El Paso Deal Analysis
Let's look at deal analysis for El Paso, TX 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 El Paso, Texas Rental Property
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Typical 20% Down Payment El Paso, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$168,986
|
|
Purchase Price
|
|
$168,986
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$33,797
|
|
Closing Costs
|
1.000%
|
$1,690
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$2,411
|
|
Total Invested
|
|
$37,898
|
|
Mortgage
|
|
Mortgage Amount
|
|
$135,188.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,575
$1575.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$567
|
|
Property Taxes
|
2.592%
|
$4,380
|
|
Property Insurance
|
1.419%
|
$2,398
|
|
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%
|
$25,348
|
|
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 |
$174,056 |
$179,277 |
$184,656 |
$190,195 |
$195,901 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,070 |
$5,222 |
$5,378 |
$5,540 |
$5,706 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,575 |
$1,622 |
$1,671 |
$1,721 |
$1,773 |
| 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 |
$1,575 |
$1,622 |
$1,671 |
$1,721 |
$1,773 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$47 |
$49 |
$50 |
$52 |
$53 |
| Monthly Gross Operating Income |
$1,528 |
$1,574 |
$1,621 |
$1,669 |
$1,719 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$18,900 |
$19,467 |
$20,051 |
$20,653 |
$21,272 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$18,900 |
$19,467 |
$20,051 |
$20,653 |
$21,272 |
| Annual Vacancy Dollar |
$567 |
$584 |
$602 |
$620 |
$638 |
| Annual Gross Operating Income |
$18,333 |
$18,883 |
$19,449 |
$20,033 |
$20,634 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.592% |
2.592% |
2.592% |
2.592% |
2.592% |
| Property Taxes Dollar |
$4,380 |
$4,512 |
$4,647 |
$4,786 |
$4,930 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$2,398 |
$2,470 |
$2,544 |
$2,620 |
$2,699 |
| 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 |
$1,833 |
$1,888 |
$1,945 |
$2,003 |
$2,063 |
| 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 |
$8,611 |
$8,870 |
$9,136 |
$9,410 |
$9,692 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$9,722 |
$10,013 |
$10,314 |
$10,623 |
$10,942 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,793 |
$10,793 |
$10,793 |
$10,793 |
$10,793 |
| Principal |
$1,373 |
$1,472 |
$1,579 |
$1,693 |
$1,815 |
| Interest |
$9,420 |
$9,320 |
$9,214 |
$9,100 |
$8,977 |
| Loan Balance at End of Year |
$133,816 |
$132,343 |
$130,764 |
$129,071 |
$127,256 |
| 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 |
$40,240 |
$46,934 |
$53,891 |
$61,124 |
$68,645 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,071 |
-$780 |
-$479 |
-$170 |
$149 |
| Monhtly Cash Flow |
-$89 |
-$65 |
-$40 |
-$14 |
$12 |
| Cash on Cash Return on Investment |
-0.028% |
-0.021% |
-0.013% |
-0.004% |
0.004% |
| 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 |