The Woodlands Deal Analysis
Let's look at deal analysis for The Woodlands, 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 The Woodlands, Texas Rental Property
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Typical 20% Down Payment The Woodlands, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$449,205
|
|
Purchase Price
|
|
$449,205
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$89,841
|
|
Closing Costs
|
1.000%
|
$4,492
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$323,424
|
|
Total Invested
|
|
$417,757
|
|
Mortgage
|
|
Mortgage Amount
|
|
$359,364
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,625
$2625.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$945
|
|
Property Taxes
|
2.195%
|
$9,860
|
|
Property Insurance
|
1.419%
|
$6,374
|
|
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%
|
$67,381
|
|
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 |
$462,681 |
$476,562 |
$490,858 |
$505,584 |
$520,752 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,476 |
$13,880 |
$14,297 |
$14,726 |
$15,168 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,625 |
$2,704 |
$2,785 |
$2,868 |
$2,954 |
| 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 |
$2,625 |
$2,704 |
$2,785 |
$2,868 |
$2,954 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$79 |
$81 |
$84 |
$86 |
$89 |
| Monthly Gross Operating Income |
$2,546 |
$2,623 |
$2,701 |
$2,782 |
$2,866 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$31,500 |
$32,445 |
$33,418 |
$34,421 |
$35,454 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$31,500 |
$32,445 |
$33,418 |
$34,421 |
$35,454 |
| Annual Vacancy Dollar |
$945 |
$973 |
$1,003 |
$1,033 |
$1,064 |
| Annual Gross Operating Income |
$30,555 |
$31,472 |
$32,416 |
$33,388 |
$34,390 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.195% |
2.195% |
2.195% |
2.195% |
2.195% |
| Property Taxes Dollar |
$9,860 |
$10,156 |
$10,461 |
$10,774 |
$11,098 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$6,374 |
$6,565 |
$6,762 |
$6,965 |
$7,174 |
| 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 |
$3,056 |
$3,147 |
$3,242 |
$3,339 |
$3,439 |
| 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 |
$19,290 |
$19,868 |
$20,465 |
$21,078 |
$21,711 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,265 |
$11,603 |
$11,951 |
$12,310 |
$12,679 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$28,690 |
$28,690 |
$28,690 |
$28,690 |
$28,690 |
| Principal |
$3,650 |
$3,914 |
$4,197 |
$4,501 |
$4,826 |
| Interest |
$25,040 |
$24,776 |
$24,493 |
$24,190 |
$23,864 |
| Loan Balance at End of Year |
$355,714 |
$351,799 |
$347,602 |
$343,101 |
$338,275 |
| 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 |
$106,968 |
$124,762 |
$143,257 |
$162,483 |
$182,477 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$17,425 |
-$17,087 |
-$16,739 |
-$16,380 |
-$16,011 |
| Monhtly Cash Flow |
-$1,452 |
-$1,424 |
-$1,395 |
-$1,365 |
-$1,334 |
| Cash on Cash Return on Investment |
-0.042% |
-0.041% |
-0.040% |
-0.039% |
-0.038% |
| 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 |