Wichita Deal Analysis
Let's look at deal analysis for Wichita, 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 Wichita, Kansas Rental Property
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Typical 20% Down Payment Wichita, Kansas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$158,360
|
|
Purchase Price
|
|
$158,360
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$31,672
|
|
Closing Costs
|
1.000%
|
$1,584
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$28,348
|
|
Total Invested
|
|
$61,603
|
|
Mortgage
|
|
Mortgage Amount
|
|
$126,688
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,155
$1155.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$416
|
|
Property Taxes
|
1.335%
|
$2,114
|
|
Property Insurance
|
2.127%
|
$3,368
|
|
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%
|
$23,754
|
|
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 |
$163,111 |
$168,004 |
$173,044 |
$178,236 |
$183,583 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,751 |
$4,893 |
$5,040 |
$5,191 |
$5,347 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,155 |
$1,190 |
$1,225 |
$1,262 |
$1,300 |
| 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 |
$1,155 |
$1,190 |
$1,225 |
$1,262 |
$1,300 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$35 |
$36 |
$37 |
$38 |
$39 |
| Monthly Gross Operating Income |
$1,120 |
$1,154 |
$1,189 |
$1,224 |
$1,261 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$13,860 |
$14,276 |
$14,704 |
$15,145 |
$15,600 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$13,860 |
$14,276 |
$14,704 |
$15,145 |
$15,600 |
| Annual Vacancy Dollar |
$416 |
$428 |
$441 |
$454 |
$468 |
| Annual Gross Operating Income |
$13,444 |
$13,848 |
$14,263 |
$14,691 |
$15,132 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.335% |
1.335% |
1.335% |
1.335% |
1.335% |
| Property Taxes Dollar |
$2,114 |
$2,178 |
$2,243 |
$2,310 |
$2,379 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$3,368 |
$3,469 |
$3,573 |
$3,681 |
$3,791 |
| 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 |
$1,344 |
$1,385 |
$1,426 |
$1,469 |
$1,513 |
| 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 |
$6,827 |
$7,032 |
$7,243 |
$7,460 |
$7,684 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$6,617 |
$6,816 |
$7,020 |
$7,231 |
$7,448 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,114 |
$10,114 |
$10,114 |
$10,114 |
$10,114 |
| Principal |
$1,287 |
$1,380 |
$1,480 |
$1,587 |
$1,701 |
| Interest |
$8,827 |
$8,734 |
$8,635 |
$8,528 |
$8,413 |
| Loan Balance at End of Year |
$125,401 |
$124,021 |
$122,541 |
$120,955 |
$119,253 |
| 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 |
$37,710 |
$43,983 |
$50,503 |
$57,281 |
$64,329 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,497 |
-$3,298 |
-$3,094 |
-$2,883 |
-$2,666 |
| Monhtly Cash Flow |
-$291 |
-$275 |
-$258 |
-$240 |
-$222 |
| Cash on Cash Return on Investment |
-0.057% |
-0.054% |
-0.050% |
-0.047% |
-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 |