Virginia Beach Deal Analysis
Let's look at deal analysis for Virginia Beach, 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 Virginia Beach, Virginia Rental Property
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Typical 20% Down Payment Virginia Beach, Virginia Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$338,191
|
|
Purchase Price
|
|
$338,191
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$67,638
|
|
Closing Costs
|
1.000%
|
$3,382
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$71,020
|
|
Mortgage
|
|
Mortgage Amount
|
|
$270,552.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,353
$3352.65
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,207
|
|
Property Taxes
|
0.865%
|
$2,925
|
|
Property Insurance
|
0.367%
|
$1,241
|
|
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%
|
$50,729
|
|
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 |
$348,337 |
$358,787 |
$369,550 |
$380,637 |
$392,056 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,146 |
$10,450 |
$10,764 |
$11,087 |
$11,419 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,353 |
$3,453 |
$3,557 |
$3,664 |
$3,773 |
| 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 |
$3,353 |
$3,453 |
$3,557 |
$3,664 |
$3,773 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$101 |
$104 |
$107 |
$110 |
$113 |
| Monthly Gross Operating Income |
$3,252 |
$3,350 |
$3,450 |
$3,554 |
$3,660 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$40,232 |
$41,439 |
$42,682 |
$43,962 |
$45,281 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$40,232 |
$41,439 |
$42,682 |
$43,962 |
$45,281 |
| Annual Vacancy Dollar |
$1,207 |
$1,243 |
$1,280 |
$1,319 |
$1,358 |
| Annual Gross Operating Income |
$39,025 |
$40,196 |
$41,401 |
$42,644 |
$43,923 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.865% |
0.865% |
0.865% |
0.865% |
0.865% |
| Property Taxes Dollar |
$2,925 |
$3,013 |
$3,104 |
$3,197 |
$3,293 |
| Insurance Percent |
0.367% |
0.367% |
0.367% |
0.367% |
0.367% |
| Insurance Dollar |
$1,241 |
$1,278 |
$1,317 |
$1,356 |
$1,397 |
| 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 |
$3,902 |
$4,020 |
$4,140 |
$4,264 |
$4,392 |
| 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 |
$8,069 |
$8,311 |
$8,560 |
$8,817 |
$9,082 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$30,956 |
$31,885 |
$32,841 |
$33,826 |
$34,841 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$21,600 |
$21,600 |
$21,600 |
$21,600 |
$21,600 |
| Principal |
$2,748 |
$2,947 |
$3,160 |
$3,388 |
$3,633 |
| Interest |
$18,852 |
$18,653 |
$18,440 |
$18,211 |
$17,967 |
| Loan Balance at End of Year |
$267,805 |
$264,858 |
$261,698 |
$258,309 |
$254,676 |
| 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 |
$80,532 |
$93,929 |
$107,853 |
$122,328 |
$137,380 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$9,356 |
$10,285 |
$11,241 |
$12,226 |
$13,241 |
| Monhtly Cash Flow |
$780 |
$857 |
$937 |
$1,019 |
$1,103 |
| Cash on Cash Return on Investment |
0.132% |
0.145% |
0.158% |
0.172% |
0.186% |
| 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 |