Portsmouth Deal Analysis
Let's look at deal analysis for Portsmouth, 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 Portsmouth, Virginia Rental Property
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Typical 20% Down Payment Portsmouth, Virginia Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$205,261
|
|
Purchase Price
|
|
$205,261
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$41,052
|
|
Closing Costs
|
1.000%
|
$2,053
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$43,105
|
|
Mortgage
|
|
Mortgage Amount
|
|
$164,208.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,817
$1816.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$654
|
|
Property Taxes
|
1.249%
|
$2,564
|
|
Property Insurance
|
0.367%
|
$753
|
|
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%
|
$30,789
|
|
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 |
$211,419 |
$217,761 |
$224,294 |
$231,023 |
$237,954 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,158 |
$6,343 |
$6,533 |
$6,729 |
$6,931 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,817 |
$1,871 |
$1,927 |
$1,985 |
$2,044 |
| 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 |
$1,817 |
$1,871 |
$1,927 |
$1,985 |
$2,044 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$54 |
$56 |
$58 |
$60 |
$61 |
| Monthly Gross Operating Income |
$1,762 |
$1,815 |
$1,869 |
$1,925 |
$1,983 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$21,798 |
$22,452 |
$23,125 |
$23,819 |
$24,534 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$21,798 |
$22,452 |
$23,125 |
$23,819 |
$24,534 |
| Annual Vacancy Dollar |
$654 |
$674 |
$694 |
$715 |
$736 |
| Annual Gross Operating Income |
$21,144 |
$21,778 |
$22,432 |
$23,105 |
$23,798 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.249% |
1.249% |
1.249% |
1.249% |
1.249% |
| Property Taxes Dollar |
$2,564 |
$2,641 |
$2,720 |
$2,801 |
$2,885 |
| Insurance Percent |
0.367% |
0.367% |
0.367% |
0.367% |
0.367% |
| Insurance Dollar |
$753 |
$776 |
$799 |
$823 |
$848 |
| 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 |
$2,114 |
$2,178 |
$2,243 |
$2,310 |
$2,380 |
| 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 |
$5,431 |
$5,594 |
$5,762 |
$5,935 |
$6,113 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,713 |
$16,184 |
$16,670 |
$17,170 |
$17,685 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,110 |
$13,110 |
$13,110 |
$13,110 |
$13,110 |
| Principal |
$1,668 |
$1,789 |
$1,918 |
$2,057 |
$2,205 |
| Interest |
$11,442 |
$11,321 |
$11,192 |
$11,053 |
$10,905 |
| Loan Balance at End of Year |
$162,541 |
$160,752 |
$158,834 |
$156,777 |
$154,572 |
| 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 |
$48,878 |
$57,009 |
$65,460 |
$74,246 |
$83,382 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$2,603 |
$3,074 |
$3,560 |
$4,060 |
$4,575 |
| Monhtly Cash Flow |
$217 |
$256 |
$297 |
$338 |
$381 |
| Cash on Cash Return on Investment |
0.060% |
0.071% |
0.083% |
0.094% |
0.106% |
| 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 |