Davenport Deal Analysis
Let's look at deal analysis for Davenport, IA 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 Davenport, Iowa Rental Property
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Typical 20% Down Payment Davenport, Iowa Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$147,939
|
|
Purchase Price
|
|
$147,939
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$29,588
|
|
Closing Costs
|
1.000%
|
$1,479
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$752
|
|
Total Invested
|
|
$31,819
|
|
Mortgage
|
|
Mortgage Amount
|
|
$118,351.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,286
$1286.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$463
|
|
Property Taxes
|
1.926%
|
$2,849
|
|
Property Insurance
|
1.155%
|
$1,709
|
|
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%
|
$22,191
|
|
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 |
$152,377 |
$156,948 |
$161,657 |
$166,507 |
$171,502 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,438 |
$4,571 |
$4,708 |
$4,850 |
$4,995 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,286 |
$1,325 |
$1,365 |
$1,406 |
$1,448 |
| 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 |
$1,286 |
$1,325 |
$1,365 |
$1,406 |
$1,448 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$39 |
$40 |
$41 |
$42 |
$43 |
| Monthly Gross Operating Income |
$1,248 |
$1,285 |
$1,324 |
$1,363 |
$1,404 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$15,435 |
$15,898 |
$16,375 |
$16,866 |
$17,372 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$15,435 |
$15,898 |
$16,375 |
$16,866 |
$17,372 |
| Annual Vacancy Dollar |
$463 |
$477 |
$491 |
$506 |
$521 |
| Annual Gross Operating Income |
$14,972 |
$15,421 |
$15,884 |
$16,360 |
$16,851 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.926% |
1.926% |
1.926% |
1.926% |
1.926% |
| Property Taxes Dollar |
$2,849 |
$2,935 |
$3,023 |
$3,114 |
$3,207 |
| Insurance Percent |
1.155% |
1.155% |
1.155% |
1.155% |
1.155% |
| Insurance Dollar |
$1,709 |
$1,760 |
$1,813 |
$1,867 |
$1,923 |
| 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 |
$1,497 |
$1,542 |
$1,588 |
$1,636 |
$1,685 |
| 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 |
$6,055 |
$6,237 |
$6,424 |
$6,617 |
$6,815 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,917 |
$9,184 |
$9,460 |
$9,744 |
$10,036 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$9,449 |
$9,449 |
$9,449 |
$9,449 |
$9,449 |
| Principal |
$1,202 |
$1,289 |
$1,382 |
$1,482 |
$1,589 |
| Interest |
$8,247 |
$8,160 |
$8,066 |
$7,966 |
$7,859 |
| Loan Balance at End of Year |
$117,149 |
$115,860 |
$114,478 |
$112,995 |
$111,406 |
| 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 |
$35,228 |
$41,089 |
$47,179 |
$53,511 |
$60,096 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$532 |
-$264 |
$11 |
$295 |
$587 |
| Monhtly Cash Flow |
-$44 |
-$22 |
$1 |
$25 |
$49 |
| Cash on Cash Return on Investment |
-0.017% |
-0.008% |
0.000% |
0.009% |
0.018% |
| 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 |