Louisville Deal Analysis
Let's look at deal analysis for Louisville, KY 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 Louisville, Kentucky Rental Property
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Typical 20% Down Payment Louisville, Kentucky Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$206,242
|
|
Purchase Price
|
|
$206,242
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$41,248
|
|
Closing Costs
|
1.000%
|
$2,062
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$8,553
|
|
Total Invested
|
|
$51,864
|
|
Mortgage
|
|
Mortgage Amount
|
|
$164,993.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,444
$1443.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$520
|
|
Property Taxes
|
0.983%
|
$2,027
|
|
Property Insurance
|
1.069%
|
$2,205
|
|
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%
|
$30,936
|
|
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 |
$212,429 |
$218,802 |
$225,366 |
$232,127 |
$239,091 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,187 |
$6,373 |
$6,564 |
$6,761 |
$6,964 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,444 |
$1,487 |
$1,532 |
$1,578 |
$1,625 |
| 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 |
$1,444 |
$1,487 |
$1,532 |
$1,578 |
$1,625 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$43 |
$45 |
$46 |
$47 |
$49 |
| Monthly Gross Operating Income |
$1,400 |
$1,442 |
$1,486 |
$1,530 |
$1,576 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$17,325 |
$17,845 |
$18,380 |
$18,931 |
$19,499 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$17,325 |
$17,845 |
$18,380 |
$18,931 |
$19,499 |
| Annual Vacancy Dollar |
$520 |
$535 |
$551 |
$568 |
$585 |
| Annual Gross Operating Income |
$16,805 |
$17,309 |
$17,829 |
$18,364 |
$18,914 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.983% |
0.983% |
0.983% |
0.983% |
0.983% |
| Property Taxes Dollar |
$2,027 |
$2,088 |
$2,151 |
$2,215 |
$2,282 |
| Insurance Percent |
1.069% |
1.069% |
1.069% |
1.069% |
1.069% |
| Insurance Dollar |
$2,205 |
$2,271 |
$2,339 |
$2,409 |
$2,481 |
| 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 |
$1,681 |
$1,731 |
$1,783 |
$1,836 |
$1,891 |
| 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 |
$5,913 |
$6,090 |
$6,273 |
$6,461 |
$6,655 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$10,893 |
$11,219 |
$11,556 |
$11,903 |
$12,260 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,173 |
$13,173 |
$13,173 |
$13,173 |
$13,173 |
| Principal |
$1,676 |
$1,797 |
$1,927 |
$2,066 |
$2,216 |
| Interest |
$11,496 |
$11,375 |
$11,245 |
$11,106 |
$10,957 |
| Loan Balance at End of Year |
$163,318 |
$161,520 |
$159,593 |
$157,527 |
$155,311 |
| 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 |
$49,112 |
$57,282 |
$65,773 |
$74,600 |
$83,780 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$2,280 |
-$1,953 |
-$1,617 |
-$1,270 |
-$913 |
| Monhtly Cash Flow |
-$190 |
-$163 |
-$135 |
-$106 |
-$76 |
| Cash on Cash Return on Investment |
-0.044% |
-0.038% |
-0.031% |
-0.024% |
-0.018% |
| 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 |