Toledo Deal Analysis
Let's look at deal analysis for Toledo, OH 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 Toledo, Ohio Rental Property
|
Typical 20% Down Payment Toledo, Ohio Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$94,403
|
|
Purchase Price
|
|
$94,403
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$18,881
|
|
Closing Costs
|
1.000%
|
$944
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$19,825
|
|
Mortgage
|
|
Mortgage Amount
|
|
$75,522.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$893
$892.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$321
|
|
Property Taxes
|
2.181%
|
$2,059
|
|
Property Insurance
|
0.693%
|
$654
|
|
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%
|
$14,160
|
|
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 |
$97,235 |
$100,152 |
$103,157 |
$106,251 |
$109,439 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$2,832 |
$2,917 |
$3,005 |
$3,095 |
$3,188 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$893 |
$919 |
$947 |
$975 |
$1,005 |
| 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 |
$893 |
$919 |
$947 |
$975 |
$1,005 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$27 |
$28 |
$28 |
$29 |
$30 |
| Monthly Gross Operating Income |
$866 |
$892 |
$918 |
$946 |
$974 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$10,710 |
$11,031 |
$11,362 |
$11,703 |
$12,054 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$10,710 |
$11,031 |
$11,362 |
$11,703 |
$12,054 |
| Annual Vacancy Dollar |
$321 |
$331 |
$341 |
$351 |
$362 |
| Annual Gross Operating Income |
$10,389 |
$10,700 |
$11,021 |
$11,352 |
$11,693 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.181% |
2.181% |
2.181% |
2.181% |
2.181% |
| Property Taxes Dollar |
$2,059 |
$2,121 |
$2,184 |
$2,250 |
$2,317 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$654 |
$674 |
$694 |
$715 |
$736 |
| 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 |
$1,039 |
$1,070 |
$1,102 |
$1,135 |
$1,169 |
| 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 |
$3,752 |
$3,865 |
$3,981 |
$4,100 |
$4,223 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$6,637 |
$6,836 |
$7,041 |
$7,252 |
$7,470 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$6,029 |
$6,029 |
$6,029 |
$6,029 |
$6,029 |
| Principal |
$767 |
$823 |
$882 |
$946 |
$1,014 |
| Interest |
$5,262 |
$5,207 |
$5,147 |
$5,084 |
$5,015 |
| Loan Balance at End of Year |
$74,755 |
$73,933 |
$73,051 |
$72,105 |
$71,091 |
| 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 |
$22,480 |
$26,219 |
$30,106 |
$34,147 |
$38,348 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$607 |
$806 |
$1,011 |
$1,223 |
$1,440 |
| Monhtly Cash Flow |
$51 |
$67 |
$84 |
$102 |
$120 |
| Cash on Cash Return on Investment |
0.031% |
0.041% |
0.051% |
0.062% |
0.073% |
| 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 |