Jersey City Deal Analysis
Let's look at deal analysis for Jersey City, 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 Jersey City, New Jersey Rental Property
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Typical 20% Down Payment Jersey City, New Jersey Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$544,370
|
|
Purchase Price
|
|
$544,370
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$108,874
|
|
Closing Costs
|
1.000%
|
$5,444
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$114,318
|
|
Mortgage
|
|
Mortgage Amount
|
|
$435,496
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$6,092
$6092.10
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$2,193
|
|
Property Taxes
|
2.081%
|
$11,328
|
|
Property Insurance
|
0.195%
|
$1,062
|
|
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%
|
$81,656
|
|
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 |
$560,701 |
$577,522 |
$594,848 |
$612,693 |
$631,074 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$16,331 |
$16,821 |
$17,326 |
$17,845 |
$18,381 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$6,092 |
$6,275 |
$6,463 |
$6,657 |
$6,857 |
| 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 |
$6,092 |
$6,275 |
$6,463 |
$6,657 |
$6,857 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$183 |
$188 |
$194 |
$200 |
$206 |
| Monthly Gross Operating Income |
$5,909 |
$6,087 |
$6,269 |
$6,457 |
$6,651 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$73,105 |
$75,298 |
$77,557 |
$79,884 |
$82,281 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$73,105 |
$75,298 |
$77,557 |
$79,884 |
$82,281 |
| Annual Vacancy Dollar |
$2,193 |
$2,259 |
$2,327 |
$2,397 |
$2,468 |
| Annual Gross Operating Income |
$70,912 |
$73,039 |
$75,231 |
$77,488 |
$79,812 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.081% |
2.081% |
2.081% |
2.081% |
2.081% |
| Property Taxes Dollar |
$11,328 |
$11,668 |
$12,018 |
$12,379 |
$12,750 |
| Insurance Percent |
0.195% |
0.195% |
0.195% |
0.195% |
0.195% |
| Insurance Dollar |
$1,062 |
$1,093 |
$1,126 |
$1,160 |
$1,195 |
| 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 |
$7,091 |
$7,304 |
$7,523 |
$7,749 |
$7,981 |
| 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 |
$19,481 |
$20,065 |
$20,667 |
$21,287 |
$21,926 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$51,431 |
$52,974 |
$54,563 |
$56,200 |
$57,886 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$34,768 |
$34,768 |
$34,768 |
$34,768 |
$34,768 |
| Principal |
$4,424 |
$4,744 |
$5,087 |
$5,454 |
$5,849 |
| Interest |
$30,345 |
$30,025 |
$29,682 |
$29,314 |
$28,920 |
| Loan Balance at End of Year |
$431,072 |
$426,328 |
$421,242 |
$415,788 |
$409,939 |
| 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 |
$129,629 |
$151,194 |
$173,606 |
$196,906 |
$221,135 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$16,663 |
$18,205 |
$19,795 |
$21,432 |
$23,118 |
| Monhtly Cash Flow |
$1,389 |
$1,517 |
$1,650 |
$1,786 |
$1,926 |
| Cash on Cash Return on Investment |
0.146% |
0.159% |
0.173% |
0.187% |
0.202% |
| 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 |