Metairie Deal Analysis
Let's look at deal analysis for Metairie, 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 Metairie, Louisiana Rental Property
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Typical 20% Down Payment Metairie, Louisiana Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$298,128
|
|
Purchase Price
|
|
$298,128
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$59,626
|
|
Closing Costs
|
1.000%
|
$2,981
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$28,121
|
|
Total Invested
|
|
$90,728
|
|
Mortgage
|
|
Mortgage Amount
|
|
$238,502.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,205
$2205.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$794
|
|
Property Taxes
|
0.612%
|
$1,825
|
|
Property Insurance
|
2.398%
|
$7,149
|
|
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%
|
$44,719
|
|
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 |
$307,072 |
$316,284 |
$325,773 |
$335,546 |
$345,612 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,944 |
$9,212 |
$9,489 |
$9,773 |
$10,066 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,205 |
$2,271 |
$2,339 |
$2,409 |
$2,482 |
| 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 |
$2,205 |
$2,271 |
$2,339 |
$2,409 |
$2,482 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$66 |
$68 |
$70 |
$72 |
$74 |
| Monthly Gross Operating Income |
$2,139 |
$2,203 |
$2,269 |
$2,337 |
$2,407 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,460 |
$27,254 |
$28,071 |
$28,914 |
$29,781 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,460 |
$27,254 |
$28,071 |
$28,914 |
$29,781 |
| Annual Vacancy Dollar |
$794 |
$818 |
$842 |
$867 |
$893 |
| Annual Gross Operating Income |
$25,666 |
$26,436 |
$27,229 |
$28,046 |
$28,888 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.612% |
0.612% |
0.612% |
0.612% |
0.612% |
| Property Taxes Dollar |
$1,825 |
$1,879 |
$1,936 |
$1,994 |
$2,054 |
| Insurance Percent |
2.398% |
2.398% |
2.398% |
2.398% |
2.398% |
| Insurance Dollar |
$7,149 |
$7,364 |
$7,584 |
$7,812 |
$8,046 |
| 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 |
$2,567 |
$2,644 |
$2,723 |
$2,805 |
$2,889 |
| 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 |
$11,540 |
$11,886 |
$12,243 |
$12,610 |
$12,989 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$14,126 |
$14,550 |
$14,986 |
$15,436 |
$15,899 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,041 |
$19,041 |
$19,041 |
$19,041 |
$19,041 |
| Principal |
$2,423 |
$2,598 |
$2,786 |
$2,987 |
$3,203 |
| Interest |
$16,618 |
$16,443 |
$16,255 |
$16,054 |
$15,838 |
| Loan Balance at End of Year |
$236,080 |
$233,482 |
$230,696 |
$227,709 |
$224,506 |
| 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 |
$70,992 |
$82,802 |
$95,076 |
$107,836 |
$121,106 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,915 |
-$4,491 |
-$4,055 |
-$3,605 |
-$3,142 |
| Monhtly Cash Flow |
-$410 |
-$374 |
-$338 |
-$300 |
-$262 |
| Cash on Cash Return on Investment |
-0.054% |
-0.050% |
-0.045% |
-0.040% |
-0.035% |
| 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 |