Norman Deal Analysis
Let's look at deal analysis for Norman, OK 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 Norman, Oklahoma Rental Property
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Typical 20% Down Payment Norman, Oklahoma Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$205,121
|
|
Purchase Price
|
|
$205,121
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$41,024
|
|
Closing Costs
|
1.000%
|
$2,051
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$29,616
|
|
Total Invested
|
|
$72,692
|
|
Mortgage
|
|
Mortgage Amount
|
|
$164,096.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,680
$1680.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$605
|
|
Property Taxes
|
1.189%
|
$2,439
|
|
Property Insurance
|
3.010%
|
$6,174
|
|
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%
|
$30,768
|
|
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 |
$211,275 |
$217,613 |
$224,141 |
$230,865 |
$237,791 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,154 |
$6,338 |
$6,528 |
$6,724 |
$6,926 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,680 |
$1,730 |
$1,782 |
$1,836 |
$1,891 |
| 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 |
$1,680 |
$1,730 |
$1,782 |
$1,836 |
$1,891 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$50 |
$52 |
$53 |
$55 |
$57 |
| Monthly Gross Operating Income |
$1,630 |
$1,678 |
$1,729 |
$1,781 |
$1,834 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$20,160 |
$20,765 |
$21,388 |
$22,029 |
$22,690 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$20,160 |
$20,765 |
$21,388 |
$22,029 |
$22,690 |
| Annual Vacancy Dollar |
$605 |
$623 |
$642 |
$661 |
$681 |
| Annual Gross Operating Income |
$19,555 |
$20,142 |
$20,746 |
$21,368 |
$22,010 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.189% |
1.189% |
1.189% |
1.189% |
1.189% |
| Property Taxes Dollar |
$2,439 |
$2,512 |
$2,587 |
$2,665 |
$2,745 |
| Insurance Percent |
3.010% |
3.010% |
3.010% |
3.010% |
3.010% |
| Insurance Dollar |
$6,174 |
$6,359 |
$6,550 |
$6,747 |
$6,949 |
| 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 |
$1,956 |
$2,014 |
$2,075 |
$2,137 |
$2,201 |
| 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 |
$10,569 |
$10,886 |
$11,212 |
$11,549 |
$11,895 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,987 |
$9,256 |
$9,534 |
$9,820 |
$10,115 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,101 |
$13,101 |
$13,101 |
$13,101 |
$13,101 |
| Principal |
$1,667 |
$1,787 |
$1,917 |
$2,055 |
$2,204 |
| Interest |
$11,434 |
$11,313 |
$11,184 |
$11,046 |
$10,897 |
| Loan Balance at End of Year |
$162,430 |
$160,642 |
$158,726 |
$156,671 |
$154,467 |
| 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 |
$48,845 |
$56,970 |
$65,415 |
$74,195 |
$83,325 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,114 |
-$3,845 |
-$3,567 |
-$3,281 |
-$2,986 |
| Monhtly Cash Flow |
-$343 |
-$320 |
-$297 |
-$273 |
-$249 |
| Cash on Cash Return on Investment |
-0.057% |
-0.053% |
-0.049% |
-0.045% |
-0.041% |
| 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 |