Columbus Deal Analysis
Let's look at deal analysis for Columbus, 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 Columbus, Ohio Rental Property
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Typical 20% Down Payment Columbus, Ohio Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$223,134
|
|
Purchase Price
|
|
$223,134
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$44,627
|
|
Closing Costs
|
1.000%
|
$2,231
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$46,858
|
|
Mortgage
|
|
Mortgage Amount
|
|
$178,507.20
|
|
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
|
1.964%
|
$4,382
|
|
Property Insurance
|
0.693%
|
$1,546
|
|
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%
|
$33,470
|
|
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 |
$229,828 |
$236,723 |
$243,825 |
$251,139 |
$258,673 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,694 |
$6,895 |
$7,102 |
$7,315 |
$7,534 |
| 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 |
1.964% |
1.964% |
1.964% |
1.964% |
1.964% |
| Property Taxes Dollar |
$4,382 |
$4,514 |
$4,649 |
$4,789 |
$4,932 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$1,546 |
$1,593 |
$1,640 |
$1,690 |
$1,740 |
| 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 |
$8,734 |
$8,996 |
$9,265 |
$9,543 |
$9,830 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$19,316 |
$19,895 |
$20,492 |
$21,107 |
$21,740 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,251 |
$14,251 |
$14,251 |
$14,251 |
$14,251 |
| Principal |
$1,813 |
$1,944 |
$2,085 |
$2,236 |
$2,397 |
| Interest |
$12,438 |
$12,307 |
$12,166 |
$12,016 |
$11,854 |
| Loan Balance at End of Year |
$176,694 |
$174,750 |
$172,665 |
$170,429 |
$168,032 |
| 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 |
$53,134 |
$61,973 |
$71,160 |
$80,710 |
$90,642 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$5,065 |
$5,644 |
$6,241 |
$6,856 |
$7,489 |
| Monhtly Cash Flow |
$422 |
$470 |
$520 |
$571 |
$624 |
| Cash on Cash Return on Investment |
0.108% |
0.120% |
0.133% |
0.146% |
0.160% |
| 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 |