Topeka Deal Analysis
Let's look at deal analysis for Topeka, 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 Topeka, Kansas Rental Property
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Typical 20% Down Payment Topeka, Kansas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$143,992
|
|
Purchase Price
|
|
$143,992
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$28,798
|
|
Closing Costs
|
1.000%
|
$1,440
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$6,567
|
|
Total Invested
|
|
$36,805
|
|
Mortgage
|
|
Mortgage Amount
|
|
$115,193.60
|
|
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
|
1.813%
|
$2,611
|
|
Property Insurance
|
2.127%
|
$3,063
|
|
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%
|
$21,599
|
|
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 |
$148,312 |
$152,761 |
$157,344 |
$162,064 |
$166,926 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,320 |
$4,449 |
$4,583 |
$4,720 |
$4,862 |
| 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 |
1.813% |
1.813% |
1.813% |
1.813% |
1.813% |
| Property Taxes Dollar |
$2,611 |
$2,689 |
$2,770 |
$2,853 |
$2,938 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$3,063 |
$3,155 |
$3,249 |
$3,347 |
$3,447 |
| 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 |
$7,140 |
$7,354 |
$7,575 |
$7,802 |
$8,036 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$7,526 |
$7,752 |
$7,985 |
$8,224 |
$8,471 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$9,197 |
$9,197 |
$9,197 |
$9,197 |
$9,197 |
| Principal |
$1,170 |
$1,255 |
$1,346 |
$1,443 |
$1,547 |
| Interest |
$8,026 |
$7,942 |
$7,851 |
$7,754 |
$7,650 |
| Loan Balance at End of Year |
$114,023 |
$112,769 |
$111,423 |
$109,980 |
$108,433 |
| 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 |
$34,288 |
$39,993 |
$45,921 |
$52,084 |
$58,493 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,670 |
-$1,444 |
-$1,212 |
-$972 |
-$726 |
| Monhtly Cash Flow |
-$139 |
-$120 |
-$101 |
-$81 |
-$60 |
| Cash on Cash Return on Investment |
-0.045% |
-0.039% |
-0.033% |
-0.026% |
-0.020% |
| 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 |