McAllen Deal Analysis
Let's look at deal analysis for McAllen, 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 McAllen, Texas Rental Property
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Typical 20% Down Payment McAllen, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$176,692
|
|
Purchase Price
|
|
$176,692
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$35,338
|
|
Closing Costs
|
1.000%
|
$1,767
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$37,105
|
|
Mortgage
|
|
Mortgage Amount
|
|
$141,353.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,785
$1785.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$643
|
|
Property Taxes
|
2.412%
|
$4,262
|
|
Property Insurance
|
1.419%
|
$2,507
|
|
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%
|
$26,504
|
|
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 |
$181,993 |
$187,453 |
$193,076 |
$198,868 |
$204,834 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,301 |
$5,460 |
$5,624 |
$5,792 |
$5,966 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,785 |
$1,839 |
$1,894 |
$1,951 |
$2,009 |
| 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 |
$1,785 |
$1,839 |
$1,894 |
$1,951 |
$2,009 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$54 |
$55 |
$57 |
$59 |
$60 |
| Monthly Gross Operating Income |
$1,731 |
$1,783 |
$1,837 |
$1,892 |
$1,949 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$21,420 |
$22,063 |
$22,724 |
$23,406 |
$24,108 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$21,420 |
$22,063 |
$22,724 |
$23,406 |
$24,108 |
| Annual Vacancy Dollar |
$643 |
$662 |
$682 |
$702 |
$723 |
| Annual Gross Operating Income |
$20,777 |
$21,401 |
$22,043 |
$22,704 |
$23,385 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.412% |
2.412% |
2.412% |
2.412% |
2.412% |
| Property Taxes Dollar |
$4,262 |
$4,390 |
$4,521 |
$4,657 |
$4,797 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$2,507 |
$2,582 |
$2,660 |
$2,740 |
$2,822 |
| 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 |
$2,078 |
$2,140 |
$2,204 |
$2,270 |
$2,339 |
| 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 |
$8,847 |
$9,112 |
$9,386 |
$9,667 |
$9,957 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,931 |
$12,289 |
$12,657 |
$13,037 |
$13,428 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,285 |
$11,285 |
$11,285 |
$11,285 |
$11,285 |
| Principal |
$1,436 |
$1,540 |
$1,651 |
$1,770 |
$1,898 |
| Interest |
$9,849 |
$9,745 |
$9,634 |
$9,515 |
$9,387 |
| Loan Balance at End of Year |
$139,918 |
$138,378 |
$136,727 |
$134,957 |
$133,058 |
| 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 |
$42,075 |
$49,075 |
$56,349 |
$63,912 |
$71,776 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$645 |
$1,003 |
$1,372 |
$1,752 |
$2,143 |
| Monhtly Cash Flow |
$54 |
$84 |
$114 |
$146 |
$179 |
| Cash on Cash Return on Investment |
0.017% |
0.027% |
0.037% |
0.047% |
0.058% |
| 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 |