Baltimore Deal Analysis
Let's look at deal analysis for Baltimore, MD 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 Baltimore, Maryland Rental Property
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Typical 20% Down Payment Baltimore, Maryland Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$183,675
|
|
Purchase Price
|
|
$183,675
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$36,735
|
|
Closing Costs
|
1.000%
|
$1,837
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$38,572
|
|
Mortgage
|
|
Mortgage Amount
|
|
$146,940
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,730
$2730.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$983
|
|
Property Taxes
|
1.852%
|
$3,402
|
|
Property Insurance
|
0.276%
|
$507
|
|
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%
|
$27,551
|
|
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 |
$189,185 |
$194,861 |
$200,707 |
$206,728 |
$212,930 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,510 |
$5,676 |
$5,846 |
$6,021 |
$6,202 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,730 |
$2,812 |
$2,896 |
$2,983 |
$3,073 |
| 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 |
$2,730 |
$2,812 |
$2,896 |
$2,983 |
$3,073 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$82 |
$84 |
$87 |
$89 |
$92 |
| Monthly Gross Operating Income |
$2,648 |
$2,728 |
$2,809 |
$2,894 |
$2,980 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$32,760 |
$33,743 |
$34,755 |
$35,798 |
$36,872 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$32,760 |
$33,743 |
$34,755 |
$35,798 |
$36,872 |
| Annual Vacancy Dollar |
$983 |
$1,012 |
$1,043 |
$1,074 |
$1,106 |
| Annual Gross Operating Income |
$31,777 |
$32,731 |
$33,712 |
$34,724 |
$35,766 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.852% |
1.852% |
1.852% |
1.852% |
1.852% |
| Property Taxes Dollar |
$3,402 |
$3,504 |
$3,609 |
$3,717 |
$3,829 |
| Insurance Percent |
0.276% |
0.276% |
0.276% |
0.276% |
0.276% |
| Insurance Dollar |
$507 |
$522 |
$538 |
$554 |
$571 |
| 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 |
$3,178 |
$3,273 |
$3,371 |
$3,472 |
$3,577 |
| 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 |
$7,086 |
$7,299 |
$7,518 |
$7,743 |
$7,976 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,691 |
$25,432 |
$26,195 |
$26,980 |
$27,790 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,731 |
$11,731 |
$11,731 |
$11,731 |
$11,731 |
| Principal |
$1,493 |
$1,601 |
$1,716 |
$1,840 |
$1,973 |
| Interest |
$10,239 |
$10,131 |
$10,015 |
$9,891 |
$9,758 |
| Loan Balance at End of Year |
$145,447 |
$143,847 |
$142,130 |
$140,290 |
$138,317 |
| 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 |
$43,738 |
$51,014 |
$58,576 |
$66,438 |
$74,613 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$12,960 |
$13,700 |
$14,463 |
$15,249 |
$16,059 |
| Monhtly Cash Flow |
$1,080 |
$1,142 |
$1,205 |
$1,271 |
$1,338 |
| Cash on Cash Return on Investment |
0.336% |
0.355% |
0.375% |
0.395% |
0.416% |
| 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 |