Buffalo Deal Analysis
Let's look at deal analysis for Buffalo, NY 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 Buffalo, New York Rental Property
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Typical 20% Down Payment Buffalo, New York Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$183,328
|
|
Purchase Price
|
|
$183,328
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$36,666
|
|
Closing Costs
|
1.000%
|
$1,833
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$38,499
|
|
Mortgage
|
|
Mortgage Amount
|
|
$146,662.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,547
$1546.65
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$557
|
|
Property Taxes
|
1.964%
|
$3,601
|
|
Property Insurance
|
0.344%
|
$631
|
|
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%
|
$27,499
|
|
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 |
$188,828 |
$194,493 |
$200,327 |
$206,337 |
$212,527 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,500 |
$5,665 |
$5,835 |
$6,010 |
$6,190 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,547 |
$1,593 |
$1,641 |
$1,690 |
$1,741 |
| 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 |
$1,547 |
$1,593 |
$1,641 |
$1,690 |
$1,741 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$46 |
$48 |
$49 |
$51 |
$52 |
| Monthly Gross Operating Income |
$1,500 |
$1,545 |
$1,592 |
$1,639 |
$1,689 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$18,560 |
$19,117 |
$19,690 |
$20,281 |
$20,889 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$18,560 |
$19,117 |
$19,690 |
$20,281 |
$20,889 |
| Annual Vacancy Dollar |
$557 |
$573 |
$591 |
$608 |
$627 |
| Annual Gross Operating Income |
$18,003 |
$18,543 |
$19,099 |
$19,672 |
$20,263 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.964% |
1.964% |
1.964% |
1.964% |
1.964% |
| Property Taxes Dollar |
$3,601 |
$3,709 |
$3,820 |
$3,934 |
$4,052 |
| Insurance Percent |
0.344% |
0.344% |
0.344% |
0.344% |
0.344% |
| Insurance Dollar |
$631 |
$650 |
$669 |
$689 |
$710 |
| 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 |
$1,800 |
$1,854 |
$1,910 |
$1,967 |
$2,026 |
| 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 |
$6,032 |
$6,212 |
$6,399 |
$6,591 |
$6,789 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,971 |
$12,331 |
$12,701 |
$13,082 |
$13,474 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,709 |
$11,709 |
$11,709 |
$11,709 |
$11,709 |
| Principal |
$1,490 |
$1,598 |
$1,713 |
$1,837 |
$1,970 |
| Interest |
$10,219 |
$10,111 |
$9,996 |
$9,872 |
$9,739 |
| Loan Balance at End of Year |
$145,173 |
$143,575 |
$141,862 |
$140,025 |
$138,056 |
| 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 |
$43,655 |
$50,918 |
$58,465 |
$66,312 |
$74,472 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$262 |
$622 |
$992 |
$1,373 |
$1,765 |
| Monhtly Cash Flow |
$22 |
$52 |
$83 |
$114 |
$147 |
| Cash on Cash Return on Investment |
0.007% |
0.016% |
0.026% |
0.036% |
0.046% |
| 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 |