Flint Deal Analysis
Let's look at deal analysis for Flint, MI 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 Flint, Michigan Rental Property
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Typical 20% Down Payment Flint, Michigan Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$38,748
|
|
Purchase Price
|
|
$38,748
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$7,750
|
|
Closing Costs
|
1.000%
|
$387
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$8,137
|
|
Mortgage
|
|
Mortgage Amount
|
|
$30,998.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$998
$997.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$359
|
|
Property Taxes
|
3.798%
|
$1,472
|
|
Property Insurance
|
0.880%
|
$341
|
|
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%
|
$5,812
|
|
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 |
$39,910 |
$41,108 |
$42,341 |
$43,611 |
$44,920 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$1,162 |
$1,197 |
$1,233 |
$1,270 |
$1,308 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$998 |
$1,027 |
$1,058 |
$1,090 |
$1,123 |
| 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 |
$998 |
$1,027 |
$1,058 |
$1,090 |
$1,123 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$30 |
$31 |
$32 |
$33 |
$34 |
| Monthly Gross Operating Income |
$968 |
$997 |
$1,027 |
$1,057 |
$1,089 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$11,970 |
$12,329 |
$12,699 |
$13,080 |
$13,472 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$11,970 |
$12,329 |
$12,699 |
$13,080 |
$13,472 |
| Annual Vacancy Dollar |
$359 |
$370 |
$381 |
$392 |
$404 |
| Annual Gross Operating Income |
$11,611 |
$11,959 |
$12,318 |
$12,688 |
$13,068 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.798% |
3.798% |
3.798% |
3.798% |
3.798% |
| Property Taxes Dollar |
$1,472 |
$1,516 |
$1,561 |
$1,608 |
$1,656 |
| Insurance Percent |
0.880% |
0.880% |
0.880% |
0.880% |
0.880% |
| Insurance Dollar |
$341 |
$351 |
$362 |
$373 |
$384 |
| 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 |
$1,161 |
$1,196 |
$1,232 |
$1,269 |
$1,307 |
| 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 |
$2,974 |
$3,063 |
$3,155 |
$3,249 |
$3,347 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,637 |
$8,896 |
$9,163 |
$9,438 |
$9,721 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$2,475 |
$2,475 |
$2,475 |
$2,475 |
$2,475 |
| Principal |
$315 |
$338 |
$362 |
$388 |
$416 |
| Interest |
$2,160 |
$2,137 |
$2,113 |
$2,087 |
$2,059 |
| Loan Balance at End of Year |
$30,684 |
$30,346 |
$29,984 |
$29,596 |
$29,180 |
| Loan-To-Value |
76.881% |
73.820% |
70.815% |
67.863% |
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 |
$9,227 |
$10,762 |
$12,357 |
$14,015 |
$15,740 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$6,162 |
$6,422 |
$6,688 |
$6,963 |
$7,246 |
| Monhtly Cash Flow |
$514 |
$535 |
$557 |
$580 |
$604 |
| Cash on Cash Return on Investment |
0.757% |
0.789% |
0.822% |
0.856% |
0.891% |
| 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 |