Norfolk Deal Analysis
Let's look at deal analysis for Norfolk, 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 Norfolk, Virginia Rental Property
|
Typical 20% Down Payment Norfolk, Virginia Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$242,426
|
|
Purchase Price
|
|
$242,426
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$48,485
|
|
Closing Costs
|
1.000%
|
$2,424
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$50,909
|
|
Mortgage
|
|
Mortgage Amount
|
|
$193,940.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,100
$2100.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$756
|
|
Property Taxes
|
1.109%
|
$2,689
|
|
Property Insurance
|
0.367%
|
$890
|
|
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%
|
$36,364
|
|
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 |
$249,699 |
$257,190 |
$264,905 |
$272,853 |
$281,038 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,273 |
$7,491 |
$7,716 |
$7,947 |
$8,186 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,100 |
$2,163 |
$2,228 |
$2,295 |
$2,364 |
| 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 |
$2,100 |
$2,163 |
$2,228 |
$2,295 |
$2,364 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$63 |
$65 |
$67 |
$69 |
$71 |
| Monthly Gross Operating Income |
$2,037 |
$2,098 |
$2,161 |
$2,226 |
$2,293 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,200 |
$25,956 |
$26,735 |
$27,537 |
$28,363 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,200 |
$25,956 |
$26,735 |
$27,537 |
$28,363 |
| Annual Vacancy Dollar |
$756 |
$779 |
$802 |
$826 |
$851 |
| Annual Gross Operating Income |
$24,444 |
$25,177 |
$25,933 |
$26,711 |
$27,512 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.109% |
1.109% |
1.109% |
1.109% |
1.109% |
| Property Taxes Dollar |
$2,689 |
$2,769 |
$2,852 |
$2,938 |
$3,026 |
| Insurance Percent |
0.367% |
0.367% |
0.367% |
0.367% |
0.367% |
| Insurance Dollar |
$890 |
$916 |
$944 |
$972 |
$1,001 |
| 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 |
$2,444 |
$2,518 |
$2,593 |
$2,671 |
$2,751 |
| 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 |
$6,023 |
$6,203 |
$6,389 |
$6,581 |
$6,778 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,421 |
$18,974 |
$19,543 |
$20,130 |
$20,733 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,483 |
$15,483 |
$15,483 |
$15,483 |
$15,483 |
| Principal |
$1,970 |
$2,112 |
$2,265 |
$2,429 |
$2,604 |
| Interest |
$13,513 |
$13,371 |
$13,218 |
$13,055 |
$12,879 |
| Loan Balance at End of Year |
$191,971 |
$189,858 |
$187,593 |
$185,164 |
$182,560 |
| 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 |
$57,728 |
$67,331 |
$77,312 |
$87,688 |
$98,478 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$2,938 |
$3,491 |
$4,060 |
$4,646 |
$5,250 |
| Monhtly Cash Flow |
$245 |
$291 |
$338 |
$387 |
$437 |
| Cash on Cash Return on Investment |
0.058% |
0.069% |
0.080% |
0.091% |
0.103% |
| 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 |