Athens Deal Analysis
Let's look at deal analysis for Athens, GA 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 Athens, Georgia Rental Property
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Typical 20% Down Payment Athens, Georgia Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$274,416
|
|
Purchase Price
|
|
$274,416
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$54,883
|
|
Closing Costs
|
1.000%
|
$2,744
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$57,627
|
|
Mortgage
|
|
Mortgage Amount
|
|
$219,532.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,258
$2257.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$813
|
|
Property Taxes
|
1.053%
|
$2,890
|
|
Property Insurance
|
0.878%
|
$2,409
|
|
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%
|
$41,162
|
|
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 |
$282,648 |
$291,128 |
$299,862 |
$308,858 |
$318,123 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,232 |
$8,479 |
$8,734 |
$8,996 |
$9,266 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,258 |
$2,325 |
$2,395 |
$2,467 |
$2,541 |
| 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 |
$2,258 |
$2,325 |
$2,395 |
$2,467 |
$2,541 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$68 |
$70 |
$72 |
$74 |
$76 |
| Monthly Gross Operating Income |
$2,190 |
$2,255 |
$2,323 |
$2,393 |
$2,465 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$27,090 |
$27,903 |
$28,740 |
$29,602 |
$30,490 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$27,090 |
$27,903 |
$28,740 |
$29,602 |
$30,490 |
| Annual Vacancy Dollar |
$813 |
$837 |
$862 |
$888 |
$915 |
| Annual Gross Operating Income |
$26,277 |
$27,066 |
$27,878 |
$28,714 |
$29,575 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.053% |
1.053% |
1.053% |
1.053% |
1.053% |
| Property Taxes Dollar |
$2,890 |
$2,976 |
$3,066 |
$3,158 |
$3,252 |
| Insurance Percent |
0.878% |
0.878% |
0.878% |
0.878% |
0.878% |
| Insurance Dollar |
$2,409 |
$2,482 |
$2,556 |
$2,633 |
$2,712 |
| 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 |
$2,628 |
$2,707 |
$2,788 |
$2,871 |
$2,958 |
| 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 |
$7,927 |
$8,165 |
$8,409 |
$8,662 |
$8,922 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,351 |
$18,901 |
$19,468 |
$20,052 |
$20,654 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$17,527 |
$17,527 |
$17,527 |
$17,527 |
$17,527 |
| Principal |
$2,230 |
$2,391 |
$2,564 |
$2,750 |
$2,948 |
| Interest |
$15,297 |
$15,135 |
$14,963 |
$14,777 |
$14,578 |
| Loan Balance at End of Year |
$217,303 |
$214,911 |
$212,347 |
$209,598 |
$206,650 |
| 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 |
$65,346 |
$76,216 |
$87,514 |
$99,260 |
$111,474 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$824 |
$1,374 |
$1,941 |
$2,525 |
$3,127 |
| Monhtly Cash Flow |
$69 |
$115 |
$162 |
$210 |
$261 |
| Cash on Cash Return on Investment |
0.014% |
0.024% |
0.034% |
0.044% |
0.054% |
| 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 |