Evansville Deal Analysis
Let's look at deal analysis for Evansville, IN 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 Evansville, Indiana Rental Property
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Typical 20% Down Payment Evansville, Indiana Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$156,687
|
|
Purchase Price
|
|
$156,687
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$31,337
|
|
Closing Costs
|
1.000%
|
$1,567
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$70,103
|
|
Total Invested
|
|
$103,007
|
|
Mortgage
|
|
Mortgage Amount
|
|
$125,349.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$782
$782.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$282
|
|
Property Taxes
|
0.962%
|
$1,507
|
|
Property Insurance
|
1.123%
|
$1,760
|
|
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%
|
$23,503
|
|
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 |
$161,388 |
$166,229 |
$171,216 |
$176,353 |
$181,643 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,701 |
$4,842 |
$4,987 |
$5,136 |
$5,291 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$782 |
$806 |
$830 |
$855 |
$880 |
| 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 |
$782 |
$806 |
$830 |
$855 |
$880 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$23 |
$24 |
$25 |
$26 |
$26 |
| Monthly Gross Operating Income |
$759 |
$782 |
$805 |
$829 |
$854 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$9,387 |
$9,669 |
$9,959 |
$10,257 |
$10,565 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$9,387 |
$9,669 |
$9,959 |
$10,257 |
$10,565 |
| Annual Vacancy Dollar |
$282 |
$290 |
$299 |
$308 |
$317 |
| Annual Gross Operating Income |
$9,105 |
$9,379 |
$9,660 |
$9,950 |
$10,248 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.962% |
0.962% |
0.962% |
0.962% |
0.962% |
| Property Taxes Dollar |
$1,507 |
$1,553 |
$1,599 |
$1,647 |
$1,697 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$1,760 |
$1,812 |
$1,867 |
$1,923 |
$1,980 |
| 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 |
$911 |
$938 |
$966 |
$995 |
$1,025 |
| 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 |
$4,177 |
$4,303 |
$4,432 |
$4,565 |
$4,702 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$4,928 |
$5,076 |
$5,228 |
$5,385 |
$5,546 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,007 |
$10,007 |
$10,007 |
$10,007 |
$10,007 |
| Principal |
$1,273 |
$1,365 |
$1,464 |
$1,570 |
$1,683 |
| Interest |
$8,734 |
$8,642 |
$8,543 |
$8,438 |
$8,324 |
| Loan Balance at End of Year |
$124,076 |
$122,711 |
$121,247 |
$119,677 |
$117,994 |
| 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 |
$37,311 |
$43,518 |
$49,969 |
$56,675 |
$63,649 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,079 |
-$4,932 |
-$4,779 |
-$4,623 |
-$4,461 |
| Monhtly Cash Flow |
-$423 |
-$411 |
-$398 |
-$385 |
-$372 |
| Cash on Cash Return on Investment |
-0.049% |
-0.048% |
-0.046% |
-0.045% |
-0.043% |
| 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 |