Wilmington Deal Analysis
Let's look at deal analysis for Wilmington, DE 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 Wilmington, Delaware Rental Property
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Typical 20% Down Payment Wilmington, Delaware Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$266,449
|
|
Purchase Price
|
|
$266,449
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$53,290
|
|
Closing Costs
|
1.000%
|
$2,664
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$14,669
|
|
Total Invested
|
|
$70,623
|
|
Mortgage
|
|
Mortgage Amount
|
|
$213,159.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,759
$1758.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$633
|
|
Property Taxes
|
1.000%
|
$2,664
|
|
Property Insurance
|
0.800%
|
$2,132
|
|
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%
|
$39,967
|
|
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 |
$274,442 |
$282,676 |
$291,156 |
$299,891 |
$308,887 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,993 |
$8,233 |
$8,480 |
$8,735 |
$8,997 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,759 |
$1,812 |
$1,866 |
$1,922 |
$1,979 |
| 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 |
$1,759 |
$1,812 |
$1,866 |
$1,922 |
$1,979 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$53 |
$54 |
$56 |
$58 |
$59 |
| Monthly Gross Operating Income |
$1,706 |
$1,757 |
$1,810 |
$1,864 |
$1,920 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$21,105 |
$21,738 |
$22,390 |
$23,062 |
$23,754 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$21,105 |
$21,738 |
$22,390 |
$23,062 |
$23,754 |
| Annual Vacancy Dollar |
$633 |
$652 |
$672 |
$692 |
$713 |
| Annual Gross Operating Income |
$20,472 |
$21,086 |
$21,719 |
$22,370 |
$23,041 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$2,664 |
$2,744 |
$2,827 |
$2,912 |
$2,999 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$2,132 |
$2,196 |
$2,261 |
$2,329 |
$2,399 |
| 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 |
$2,047 |
$2,109 |
$2,172 |
$2,237 |
$2,304 |
| 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 |
$6,843 |
$7,049 |
$7,260 |
$7,478 |
$7,702 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,629 |
$14,037 |
$14,459 |
$14,892 |
$15,339 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$17,018 |
$17,018 |
$17,018 |
$17,018 |
$17,018 |
| Principal |
$2,165 |
$2,322 |
$2,490 |
$2,670 |
$2,863 |
| Interest |
$14,853 |
$14,696 |
$14,528 |
$14,348 |
$14,155 |
| Loan Balance at End of Year |
$210,994 |
$208,672 |
$206,183 |
$203,513 |
$200,650 |
| 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 |
$63,449 |
$74,004 |
$84,973 |
$96,378 |
$108,237 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,389 |
-$2,980 |
-$2,559 |
-$2,125 |
-$1,679 |
| Monhtly Cash Flow |
-$282 |
-$248 |
-$213 |
-$177 |
-$140 |
| Cash on Cash Return on Investment |
-0.048% |
-0.042% |
-0.036% |
-0.030% |
-0.024% |
| 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 |