Cleveland Deal Analysis
Let's look at deal analysis for Cleveland, OH 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 Cleveland, Ohio Rental Property
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Typical 20% Down Payment Cleveland, Ohio Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$92,060
|
|
Purchase Price
|
|
$92,060
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$18,412
|
|
Closing Costs
|
1.000%
|
$921
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$19,333
|
|
Mortgage
|
|
Mortgage Amount
|
|
$73,648
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,410
$2409.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$868
|
|
Property Taxes
|
2.257%
|
$2,078
|
|
Property Insurance
|
0.693%
|
$638
|
|
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%
|
$13,809
|
|
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 |
$94,822 |
$97,666 |
$100,596 |
$103,614 |
$106,723 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$2,762 |
$2,845 |
$2,930 |
$3,018 |
$3,108 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,410 |
$2,482 |
$2,557 |
$2,633 |
$2,712 |
| 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 |
$2,410 |
$2,482 |
$2,557 |
$2,633 |
$2,712 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$72 |
$74 |
$77 |
$79 |
$81 |
| Monthly Gross Operating Income |
$2,337 |
$2,408 |
$2,480 |
$2,554 |
$2,631 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$28,917 |
$29,785 |
$30,678 |
$31,598 |
$32,546 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$28,917 |
$29,785 |
$30,678 |
$31,598 |
$32,546 |
| Annual Vacancy Dollar |
$868 |
$894 |
$920 |
$948 |
$976 |
| Annual Gross Operating Income |
$28,049 |
$28,891 |
$29,758 |
$30,650 |
$31,570 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.257% |
2.257% |
2.257% |
2.257% |
2.257% |
| Property Taxes Dollar |
$2,078 |
$2,140 |
$2,204 |
$2,270 |
$2,339 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$638 |
$657 |
$677 |
$697 |
$718 |
| 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 |
$2,805 |
$2,889 |
$2,976 |
$3,065 |
$3,157 |
| 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 |
$5,521 |
$5,686 |
$5,857 |
$6,033 |
$6,214 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$22,529 |
$23,205 |
$23,901 |
$24,618 |
$25,356 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$5,880 |
$5,880 |
$5,880 |
$5,880 |
$5,880 |
| Principal |
$748 |
$802 |
$860 |
$922 |
$989 |
| Interest |
$5,132 |
$5,078 |
$5,020 |
$4,957 |
$4,891 |
| Loan Balance at End of Year |
$72,900 |
$72,098 |
$71,238 |
$70,315 |
$69,326 |
| 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 |
$21,922 |
$25,569 |
$29,359 |
$33,299 |
$37,397 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$16,649 |
$17,325 |
$18,021 |
$18,738 |
$19,477 |
| Monhtly Cash Flow |
$1,387 |
$1,444 |
$1,502 |
$1,562 |
$1,623 |
| Cash on Cash Return on Investment |
0.861% |
0.896% |
0.932% |
0.969% |
1.007% |
| 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 |