Elizabeth Deal Analysis
Let's look at deal analysis for Elizabeth, NJ 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 Elizabeth, New Jersey Rental Property
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Typical 20% Down Payment Elizabeth, New Jersey Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$384,847
|
|
Purchase Price
|
|
$384,847
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$76,969
|
|
Closing Costs
|
1.000%
|
$3,848
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$128,144
|
|
Total Invested
|
|
$208,962
|
|
Mortgage
|
|
Mortgage Amount
|
|
$307,877.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,573
$2572.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$926
|
|
Property Taxes
|
3.300%
|
$12,700
|
|
Property Insurance
|
0.195%
|
$750
|
|
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%
|
$57,727
|
|
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 |
$396,392 |
$408,284 |
$420,533 |
$433,149 |
$446,143 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,545 |
$11,892 |
$12,249 |
$12,616 |
$12,994 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,573 |
$2,650 |
$2,729 |
$2,811 |
$2,895 |
| 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 |
$2,573 |
$2,650 |
$2,729 |
$2,811 |
$2,895 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$77 |
$79 |
$82 |
$84 |
$87 |
| Monthly Gross Operating Income |
$2,495 |
$2,570 |
$2,647 |
$2,727 |
$2,809 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,870 |
$31,796 |
$32,750 |
$33,732 |
$34,744 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,870 |
$31,796 |
$32,750 |
$33,732 |
$34,744 |
| Annual Vacancy Dollar |
$926 |
$954 |
$982 |
$1,012 |
$1,042 |
| Annual Gross Operating Income |
$29,944 |
$30,842 |
$31,767 |
$32,721 |
$33,702 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.300% |
3.300% |
3.300% |
3.300% |
3.300% |
| Property Taxes Dollar |
$12,700 |
$13,081 |
$13,473 |
$13,878 |
$14,294 |
| Insurance Percent |
0.195% |
0.195% |
0.195% |
0.195% |
0.195% |
| Insurance Dollar |
$750 |
$773 |
$796 |
$820 |
$845 |
| 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 |
$2,994 |
$3,084 |
$3,177 |
$3,272 |
$3,370 |
| 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 |
$16,445 |
$16,938 |
$17,446 |
$17,970 |
$18,509 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,499 |
$13,904 |
$14,321 |
$14,751 |
$15,193 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,580 |
$24,580 |
$24,580 |
$24,580 |
$24,580 |
| Principal |
$3,127 |
$3,354 |
$3,596 |
$3,856 |
$4,135 |
| Interest |
$21,452 |
$21,226 |
$20,984 |
$20,724 |
$20,445 |
| Loan Balance at End of Year |
$304,750 |
$301,397 |
$297,801 |
$293,945 |
$289,810 |
| 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 |
$91,642 |
$106,888 |
$122,732 |
$139,204 |
$156,333 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$11,081 |
-$10,676 |
-$10,259 |
-$9,829 |
-$9,386 |
| Monhtly Cash Flow |
-$923 |
-$890 |
-$855 |
-$819 |
-$782 |
| Cash on Cash Return on Investment |
-0.053% |
-0.051% |
-0.049% |
-0.047% |
-0.045% |
| 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 |