Raleigh Deal Analysis
Let's look at deal analysis for Raleigh, 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 Raleigh, North Carolina Rental Property
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Typical 20% Down Payment Raleigh, North Carolina Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$398,721
|
|
Purchase Price
|
|
$398,721
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$79,744
|
|
Closing Costs
|
1.000%
|
$3,987
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$2,024
|
|
Total Invested
|
|
$85,756
|
|
Mortgage
|
|
Mortgage Amount
|
|
$318,976.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,835
$2835.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,021
|
|
Property Taxes
|
0.937%
|
$3,736
|
|
Property Insurance
|
0.484%
|
$1,930
|
|
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%
|
$59,808
|
|
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 |
$410,683 |
$423,003 |
$435,693 |
$448,764 |
$462,227 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,962 |
$12,320 |
$12,690 |
$13,071 |
$13,463 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,835 |
$2,920 |
$3,008 |
$3,098 |
$3,191 |
| 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 |
$2,835 |
$2,920 |
$3,008 |
$3,098 |
$3,191 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$85 |
$88 |
$90 |
$93 |
$96 |
| Monthly Gross Operating Income |
$2,750 |
$2,832 |
$2,917 |
$3,005 |
$3,095 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$34,020 |
$35,041 |
$36,092 |
$37,175 |
$38,290 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$34,020 |
$35,041 |
$36,092 |
$37,175 |
$38,290 |
| Annual Vacancy Dollar |
$1,021 |
$1,051 |
$1,083 |
$1,115 |
$1,149 |
| Annual Gross Operating Income |
$32,999 |
$33,989 |
$35,009 |
$36,059 |
$37,141 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.937% |
0.937% |
0.937% |
0.937% |
0.937% |
| Property Taxes Dollar |
$3,736 |
$3,848 |
$3,964 |
$4,082 |
$4,205 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,930 |
$1,988 |
$2,047 |
$2,109 |
$2,172 |
| 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 |
$3,300 |
$3,399 |
$3,501 |
$3,606 |
$3,714 |
| 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 |
$8,966 |
$9,235 |
$9,512 |
$9,797 |
$10,091 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,034 |
$24,755 |
$25,497 |
$26,262 |
$27,050 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$25,466 |
$25,466 |
$25,466 |
$25,466 |
$25,466 |
| Principal |
$3,240 |
$3,474 |
$3,726 |
$3,995 |
$4,284 |
| Interest |
$22,226 |
$21,991 |
$21,740 |
$21,471 |
$21,182 |
| Loan Balance at End of Year |
$315,737 |
$312,262 |
$308,537 |
$304,542 |
$300,258 |
| 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 |
$94,946 |
$110,741 |
$127,157 |
$144,222 |
$161,969 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,432 |
-$711 |
$31 |
$796 |
$1,584 |
| Monhtly Cash Flow |
-$119 |
-$59 |
$3 |
$66 |
$132 |
| Cash on Cash Return on Investment |
-0.017% |
-0.008% |
0.000% |
0.009% |
0.018% |
| 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 |