Charleston Deal Analysis
Let's look at deal analysis for Charleston, SC 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 Charleston, South Carolina Rental Property
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Typical 20% Down Payment Charleston, South Carolina Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$451,311
|
|
Purchase Price
|
|
$451,311
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$90,262
|
|
Closing Costs
|
1.000%
|
$4,513
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$548,883
|
|
Total Invested
|
|
$643,658
|
|
Mortgage
|
|
Mortgage Amount
|
|
$361,048.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,290
$1290.45
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$465
|
|
Property Taxes
|
0.507%
|
$2,288
|
|
Property Insurance
|
1.021%
|
$4,608
|
|
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%
|
$67,697
|
|
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 |
$464,850 |
$478,796 |
$493,160 |
$507,955 |
$523,193 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,539 |
$13,946 |
$14,364 |
$14,795 |
$15,239 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,290 |
$1,329 |
$1,369 |
$1,410 |
$1,452 |
| 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 |
$1,290 |
$1,329 |
$1,369 |
$1,410 |
$1,452 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$39 |
$40 |
$41 |
$42 |
$44 |
| Monthly Gross Operating Income |
$1,252 |
$1,289 |
$1,328 |
$1,368 |
$1,409 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$15,485 |
$15,950 |
$16,428 |
$16,921 |
$17,429 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$15,485 |
$15,950 |
$16,428 |
$16,921 |
$17,429 |
| Annual Vacancy Dollar |
$465 |
$478 |
$493 |
$508 |
$523 |
| Annual Gross Operating Income |
$15,021 |
$15,471 |
$15,936 |
$16,414 |
$16,906 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.507% |
0.507% |
0.507% |
0.507% |
0.507% |
| Property Taxes Dollar |
$2,288 |
$2,357 |
$2,427 |
$2,500 |
$2,575 |
| Insurance Percent |
1.021% |
1.021% |
1.021% |
1.021% |
1.021% |
| Insurance Dollar |
$4,608 |
$4,746 |
$4,889 |
$5,035 |
$5,186 |
| 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 |
$1,502 |
$1,547 |
$1,594 |
$1,641 |
$1,691 |
| 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 |
$8,398 |
$8,650 |
$8,910 |
$9,177 |
$9,452 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$6,623 |
$6,821 |
$7,026 |
$7,237 |
$7,454 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$28,825 |
$28,825 |
$28,825 |
$28,825 |
$28,825 |
| Principal |
$3,668 |
$3,933 |
$4,217 |
$4,522 |
$4,849 |
| Interest |
$25,157 |
$24,892 |
$24,608 |
$24,303 |
$23,976 |
| Loan Balance at End of Year |
$357,381 |
$353,448 |
$349,231 |
$344,710 |
$339,861 |
| 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 |
$107,469 |
$125,347 |
$143,928 |
$163,245 |
$183,332 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$22,202 |
-$22,003 |
-$21,799 |
-$21,588 |
-$21,371 |
| Monhtly Cash Flow |
-$1,850 |
-$1,834 |
-$1,817 |
-$1,799 |
-$1,781 |
| Cash on Cash Return on Investment |
-0.034% |
-0.034% |
-0.034% |
-0.034% |
-0.033% |
| 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 |