High Point Deal Analysis
Let's look at deal analysis for High Point, 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 High Point, North Carolina Rental Property
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Typical 20% Down Payment High Point, North Carolina Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$193,500
|
|
Purchase Price
|
|
$193,500
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$38,700
|
|
Closing Costs
|
1.000%
|
$1,935
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$40,635
|
|
Mortgage
|
|
Mortgage Amount
|
|
$154,800
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,738
$1737.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$626
|
|
Property Taxes
|
1.292%
|
$2,500
|
|
Property Insurance
|
0.484%
|
$937
|
|
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%
|
$29,025
|
|
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 |
$199,305 |
$205,284 |
$211,443 |
$217,786 |
$224,320 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,805 |
$5,979 |
$6,159 |
$6,343 |
$6,534 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,738 |
$1,790 |
$1,844 |
$1,899 |
$1,956 |
| 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 |
$1,738 |
$1,790 |
$1,844 |
$1,899 |
$1,956 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$52 |
$54 |
$55 |
$57 |
$59 |
| Monthly Gross Operating Income |
$1,686 |
$1,736 |
$1,788 |
$1,842 |
$1,897 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$20,853 |
$21,479 |
$22,123 |
$22,787 |
$23,470 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$20,853 |
$21,479 |
$22,123 |
$22,787 |
$23,470 |
| Annual Vacancy Dollar |
$626 |
$644 |
$664 |
$684 |
$704 |
| Annual Gross Operating Income |
$20,227 |
$20,834 |
$21,459 |
$22,103 |
$22,766 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.292% |
1.292% |
1.292% |
1.292% |
1.292% |
| Property Taxes Dollar |
$2,500 |
$2,575 |
$2,652 |
$2,732 |
$2,814 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$937 |
$965 |
$994 |
$1,023 |
$1,054 |
| 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 |
$2,023 |
$2,083 |
$2,146 |
$2,210 |
$2,277 |
| 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 |
$5,459 |
$5,623 |
$5,792 |
$5,966 |
$6,144 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$14,768 |
$15,211 |
$15,667 |
$16,138 |
$16,622 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,359 |
$12,359 |
$12,359 |
$12,359 |
$12,359 |
| Principal |
$1,572 |
$1,686 |
$1,808 |
$1,939 |
$2,079 |
| Interest |
$10,786 |
$10,673 |
$10,551 |
$10,420 |
$10,280 |
| Loan Balance at End of Year |
$153,228 |
$151,541 |
$149,733 |
$147,795 |
$145,716 |
| 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 |
$46,077 |
$53,743 |
$61,709 |
$69,991 |
$78,604 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$2,409 |
$2,852 |
$3,309 |
$3,779 |
$4,263 |
| Monhtly Cash Flow |
$201 |
$238 |
$276 |
$315 |
$355 |
| Cash on Cash Return on Investment |
0.059% |
0.070% |
0.081% |
0.093% |
0.105% |
| 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 |