Pittsburgh Deal Analysis
Let's look at deal analysis for Pittsburgh, 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 Pittsburgh, Pennsylvania Rental Property
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Typical 20% Down Payment Pittsburgh, Pennsylvania Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$210,870
|
|
Purchase Price
|
|
$210,870
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$42,174
|
|
Closing Costs
|
1.000%
|
$2,109
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$44,283
|
|
Mortgage
|
|
Mortgage Amount
|
|
$168,696
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,363
$2362.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$851
|
|
Property Taxes
|
1.601%
|
$3,376
|
|
Property Insurance
|
0.566%
|
$1,194
|
|
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%
|
$31,631
|
|
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 |
$217,196 |
$223,712 |
$230,423 |
$237,336 |
$244,456 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,326 |
$6,516 |
$6,711 |
$6,913 |
$7,120 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,363 |
$2,433 |
$2,506 |
$2,582 |
$2,659 |
| 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 |
$2,363 |
$2,433 |
$2,506 |
$2,582 |
$2,659 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$71 |
$73 |
$75 |
$77 |
$80 |
| Monthly Gross Operating Income |
$2,292 |
$2,360 |
$2,431 |
$2,504 |
$2,579 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$28,350 |
$29,201 |
$30,077 |
$30,979 |
$31,908 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$28,350 |
$29,201 |
$30,077 |
$30,979 |
$31,908 |
| Annual Vacancy Dollar |
$851 |
$876 |
$902 |
$929 |
$957 |
| Annual Gross Operating Income |
$27,500 |
$28,324 |
$29,174 |
$30,049 |
$30,951 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.601% |
1.601% |
1.601% |
1.601% |
1.601% |
| Property Taxes Dollar |
$3,376 |
$3,477 |
$3,582 |
$3,689 |
$3,800 |
| Insurance Percent |
0.566% |
0.566% |
0.566% |
0.566% |
0.566% |
| Insurance Dollar |
$1,194 |
$1,229 |
$1,266 |
$1,304 |
$1,343 |
| 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 |
$2,750 |
$2,832 |
$2,917 |
$3,005 |
$3,095 |
| 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 |
$7,320 |
$7,539 |
$7,765 |
$7,998 |
$8,238 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,180 |
$20,785 |
$21,409 |
$22,051 |
$22,713 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,468 |
$13,468 |
$13,468 |
$13,468 |
$13,468 |
| Principal |
$1,714 |
$1,838 |
$1,970 |
$2,113 |
$2,266 |
| Interest |
$11,754 |
$11,631 |
$11,498 |
$11,355 |
$11,203 |
| Loan Balance at End of Year |
$166,982 |
$165,145 |
$163,174 |
$161,062 |
$158,796 |
| 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 |
$50,214 |
$58,567 |
$67,249 |
$76,274 |
$85,660 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$6,712 |
$7,317 |
$7,941 |
$8,583 |
$9,245 |
| Monhtly Cash Flow |
$559 |
$610 |
$662 |
$715 |
$770 |
| Cash on Cash Return on Investment |
0.152% |
0.165% |
0.179% |
0.194% |
0.209% |
| 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 |