Boise Deal Analysis
Let's look at deal analysis for Boise, ID 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 Boise, Idaho Rental Property
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Typical 20% Down Payment Boise, Idaho Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$485,966
|
|
Purchase Price
|
|
$485,966
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$97,193
|
|
Closing Costs
|
1.000%
|
$4,860
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$42,842
|
|
Total Invested
|
|
$144,895
|
|
Mortgage
|
|
Mortgage Amount
|
|
$388,772.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,780
$2780.40
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,001
|
|
Property Taxes
|
0.799%
|
$3,883
|
|
Property Insurance
|
0.404%
|
$1,963
|
|
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%
|
$72,895
|
|
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 |
$500,545 |
$515,561 |
$531,028 |
$546,959 |
$563,368 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$14,579 |
$15,016 |
$15,467 |
$15,931 |
$16,409 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,780 |
$2,864 |
$2,950 |
$3,038 |
$3,129 |
| 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 |
$2,780 |
$2,864 |
$2,950 |
$3,038 |
$3,129 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$83 |
$86 |
$88 |
$91 |
$94 |
| Monthly Gross Operating Income |
$2,697 |
$2,778 |
$2,861 |
$2,947 |
$3,035 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,365 |
$34,366 |
$35,397 |
$36,459 |
$37,552 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,365 |
$34,366 |
$35,397 |
$36,459 |
$37,552 |
| Annual Vacancy Dollar |
$1,001 |
$1,031 |
$1,062 |
$1,094 |
$1,127 |
| Annual Gross Operating Income |
$32,364 |
$33,335 |
$34,335 |
$35,365 |
$36,426 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.799% |
0.799% |
0.799% |
0.799% |
0.799% |
| Property Taxes Dollar |
$3,883 |
$3,999 |
$4,119 |
$4,243 |
$4,370 |
| Insurance Percent |
0.404% |
0.404% |
0.404% |
0.404% |
0.404% |
| Insurance Dollar |
$1,963 |
$2,022 |
$2,083 |
$2,145 |
$2,210 |
| 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 |
$3,236 |
$3,333 |
$3,433 |
$3,536 |
$3,643 |
| 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 |
$9,083 |
$9,355 |
$9,636 |
$9,925 |
$10,222 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$23,281 |
$23,980 |
$24,699 |
$25,440 |
$26,203 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$31,038 |
$31,038 |
$31,038 |
$31,038 |
$31,038 |
| Principal |
$3,949 |
$4,235 |
$4,541 |
$4,869 |
$5,221 |
| Interest |
$27,089 |
$26,803 |
$26,497 |
$26,169 |
$25,817 |
| Loan Balance at End of Year |
$384,824 |
$380,589 |
$376,048 |
$371,179 |
$365,958 |
| 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 |
$115,721 |
$134,973 |
$154,980 |
$175,780 |
$197,410 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,757 |
-$7,059 |
-$6,339 |
-$5,598 |
-$4,835 |
| Monhtly Cash Flow |
-$646 |
-$588 |
-$528 |
-$467 |
-$403 |
| Cash on Cash Return on Investment |
-0.054% |
-0.049% |
-0.044% |
-0.039% |
-0.033% |
| 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 |