Wichita Falls Deal Analysis
Let's look at deal analysis for Wichita Falls, 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 Wichita Falls, Texas Rental Property
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Typical 20% Down Payment Wichita Falls, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$134,615
|
|
Purchase Price
|
|
$134,615
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$26,923
|
|
Closing Costs
|
1.000%
|
$1,346
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$28,269
|
|
Mortgage
|
|
Mortgage Amount
|
|
$107,692
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,365
$1365.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$491
|
|
Property Taxes
|
2.421%
|
$3,259
|
|
Property Insurance
|
1.419%
|
$1,910
|
|
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%
|
$20,192
|
|
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 |
$138,653 |
$142,813 |
$147,097 |
$151,510 |
$156,056 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,038 |
$4,160 |
$4,284 |
$4,413 |
$4,545 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,365 |
$1,406 |
$1,448 |
$1,492 |
$1,536 |
| 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 |
$1,365 |
$1,406 |
$1,448 |
$1,492 |
$1,536 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$41 |
$42 |
$43 |
$45 |
$46 |
| Monthly Gross Operating Income |
$1,324 |
$1,364 |
$1,405 |
$1,447 |
$1,490 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$16,380 |
$16,871 |
$17,378 |
$17,899 |
$18,436 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$16,380 |
$16,871 |
$17,378 |
$17,899 |
$18,436 |
| Annual Vacancy Dollar |
$491 |
$506 |
$521 |
$537 |
$553 |
| Annual Gross Operating Income |
$15,889 |
$16,365 |
$16,856 |
$17,362 |
$17,883 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.421% |
2.421% |
2.421% |
2.421% |
2.421% |
| Property Taxes Dollar |
$3,259 |
$3,357 |
$3,458 |
$3,561 |
$3,668 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$1,910 |
$1,967 |
$2,027 |
$2,087 |
$2,150 |
| 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 |
$1,589 |
$1,637 |
$1,686 |
$1,736 |
$1,788 |
| 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 |
$6,758 |
$6,961 |
$7,170 |
$7,385 |
$7,606 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$9,131 |
$9,404 |
$9,687 |
$9,977 |
$10,276 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$8,598 |
$8,598 |
$8,598 |
$8,598 |
$8,598 |
| Principal |
$1,094 |
$1,173 |
$1,258 |
$1,349 |
$1,446 |
| Interest |
$7,504 |
$7,425 |
$7,340 |
$7,249 |
$7,151 |
| Loan Balance at End of Year |
$106,598 |
$105,425 |
$104,167 |
$102,818 |
$101,372 |
| 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 |
$32,055 |
$37,388 |
$42,930 |
$48,692 |
$54,684 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$533 |
$807 |
$1,089 |
$1,379 |
$1,679 |
| Monhtly Cash Flow |
$44 |
$67 |
$91 |
$115 |
$140 |
| Cash on Cash Return on Investment |
0.019% |
0.029% |
0.039% |
0.049% |
0.059% |
| 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 |