Pearland Deal Analysis
Let's look at deal analysis for Pearland, 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 Pearland, Texas Rental Property
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Typical 20% Down Payment Pearland, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$318,134
|
|
Purchase Price
|
|
$318,134
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$63,627
|
|
Closing Costs
|
1.000%
|
$3,181
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$107,913
|
|
Total Invested
|
|
$174,722
|
|
Mortgage
|
|
Mortgage Amount
|
|
$254,507.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,294
$2294.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$826
|
|
Property Taxes
|
2.650%
|
$8,431
|
|
Property Insurance
|
1.419%
|
$4,514
|
|
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%
|
$47,720
|
|
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 |
$327,678 |
$337,508 |
$347,634 |
$358,063 |
$368,804 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,544 |
$9,830 |
$10,125 |
$10,429 |
$10,742 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,294 |
$2,363 |
$2,434 |
$2,507 |
$2,582 |
| 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 |
$2,294 |
$2,363 |
$2,434 |
$2,507 |
$2,582 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$69 |
$71 |
$73 |
$75 |
$77 |
| Monthly Gross Operating Income |
$2,225 |
$2,292 |
$2,361 |
$2,432 |
$2,505 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$27,531 |
$28,357 |
$29,208 |
$30,084 |
$30,986 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$27,531 |
$28,357 |
$29,208 |
$30,084 |
$30,986 |
| Annual Vacancy Dollar |
$826 |
$851 |
$876 |
$903 |
$930 |
| Annual Gross Operating Income |
$26,705 |
$27,506 |
$28,331 |
$29,181 |
$30,057 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.650% |
2.650% |
2.650% |
2.650% |
2.650% |
| Property Taxes Dollar |
$8,431 |
$8,683 |
$8,944 |
$9,212 |
$9,489 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$4,514 |
$4,650 |
$4,789 |
$4,933 |
$5,081 |
| 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 |
$2,671 |
$2,751 |
$2,833 |
$2,918 |
$3,006 |
| 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 |
$15,615 |
$16,084 |
$16,566 |
$17,063 |
$17,575 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,090 |
$11,422 |
$11,765 |
$12,118 |
$12,482 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$20,319 |
$20,319 |
$20,319 |
$20,319 |
$20,319 |
| Principal |
$2,585 |
$2,772 |
$2,973 |
$3,187 |
$3,418 |
| Interest |
$17,734 |
$17,547 |
$17,346 |
$17,131 |
$16,901 |
| Loan Balance at End of Year |
$251,922 |
$249,150 |
$246,177 |
$242,990 |
$239,572 |
| 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 |
$75,756 |
$88,359 |
$101,456 |
$115,073 |
$129,233 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$9,229 |
-$8,896 |
-$8,554 |
-$8,201 |
-$7,837 |
| Monhtly Cash Flow |
-$769 |
-$741 |
-$713 |
-$683 |
-$653 |
| Cash on Cash Return on Investment |
-0.053% |
-0.051% |
-0.049% |
-0.047% |
-0.045% |
| 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 |