Lafayette Deal Analysis
Let's look at deal analysis for Lafayette, LA 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 Lafayette, Louisiana Rental Property
|
Typical 20% Down Payment Lafayette, Louisiana Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$185,996
|
|
Purchase Price
|
|
$185,996
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$37,199
|
|
Closing Costs
|
1.000%
|
$1,860
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$7,870
|
|
Total Invested
|
|
$46,929
|
|
Mortgage
|
|
Mortgage Amount
|
|
$148,796.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,485
$1484.70
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$534
|
|
Property Taxes
|
0.694%
|
$1,291
|
|
Property Insurance
|
2.398%
|
$4,460
|
|
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%
|
$27,899
|
|
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 |
$191,576 |
$197,323 |
$203,243 |
$209,340 |
$215,620 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,580 |
$5,747 |
$5,920 |
$6,097 |
$6,280 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,485 |
$1,529 |
$1,575 |
$1,622 |
$1,671 |
| 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 |
$1,485 |
$1,529 |
$1,575 |
$1,622 |
$1,671 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$45 |
$46 |
$47 |
$49 |
$50 |
| Monthly Gross Operating Income |
$1,440 |
$1,483 |
$1,528 |
$1,574 |
$1,621 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$17,816 |
$18,351 |
$18,901 |
$19,468 |
$20,053 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$17,816 |
$18,351 |
$18,901 |
$19,468 |
$20,053 |
| Annual Vacancy Dollar |
$534 |
$551 |
$567 |
$584 |
$602 |
| Annual Gross Operating Income |
$17,282 |
$17,800 |
$18,334 |
$18,884 |
$19,451 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.694% |
0.694% |
0.694% |
0.694% |
0.694% |
| Property Taxes Dollar |
$1,291 |
$1,330 |
$1,369 |
$1,411 |
$1,453 |
| Insurance Percent |
2.398% |
2.398% |
2.398% |
2.398% |
2.398% |
| Insurance Dollar |
$4,460 |
$4,594 |
$4,732 |
$4,874 |
$5,020 |
| 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 |
$1,728 |
$1,780 |
$1,833 |
$1,888 |
$1,945 |
| 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 |
$7,479 |
$7,704 |
$7,935 |
$8,173 |
$8,418 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$9,803 |
$10,097 |
$10,400 |
$10,712 |
$11,033 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,879 |
$11,879 |
$11,879 |
$11,879 |
$11,879 |
| Principal |
$1,512 |
$1,621 |
$1,738 |
$1,864 |
$1,998 |
| Interest |
$10,368 |
$10,259 |
$10,141 |
$10,016 |
$9,881 |
| Loan Balance at End of Year |
$147,285 |
$145,665 |
$143,927 |
$142,063 |
$140,065 |
| 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 |
$44,291 |
$51,659 |
$59,316 |
$67,277 |
$75,556 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$2,077 |
-$1,783 |
-$1,480 |
-$1,168 |
-$846 |
| Monhtly Cash Flow |
-$173 |
-$149 |
-$123 |
-$97 |
-$71 |
| Cash on Cash Return on Investment |
-0.044% |
-0.038% |
-0.032% |
-0.025% |
-0.018% |
| 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 |