Grand Prairie Deal Analysis
Let's look at deal analysis for Grand Prairie, TX 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 Grand Prairie, Texas Rental Property
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Typical 20% Down Payment Grand Prairie, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$285,136
|
|
Purchase Price
|
|
$285,136
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$57,027
|
|
Closing Costs
|
1.000%
|
$2,851
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$42,728
|
|
Total Invested
|
|
$102,606
|
|
Mortgage
|
|
Mortgage Amount
|
|
$228,108.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,205
$2205.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$794
|
|
Property Taxes
|
2.336%
|
$6,661
|
|
Property Insurance
|
1.419%
|
$4,046
|
|
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%
|
$42,770
|
|
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 |
$293,690 |
$302,501 |
$311,576 |
$320,923 |
$330,551 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,554 |
$8,811 |
$9,075 |
$9,347 |
$9,628 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,205 |
$2,271 |
$2,339 |
$2,409 |
$2,482 |
| 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 |
$2,205 |
$2,271 |
$2,339 |
$2,409 |
$2,482 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$66 |
$68 |
$70 |
$72 |
$74 |
| Monthly Gross Operating Income |
$2,139 |
$2,203 |
$2,269 |
$2,337 |
$2,407 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,460 |
$27,254 |
$28,071 |
$28,914 |
$29,781 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,460 |
$27,254 |
$28,071 |
$28,914 |
$29,781 |
| Annual Vacancy Dollar |
$794 |
$818 |
$842 |
$867 |
$893 |
| Annual Gross Operating Income |
$25,666 |
$26,436 |
$27,229 |
$28,046 |
$28,888 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.336% |
2.336% |
2.336% |
2.336% |
2.336% |
| Property Taxes Dollar |
$6,661 |
$6,861 |
$7,066 |
$7,278 |
$7,497 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$4,046 |
$4,167 |
$4,292 |
$4,421 |
$4,554 |
| 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 |
$2,567 |
$2,644 |
$2,723 |
$2,805 |
$2,889 |
| 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 |
$13,273 |
$13,672 |
$14,082 |
$14,504 |
$14,939 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$12,393 |
$12,765 |
$13,147 |
$13,542 |
$13,948 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$18,211 |
$18,211 |
$18,211 |
$18,211 |
$18,211 |
| Principal |
$2,317 |
$2,485 |
$2,664 |
$2,857 |
$3,063 |
| Interest |
$15,894 |
$15,727 |
$15,547 |
$15,354 |
$15,148 |
| Loan Balance at End of Year |
$225,792 |
$223,307 |
$220,643 |
$217,786 |
$214,723 |
| 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 |
$67,898 |
$79,194 |
$90,933 |
$103,137 |
$115,828 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,819 |
-$5,447 |
-$5,064 |
-$4,669 |
-$4,263 |
| Monhtly Cash Flow |
-$485 |
-$454 |
-$422 |
-$389 |
-$355 |
| Cash on Cash Return on Investment |
-0.057% |
-0.053% |
-0.049% |
-0.046% |
-0.042% |
| 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 |