Lubbock Deal Analysis
Let's look at deal analysis for Lubbock, 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 Lubbock, Texas Rental Property
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Typical 20% Down Payment Lubbock, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$178,948
|
|
Purchase Price
|
|
$178,948
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$35,790
|
|
Closing Costs
|
1.000%
|
$1,789
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$146
|
|
Total Invested
|
|
$37,725
|
|
Mortgage
|
|
Mortgage Amount
|
|
$143,158.40
|
|
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
|
2.118%
|
$3,790
|
|
Property Insurance
|
1.419%
|
$2,539
|
|
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%
|
$26,842
|
|
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 |
$184,316 |
$189,846 |
$195,541 |
$201,408 |
$207,450 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,368 |
$5,529 |
$5,695 |
$5,866 |
$6,042 |
| 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 |
2.118% |
2.118% |
2.118% |
2.118% |
2.118% |
| Property Taxes Dollar |
$3,790 |
$3,904 |
$4,021 |
$4,142 |
$4,266 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$2,539 |
$2,615 |
$2,694 |
$2,775 |
$2,858 |
| 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 |
$8,285 |
$8,533 |
$8,789 |
$9,053 |
$9,325 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,270 |
$11,608 |
$11,957 |
$12,315 |
$12,685 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,429 |
$11,429 |
$11,429 |
$11,429 |
$11,429 |
| Principal |
$1,454 |
$1,559 |
$1,672 |
$1,793 |
$1,923 |
| Interest |
$9,975 |
$9,870 |
$9,757 |
$9,636 |
$9,507 |
| Loan Balance at End of Year |
$141,704 |
$140,145 |
$138,473 |
$136,680 |
$134,757 |
| 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 |
$42,612 |
$49,701 |
$57,069 |
$64,728 |
$72,693 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$159 |
$179 |
$527 |
$886 |
$1,256 |
| Monhtly Cash Flow |
-$13 |
$15 |
$44 |
$74 |
$105 |
| Cash on Cash Return on Investment |
-0.004% |
0.005% |
0.014% |
0.023% |
0.033% |
| 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 |