Olathe Deal Analysis
Let's look at deal analysis for Olathe, KS 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 Olathe, Kansas Rental Property
|
Typical 20% Down Payment Olathe, Kansas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$333,847
|
|
Purchase Price
|
|
$333,847
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$66,769
|
|
Closing Costs
|
1.000%
|
$3,338
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$115,921
|
|
Total Invested
|
|
$186,028
|
|
Mortgage
|
|
Mortgage Amount
|
|
$267,077.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,189
$2189.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$788
|
|
Property Taxes
|
1.285%
|
$4,290
|
|
Property Insurance
|
2.127%
|
$7,101
|
|
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%
|
$50,077
|
|
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 |
$343,862 |
$354,178 |
$364,804 |
$375,748 |
$387,020 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,015 |
$10,316 |
$10,625 |
$10,944 |
$11,272 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,189 |
$2,255 |
$2,323 |
$2,392 |
$2,464 |
| 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 |
$2,189 |
$2,255 |
$2,323 |
$2,392 |
$2,464 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$66 |
$68 |
$70 |
$72 |
$74 |
| Monthly Gross Operating Income |
$2,124 |
$2,187 |
$2,253 |
$2,320 |
$2,390 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,271 |
$27,059 |
$27,871 |
$28,707 |
$29,568 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,271 |
$27,059 |
$27,871 |
$28,707 |
$29,568 |
| Annual Vacancy Dollar |
$788 |
$812 |
$836 |
$861 |
$887 |
| Annual Gross Operating Income |
$25,483 |
$26,247 |
$27,035 |
$27,846 |
$28,681 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.285% |
1.285% |
1.285% |
1.285% |
1.285% |
| Property Taxes Dollar |
$4,290 |
$4,419 |
$4,551 |
$4,688 |
$4,828 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$7,101 |
$7,314 |
$7,533 |
$7,759 |
$7,992 |
| 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 |
$2,548 |
$2,625 |
$2,703 |
$2,785 |
$2,868 |
| 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 |
$13,939 |
$14,357 |
$14,788 |
$15,232 |
$15,689 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,544 |
$11,890 |
$12,247 |
$12,614 |
$12,993 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$21,322 |
$21,322 |
$21,322 |
$21,322 |
$21,322 |
| Principal |
$2,713 |
$2,909 |
$3,119 |
$3,345 |
$3,587 |
| Interest |
$18,609 |
$18,413 |
$18,203 |
$17,978 |
$17,736 |
| Loan Balance at End of Year |
$264,365 |
$261,456 |
$258,336 |
$254,991 |
$251,405 |
| 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 |
$79,498 |
$92,723 |
$106,467 |
$120,756 |
$135,615 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$9,779 |
-$9,432 |
-$9,076 |
-$8,708 |
-$8,330 |
| Monhtly Cash Flow |
-$815 |
-$786 |
-$756 |
-$726 |
-$694 |
| Cash on Cash Return on Investment |
-0.053% |
-0.051% |
-0.049% |
-0.047% |
-0.045% |
| 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 |