Philadelphia Deal Analysis
Let's look at deal analysis for Philadelphia, PA 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 Philadelphia, Pennsylvania Rental Property
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Typical 20% Down Payment Philadelphia, Pennsylvania Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$202,487
|
|
Purchase Price
|
|
$202,487
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$40,497
|
|
Closing Costs
|
1.000%
|
$2,025
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$42,522
|
|
Mortgage
|
|
Mortgage Amount
|
|
$161,989.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,775
$3774.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,359
|
|
Property Taxes
|
1.085%
|
$2,197
|
|
Property Insurance
|
0.566%
|
$1,146
|
|
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%
|
$30,373
|
|
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 |
$208,562 |
$214,818 |
$221,263 |
$227,901 |
$234,738 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,075 |
$6,257 |
$6,445 |
$6,638 |
$6,837 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,775 |
$3,888 |
$4,005 |
$4,125 |
$4,249 |
| 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 |
$3,775 |
$3,888 |
$4,005 |
$4,125 |
$4,249 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$113 |
$117 |
$120 |
$124 |
$127 |
| Monthly Gross Operating Income |
$3,662 |
$3,771 |
$3,884 |
$4,001 |
$4,121 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$45,297 |
$46,656 |
$48,056 |
$49,497 |
$50,982 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$45,297 |
$46,656 |
$48,056 |
$49,497 |
$50,982 |
| Annual Vacancy Dollar |
$1,359 |
$1,400 |
$1,442 |
$1,485 |
$1,529 |
| Annual Gross Operating Income |
$43,938 |
$45,256 |
$46,614 |
$48,012 |
$49,453 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.085% |
1.085% |
1.085% |
1.085% |
1.085% |
| Property Taxes Dollar |
$2,197 |
$2,263 |
$2,331 |
$2,401 |
$2,473 |
| Insurance Percent |
0.566% |
0.566% |
0.566% |
0.566% |
0.566% |
| Insurance Dollar |
$1,146 |
$1,180 |
$1,216 |
$1,252 |
$1,290 |
| 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 |
$4,394 |
$4,526 |
$4,661 |
$4,801 |
$4,945 |
| 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 |
$7,737 |
$7,969 |
$8,208 |
$8,454 |
$8,708 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$36,201 |
$37,287 |
$38,406 |
$39,558 |
$40,745 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,933 |
$12,933 |
$12,933 |
$12,933 |
$12,933 |
| Principal |
$1,645 |
$1,764 |
$1,892 |
$2,029 |
$2,175 |
| Interest |
$11,287 |
$11,168 |
$11,041 |
$10,904 |
$10,757 |
| Loan Balance at End of Year |
$160,344 |
$158,580 |
$156,688 |
$154,659 |
$152,483 |
| 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 |
$48,218 |
$56,239 |
$64,575 |
$73,242 |
$82,254 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$23,269 |
$24,355 |
$25,473 |
$26,625 |
$27,812 |
| Monhtly Cash Flow |
$1,939 |
$2,030 |
$2,123 |
$2,219 |
$2,318 |
| Cash on Cash Return on Investment |
0.547% |
0.573% |
0.599% |
0.626% |
0.654% |
| 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 |