Portland Deal Analysis
Let's look at deal analysis for Portland, ME 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 Portland, Maine Rental Property
|
Typical 20% Down Payment Portland, Maine Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$448,204
|
|
Purchase Price
|
|
$448,204
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$89,641
|
|
Closing Costs
|
1.000%
|
$4,482
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$10,458
|
|
Total Invested
|
|
$104,581
|
|
Mortgage
|
|
Mortgage Amount
|
|
$358,563.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,150
$3150.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,134
|
|
Property Taxes
|
1.000%
|
$4,482
|
|
Property Insurance
|
0.800%
|
$3,586
|
|
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%
|
$67,231
|
|
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 |
$461,650 |
$475,500 |
$489,765 |
$504,458 |
$519,591 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,446 |
$13,850 |
$14,265 |
$14,693 |
$15,134 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,150 |
$3,245 |
$3,342 |
$3,442 |
$3,545 |
| 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 |
$3,150 |
$3,245 |
$3,342 |
$3,442 |
$3,545 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$95 |
$97 |
$100 |
$103 |
$106 |
| Monthly Gross Operating Income |
$3,056 |
$3,147 |
$3,242 |
$3,339 |
$3,439 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$37,800 |
$38,934 |
$40,102 |
$41,305 |
$42,544 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$37,800 |
$38,934 |
$40,102 |
$41,305 |
$42,544 |
| Annual Vacancy Dollar |
$1,134 |
$1,168 |
$1,203 |
$1,239 |
$1,276 |
| Annual Gross Operating Income |
$36,666 |
$37,766 |
$38,899 |
$40,066 |
$41,268 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$4,482 |
$4,617 |
$4,755 |
$4,898 |
$5,045 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$3,586 |
$3,693 |
$3,804 |
$3,918 |
$4,036 |
| 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 |
$3,667 |
$3,777 |
$3,890 |
$4,007 |
$4,127 |
| 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 |
$11,734 |
$12,086 |
$12,449 |
$12,822 |
$13,207 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,932 |
$25,680 |
$26,450 |
$27,244 |
$28,061 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$28,626 |
$28,626 |
$28,626 |
$28,626 |
$28,626 |
| Principal |
$3,642 |
$3,906 |
$4,188 |
$4,491 |
$4,815 |
| Interest |
$24,984 |
$24,721 |
$24,438 |
$24,136 |
$23,811 |
| Loan Balance at End of Year |
$354,921 |
$351,015 |
$346,827 |
$342,337 |
$337,521 |
| 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 |
$106,729 |
$124,484 |
$142,937 |
$162,121 |
$182,070 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,695 |
-$2,947 |
-$2,176 |
-$1,383 |
-$565 |
| Monhtly Cash Flow |
-$308 |
-$246 |
-$181 |
-$115 |
-$47 |
| Cash on Cash Return on Investment |
-0.035% |
-0.028% |
-0.021% |
-0.013% |
-0.005% |
| 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 |