Albany Deal Analysis
Let's look at deal analysis for Albany, NY 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 Albany, New York Rental Property
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Typical 20% Down Payment Albany, New York Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$229,745
|
|
Purchase Price
|
|
$229,745
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$45,949
|
|
Closing Costs
|
1.000%
|
$2,297
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$15,934
|
|
Total Invested
|
|
$64,181
|
|
Mortgage
|
|
Mortgage Amount
|
|
$183,796
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,827
$1827.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$658
|
|
Property Taxes
|
3.023%
|
$6,945
|
|
Property Insurance
|
0.344%
|
$790
|
|
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%
|
$34,462
|
|
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 |
$236,637 |
$243,736 |
$251,049 |
$258,580 |
$266,337 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,892 |
$7,099 |
$7,312 |
$7,531 |
$7,757 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,827 |
$1,882 |
$1,938 |
$1,996 |
$2,056 |
| 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 |
$1,827 |
$1,882 |
$1,938 |
$1,996 |
$2,056 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$55 |
$56 |
$58 |
$60 |
$62 |
| Monthly Gross Operating Income |
$1,772 |
$1,825 |
$1,880 |
$1,937 |
$1,995 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$21,924 |
$22,582 |
$23,259 |
$23,957 |
$24,676 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$21,924 |
$22,582 |
$23,259 |
$23,957 |
$24,676 |
| Annual Vacancy Dollar |
$658 |
$677 |
$698 |
$719 |
$740 |
| Annual Gross Operating Income |
$21,266 |
$21,904 |
$22,561 |
$23,238 |
$23,935 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.023% |
3.023% |
3.023% |
3.023% |
3.023% |
| Property Taxes Dollar |
$6,945 |
$7,154 |
$7,368 |
$7,589 |
$7,817 |
| Insurance Percent |
0.344% |
0.344% |
0.344% |
0.344% |
0.344% |
| Insurance Dollar |
$790 |
$814 |
$838 |
$864 |
$890 |
| 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 |
$2,127 |
$2,190 |
$2,256 |
$2,324 |
$2,394 |
| 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 |
$9,862 |
$10,158 |
$10,463 |
$10,777 |
$11,100 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,404 |
$11,746 |
$12,099 |
$12,462 |
$12,835 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,674 |
$14,674 |
$14,674 |
$14,674 |
$14,674 |
| Principal |
$1,867 |
$2,002 |
$2,147 |
$2,302 |
$2,468 |
| Interest |
$12,807 |
$12,672 |
$12,527 |
$12,372 |
$12,205 |
| Loan Balance at End of Year |
$181,929 |
$179,927 |
$177,780 |
$175,478 |
$173,010 |
| 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 |
$54,708 |
$63,809 |
$73,268 |
$83,102 |
$93,327 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,269 |
-$2,927 |
-$2,575 |
-$2,212 |
-$1,838 |
| Monhtly Cash Flow |
-$272 |
-$244 |
-$215 |
-$184 |
-$153 |
| Cash on Cash Return on Investment |
-0.051% |
-0.046% |
-0.040% |
-0.034% |
-0.029% |
| 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 |