026 |
| 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 |
$2,613 |
$2,691 |
$2,772 |
$2,855 |
$2,941 |
| 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 |
$15,097 |
$15,550 |
$16,016 |
$16,497 |
$16,992 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,034 |
$11,365 |
$11,706 |
$12,057 |
$12,419 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,081 |
$24,081 |
$24,081 |
$24,081 |
$24,081 |
| Principal |
$3,064 |
$3,286 |
$3,523 |
$3,778 |
$4,051 |
| Interest |
$21,017 |
$20,796 |
$20,558 |
$20,304 |
$20,031 |
| Loan Balance at End of Year |
$298,570 |
$295,285 |
$291,762 |
$287,984 |
$283,933 |
| 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 |
$89,784 |
$104,720 |
$120,243 |
$136,381 |
$153,163 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$13,048 |
-$12,717 |
-$12,376 |
-$12,025 |
-$11,663 |
| Monhtly Cash Flow |
-$1,087 |
-$1,060 |
-$1,031 |
-$1,002 |
-$972 |
| Cash on Cash Return on Investment |
-0.047% |
-0.046% |
-0.044% |
-0.043% |
-0.042% |
| 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 |