Sioux Falls Deal Analysis
Let's look at deal analysis for Sioux Falls, SD 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 Sioux Falls, South Dakota Rental Property
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Typical 20% Down Payment Sioux Falls, South Dakota Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$269,502
|
|
Purchase Price
|
|
$269,502
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$53,900
|
|
Closing Costs
|
1.000%
|
$2,695
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$36,250
|
|
Total Invested
|
|
$92,845
|
|
Mortgage
|
|
Mortgage Amount
|
|
$215,601.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,877
$1877.40
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$676
|
|
Property Taxes
|
1.461%
|
$3,937
|
|
Property Insurance
|
1.392%
|
$3,751
|
|
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%
|
$40,425
|
|
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 |
$277,587 |
$285,915 |
$294,492 |
$303,327 |
$312,427 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,085 |
$8,328 |
$8,577 |
$8,835 |
$9,100 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,877 |
$1,934 |
$1,992 |
$2,051 |
$2,113 |
| 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 |
$1,877 |
$1,934 |
$1,992 |
$2,051 |
$2,113 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$56 |
$58 |
$60 |
$62 |
$63 |
| Monthly Gross Operating Income |
$1,821 |
$1,876 |
$1,932 |
$1,990 |
$2,050 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,529 |
$23,205 |
$23,901 |
$24,618 |
$25,356 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,529 |
$23,205 |
$23,901 |
$24,618 |
$25,356 |
| Annual Vacancy Dollar |
$676 |
$696 |
$717 |
$739 |
$761 |
| Annual Gross Operating Income |
$21,853 |
$22,509 |
$23,184 |
$23,879 |
$24,596 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.461% |
1.461% |
1.461% |
1.461% |
1.461% |
| Property Taxes Dollar |
$3,937 |
$4,056 |
$4,177 |
$4,303 |
$4,432 |
| Insurance Percent |
1.392% |
1.392% |
1.392% |
1.392% |
1.392% |
| Insurance Dollar |
$3,751 |
$3,864 |
$3,980 |
$4,099 |
$4,222 |
| 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 |
$2,185 |
$2,251 |
$2,318 |
$2,388 |
$2,460 |
| 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 |
$9,874 |
$10,170 |
$10,476 |
$10,790 |
$11,113 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,979 |
$12,338 |
$12,708 |
$13,090 |
$13,482 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$17,213 |
$17,213 |
$17,213 |
$17,213 |
$17,213 |
| Principal |
$2,190 |
$2,348 |
$2,518 |
$2,700 |
$2,895 |
| Interest |
$15,023 |
$14,864 |
$14,695 |
$14,513 |
$14,317 |
| Loan Balance at End of Year |
$213,412 |
$211,063 |
$208,545 |
$205,845 |
$202,949 |
| 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 |
$64,176 |
$74,852 |
$85,947 |
$97,482 |
$109,477 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,234 |
-$4,875 |
-$4,505 |
-$4,123 |
-$3,731 |
| Monhtly Cash Flow |
-$436 |
-$406 |
-$375 |
-$344 |
-$311 |
| Cash on Cash Return on Investment |
-0.056% |
-0.053% |
-0.049% |
-0.044% |
-0.040% |
| 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 |