Springfield Deal Analysis
Let's look at deal analysis for Springfield, MO 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 Springfield, Missouri Rental Property
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Typical 20% Down Payment Springfield, Missouri Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$186,919
|
|
Purchase Price
|
|
$186,919
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$37,384
|
|
Closing Costs
|
1.000%
|
$1,869
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$39,253
|
|
Mortgage
|
|
Mortgage Amount
|
|
$149,535.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,733
$1732.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$624
|
|
Property Taxes
|
0.896%
|
$1,675
|
|
Property Insurance
|
1.550%
|
$2,897
|
|
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%
|
$28,038
|
|
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 |
$192,527 |
$198,302 |
$204,251 |
$210,379 |
$216,690 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,608 |
$5,776 |
$5,949 |
$6,128 |
$6,311 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,733 |
$1,784 |
$1,838 |
$1,893 |
$1,950 |
| 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 |
$1,733 |
$1,784 |
$1,838 |
$1,893 |
$1,950 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$52 |
$54 |
$55 |
$57 |
$58 |
| Monthly Gross Operating Income |
$1,681 |
$1,731 |
$1,783 |
$1,836 |
$1,891 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$20,790 |
$21,414 |
$22,056 |
$22,718 |
$23,399 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$20,790 |
$21,414 |
$22,056 |
$22,718 |
$23,399 |
| Annual Vacancy Dollar |
$624 |
$642 |
$662 |
$682 |
$702 |
| Annual Gross Operating Income |
$20,166 |
$20,771 |
$21,394 |
$22,036 |
$22,697 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.896% |
0.896% |
0.896% |
0.896% |
0.896% |
| Property Taxes Dollar |
$1,675 |
$1,725 |
$1,777 |
$1,830 |
$1,885 |
| Insurance Percent |
1.550% |
1.550% |
1.550% |
1.550% |
1.550% |
| Insurance Dollar |
$2,897 |
$2,984 |
$3,074 |
$3,166 |
$3,261 |
| 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 |
$2,017 |
$2,077 |
$2,139 |
$2,204 |
$2,270 |
| 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 |
$6,589 |
$6,786 |
$6,990 |
$7,200 |
$7,416 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,578 |
$13,985 |
$14,405 |
$14,837 |
$15,282 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,938 |
$11,938 |
$11,938 |
$11,938 |
$11,938 |
| Principal |
$1,519 |
$1,629 |
$1,747 |
$1,873 |
$2,008 |
| Interest |
$10,419 |
$10,310 |
$10,192 |
$10,066 |
$9,930 |
| Loan Balance at End of Year |
$148,016 |
$146,387 |
$144,641 |
$142,768 |
$140,760 |
| 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 |
$44,510 |
$51,915 |
$59,611 |
$67,611 |
$75,930 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$1,639 |
$2,047 |
$2,466 |
$2,898 |
$3,343 |
| Monhtly Cash Flow |
$137 |
$171 |
$206 |
$242 |
$279 |
| Cash on Cash Return on Investment |
0.042% |
0.052% |
0.063% |
0.074% |
0.085% |
| 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 |