Rockford Deal Analysis
Let's look at deal analysis for Rockford, IL 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 Rockford, Illinois Rental Property
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Typical 20% Down Payment Rockford, Illinois Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$116,322
|
|
Purchase Price
|
|
$116,322
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$23,264
|
|
Closing Costs
|
1.000%
|
$1,163
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$24,428
|
|
Mortgage
|
|
Mortgage Amount
|
|
$93,057.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,260
$1260.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$454
|
|
Property Taxes
|
3.569%
|
$4,152
|
|
Property Insurance
|
0.786%
|
$914
|
|
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%
|
$17,448
|
|
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 |
$119,812 |
$123,406 |
$127,108 |
$130,921 |
$134,849 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$3,490 |
$3,594 |
$3,702 |
$3,813 |
$3,928 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,260 |
$1,298 |
$1,337 |
$1,377 |
$1,418 |
| 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 |
$1,260 |
$1,298 |
$1,337 |
$1,377 |
$1,418 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$38 |
$39 |
$40 |
$41 |
$43 |
| Monthly Gross Operating Income |
$1,222 |
$1,259 |
$1,297 |
$1,336 |
$1,376 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$15,120 |
$15,574 |
$16,041 |
$16,522 |
$17,018 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$15,120 |
$15,574 |
$16,041 |
$16,522 |
$17,018 |
| Annual Vacancy Dollar |
$454 |
$467 |
$481 |
$496 |
$511 |
| Annual Gross Operating Income |
$14,666 |
$15,106 |
$15,560 |
$16,026 |
$16,507 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.569% |
3.569% |
3.569% |
3.569% |
3.569% |
| Property Taxes Dollar |
$4,152 |
$4,276 |
$4,404 |
$4,536 |
$4,673 |
| Insurance Percent |
0.786% |
0.786% |
0.786% |
0.786% |
0.786% |
| Insurance Dollar |
$914 |
$942 |
$970 |
$999 |
$1,029 |
| 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 |
$1,467 |
$1,511 |
$1,556 |
$1,603 |
$1,651 |
| 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 |
$6,532 |
$6,728 |
$6,930 |
$7,138 |
$7,352 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,134 |
$8,378 |
$8,629 |
$8,888 |
$9,155 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$7,429 |
$7,429 |
$7,429 |
$7,429 |
$7,429 |
| Principal |
$945 |
$1,014 |
$1,087 |
$1,165 |
$1,250 |
| Interest |
$6,484 |
$6,416 |
$6,342 |
$6,264 |
$6,180 |
| Loan Balance at End of Year |
$92,112 |
$91,099 |
$90,012 |
$88,847 |
$87,597 |
| Loan-To-Value |
76.881% |
73.820% |
70.815% |
67.863% |
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 |
$27,699 |
$32,307 |
$37,096 |
$42,075 |
$47,252 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$705 |
$949 |
$1,200 |
$1,459 |
$1,725 |
| Monhtly Cash Flow |
$59 |
$79 |
$100 |
$122 |
$144 |
| Cash on Cash Return on Investment |
0.029% |
0.039% |
0.049% |
0.060% |
0.071% |
| 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 |