Asheville Deal Analysis
Let's look at deal analysis for Asheville, NC 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 Asheville, North Carolina Rental Property
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Typical 20% Down Payment Asheville, North Carolina Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$379,103
|
|
Purchase Price
|
|
$379,103
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$75,821
|
|
Closing Costs
|
1.000%
|
$3,791
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$9,366
|
|
Total Invested
|
|
$88,978
|
|
Mortgage
|
|
Mortgage Amount
|
|
$303,282.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,481
$2481.15
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$893
|
|
Property Taxes
|
0.836%
|
$3,169
|
|
Property Insurance
|
0.484%
|
$1,835
|
|
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%
|
$56,865
|
|
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 |
$390,476 |
$402,190 |
$414,256 |
$426,684 |
$439,484 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,373 |
$11,714 |
$12,066 |
$12,428 |
$12,801 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,481 |
$2,556 |
$2,632 |
$2,711 |
$2,793 |
| 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 |
$2,481 |
$2,556 |
$2,632 |
$2,711 |
$2,793 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$74 |
$77 |
$79 |
$81 |
$84 |
| Monthly Gross Operating Income |
$2,407 |
$2,479 |
$2,553 |
$2,630 |
$2,709 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$29,774 |
$30,667 |
$31,587 |
$32,535 |
$33,511 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$29,774 |
$30,667 |
$31,587 |
$32,535 |
$33,511 |
| Annual Vacancy Dollar |
$893 |
$920 |
$948 |
$976 |
$1,005 |
| Annual Gross Operating Income |
$28,881 |
$29,747 |
$30,639 |
$31,559 |
$32,505 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.836% |
0.836% |
0.836% |
0.836% |
0.836% |
| Property Taxes Dollar |
$3,169 |
$3,264 |
$3,362 |
$3,463 |
$3,567 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,835 |
$1,890 |
$1,947 |
$2,005 |
$2,065 |
| 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 |
$2,888 |
$2,975 |
$3,064 |
$3,156 |
$3,251 |
| 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 |
$7,892 |
$8,129 |
$8,373 |
$8,624 |
$8,883 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,988 |
$21,618 |
$22,267 |
$22,935 |
$23,623 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,213 |
$24,213 |
$24,213 |
$24,213 |
$24,213 |
| Principal |
$3,081 |
$3,304 |
$3,542 |
$3,798 |
$4,073 |
| Interest |
$21,132 |
$20,909 |
$20,671 |
$20,415 |
$20,140 |
| Loan Balance at End of Year |
$300,202 |
$296,898 |
$293,356 |
$289,557 |
$285,484 |
| 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 |
$90,275 |
$105,292 |
$120,900 |
$137,127 |
$154,000 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,225 |
-$2,595 |
-$1,946 |
-$1,278 |
-$590 |
| Monhtly Cash Flow |
-$269 |
-$216 |
-$162 |
-$107 |
-$49 |
| Cash on Cash Return on Investment |
-0.036% |
-0.029% |
-0.022% |
-0.014% |
-0.007% |
| 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 |