Lexington Deal Analysis
Let's look at deal analysis for Lexington, KY 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 Lexington, Kentucky Rental Property
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Typical 20% Down Payment Lexington, Kentucky Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$248,059
|
|
Purchase Price
|
|
$248,059
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$49,612
|
|
Closing Costs
|
1.000%
|
$2,481
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$52,092
|
|
Mortgage
|
|
Mortgage Amount
|
|
$198,447.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,098
$2097.90
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$755
|
|
Property Taxes
|
1.006%
|
$2,495
|
|
Property Insurance
|
1.069%
|
$2,652
|
|
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%
|
$37,209
|
|
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 |
$255,501 |
$263,166 |
$271,061 |
$279,193 |
$287,568 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,442 |
$7,665 |
$7,895 |
$8,132 |
$8,376 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,098 |
$2,161 |
$2,226 |
$2,292 |
$2,361 |
| 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 |
$2,098 |
$2,161 |
$2,226 |
$2,292 |
$2,361 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$63 |
$65 |
$67 |
$69 |
$71 |
| Monthly Gross Operating Income |
$2,035 |
$2,096 |
$2,159 |
$2,224 |
$2,290 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,175 |
$25,930 |
$26,708 |
$27,509 |
$28,334 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,175 |
$25,930 |
$26,708 |
$27,509 |
$28,334 |
| Annual Vacancy Dollar |
$755 |
$778 |
$801 |
$825 |
$850 |
| Annual Gross Operating Income |
$24,420 |
$25,152 |
$25,907 |
$26,684 |
$27,484 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.006% |
1.006% |
1.006% |
1.006% |
1.006% |
| Property Taxes Dollar |
$2,495 |
$2,570 |
$2,647 |
$2,727 |
$2,809 |
| Insurance Percent |
1.069% |
1.069% |
1.069% |
1.069% |
1.069% |
| Insurance Dollar |
$2,652 |
$2,731 |
$2,813 |
$2,898 |
$2,985 |
| 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 |
$2,442 |
$2,515 |
$2,591 |
$2,668 |
$2,748 |
| 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 |
$7,589 |
$7,817 |
$8,051 |
$8,293 |
$8,542 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,830 |
$17,335 |
$17,855 |
$18,391 |
$18,943 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,843 |
$15,843 |
$15,843 |
$15,843 |
$15,843 |
| Principal |
$2,016 |
$2,162 |
$2,318 |
$2,485 |
$2,665 |
| Interest |
$13,827 |
$13,682 |
$13,525 |
$13,358 |
$13,178 |
| Loan Balance at End of Year |
$196,431 |
$194,270 |
$191,952 |
$189,467 |
$186,802 |
| 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 |
$59,069 |
$68,896 |
$79,109 |
$89,726 |
$100,767 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$987 |
$1,492 |
$2,012 |
$2,548 |
$3,099 |
| Monhtly Cash Flow |
$82 |
$124 |
$168 |
$212 |
$258 |
| Cash on Cash Return on Investment |
0.019% |
0.029% |
0.039% |
0.049% |
0.059% |
| 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 |