Salt Lake City Deal Analysis
Let's look at deal analysis for Salt Lake City, UT 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 Salt Lake City, Utah Rental Property
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Typical 20% Down Payment Salt Lake City, Utah Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$587,661
|
|
Purchase Price
|
|
$587,661
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$117,532
|
|
Closing Costs
|
1.000%
|
$5,877
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$174,145
|
|
Total Invested
|
|
$297,554
|
|
Mortgage
|
|
Mortgage Amount
|
|
$470,128.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,567
$2567.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$924
|
|
Property Taxes
|
0.674%
|
$3,961
|
|
Property Insurance
|
0.260%
|
$1,528
|
|
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%
|
$88,149
|
|
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 |
$605,291 |
$623,450 |
$642,153 |
$661,418 |
$681,260 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$17,630 |
$18,159 |
$18,703 |
$19,265 |
$19,843 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,567 |
$2,644 |
$2,724 |
$2,805 |
$2,889 |
| 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 |
$2,567 |
$2,644 |
$2,724 |
$2,805 |
$2,889 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$77 |
$79 |
$82 |
$84 |
$87 |
| Monthly Gross Operating Income |
$2,490 |
$2,565 |
$2,642 |
$2,721 |
$2,803 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,807 |
$31,731 |
$32,683 |
$33,664 |
$34,674 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,807 |
$31,731 |
$32,683 |
$33,664 |
$34,674 |
| Annual Vacancy Dollar |
$924 |
$952 |
$980 |
$1,010 |
$1,040 |
| Annual Gross Operating Income |
$29,883 |
$30,779 |
$31,703 |
$32,654 |
$33,633 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.674% |
0.674% |
0.674% |
0.674% |
0.674% |
| Property Taxes Dollar |
$3,961 |
$4,080 |
$4,202 |
$4,328 |
$4,458 |
| Insurance Percent |
0.260% |
0.260% |
0.260% |
0.260% |
0.260% |
| Insurance Dollar |
$1,528 |
$1,574 |
$1,621 |
$1,670 |
$1,720 |
| 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 |
$2,988 |
$3,078 |
$3,170 |
$3,265 |
$3,363 |
| 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 |
$8,477 |
$8,731 |
$8,993 |
$9,263 |
$9,541 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$21,406 |
$22,048 |
$22,709 |
$23,391 |
$24,092 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$37,533 |
$37,533 |
$37,533 |
$37,533 |
$37,533 |
| Principal |
$4,776 |
$5,121 |
$5,491 |
$5,888 |
$6,314 |
| Interest |
$32,758 |
$32,412 |
$32,042 |
$31,645 |
$31,220 |
| Loan Balance at End of Year |
$465,353 |
$460,232 |
$454,741 |
$448,853 |
$442,540 |
| 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 |
$139,938 |
$163,217 |
$187,412 |
$212,564 |
$238,721 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$16,128 |
-$15,485 |
-$14,824 |
-$14,143 |
-$13,441 |
| Monhtly Cash Flow |
-$1,344 |
-$1,290 |
-$1,235 |
-$1,179 |
-$1,120 |
| Cash on Cash Return on Investment |
-0.054% |
-0.052% |
-0.050% |
-0.048% |
-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 |