Chesapeake Deal Analysis
Let's look at deal analysis for Chesapeake, VA 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 Chesapeake, Virginia Rental Property
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Typical 20% Down Payment Chesapeake, Virginia Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$334,135
|
|
Purchase Price
|
|
$334,135
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$66,827
|
|
Closing Costs
|
1.000%
|
$3,341
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$70,168
|
|
Mortgage
|
|
Mortgage Amount
|
|
$267,308
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,783
$2782.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,002
|
|
Property Taxes
|
0.968%
|
$3,234
|
|
Property Insurance
|
0.367%
|
$1,226
|
|
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%
|
$50,120
|
|
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 |
$344,159 |
$354,484 |
$365,118 |
$376,072 |
$387,354 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,024 |
$10,325 |
$10,635 |
$10,954 |
$11,282 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,783 |
$2,866 |
$2,952 |
$3,041 |
$3,132 |
| 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 |
$2,783 |
$2,866 |
$2,952 |
$3,041 |
$3,132 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$83 |
$86 |
$89 |
$91 |
$94 |
| Monthly Gross Operating Income |
$2,699 |
$2,780 |
$2,863 |
$2,949 |
$3,038 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,390 |
$34,392 |
$35,423 |
$36,486 |
$37,581 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,390 |
$34,392 |
$35,423 |
$36,486 |
$37,581 |
| Annual Vacancy Dollar |
$1,002 |
$1,032 |
$1,063 |
$1,095 |
$1,127 |
| Annual Gross Operating Income |
$32,388 |
$33,360 |
$34,361 |
$35,392 |
$36,453 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.968% |
0.968% |
0.968% |
0.968% |
0.968% |
| Property Taxes Dollar |
$3,234 |
$3,331 |
$3,431 |
$3,534 |
$3,640 |
| Insurance Percent |
0.367% |
0.367% |
0.367% |
0.367% |
0.367% |
| Insurance Dollar |
$1,226 |
$1,263 |
$1,301 |
$1,340 |
$1,380 |
| 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 |
$3,239 |
$3,336 |
$3,436 |
$3,539 |
$3,645 |
| 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 |
$7,700 |
$7,931 |
$8,168 |
$8,413 |
$8,666 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,689 |
$25,429 |
$26,192 |
$26,978 |
$27,787 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$21,341 |
$21,341 |
$21,341 |
$21,341 |
$21,341 |
| Principal |
$2,715 |
$2,912 |
$3,122 |
$3,348 |
$3,590 |
| Interest |
$18,626 |
$18,429 |
$18,219 |
$17,993 |
$17,751 |
| Loan Balance at End of Year |
$264,593 |
$261,681 |
$258,559 |
$255,211 |
$251,621 |
| 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 |
$79,566 |
$92,803 |
$106,560 |
$120,861 |
$135,733 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$3,348 |
$4,089 |
$4,851 |
$5,637 |
$6,447 |
| Monhtly Cash Flow |
$279 |
$341 |
$404 |
$470 |
$537 |
| Cash on Cash Return on Investment |
0.048% |
0.058% |
0.069% |
0.080% |
0.092% |
| 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 |