Waco Deal Analysis
Let's look at deal analysis for Waco, 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 Waco, Texas Rental Property
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Typical 20% Down Payment Waco, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$190,719
|
|
Purchase Price
|
|
$190,719
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$38,144
|
|
Closing Costs
|
1.000%
|
$1,907
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$651
|
|
Total Invested
|
|
$40,702
|
|
Mortgage
|
|
Mortgage Amount
|
|
$152,575.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,838
$1837.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$662
|
|
Property Taxes
|
2.561%
|
$4,884
|
|
Property Insurance
|
1.419%
|
$2,706
|
|
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%
|
$28,608
|
|
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 |
$196,441 |
$202,334 |
$208,404 |
$214,656 |
$221,096 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,722 |
$5,893 |
$6,070 |
$6,252 |
$6,440 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,838 |
$1,893 |
$1,949 |
$2,008 |
$2,068 |
| 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 |
$1,838 |
$1,893 |
$1,949 |
$2,008 |
$2,068 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$55 |
$57 |
$58 |
$60 |
$62 |
| Monthly Gross Operating Income |
$1,782 |
$1,836 |
$1,891 |
$1,948 |
$2,006 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,050 |
$22,712 |
$23,393 |
$24,095 |
$24,817 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,050 |
$22,712 |
$23,393 |
$24,095 |
$24,817 |
| Annual Vacancy Dollar |
$662 |
$681 |
$702 |
$723 |
$745 |
| Annual Gross Operating Income |
$21,389 |
$22,030 |
$22,691 |
$23,372 |
$24,073 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.561% |
2.561% |
2.561% |
2.561% |
2.561% |
| Property Taxes Dollar |
$4,884 |
$5,031 |
$5,182 |
$5,337 |
$5,497 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$2,706 |
$2,787 |
$2,871 |
$2,957 |
$3,046 |
| 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 |
$2,139 |
$2,203 |
$2,269 |
$2,337 |
$2,407 |
| 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 |
$9,729 |
$10,021 |
$10,322 |
$10,632 |
$10,951 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,659 |
$12,009 |
$12,369 |
$12,740 |
$13,122 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,181 |
$12,181 |
$12,181 |
$12,181 |
$12,181 |
| Principal |
$1,550 |
$1,662 |
$1,782 |
$1,911 |
$2,049 |
| Interest |
$10,631 |
$10,519 |
$10,399 |
$10,270 |
$10,132 |
| Loan Balance at End of Year |
$151,025 |
$149,363 |
$147,581 |
$145,670 |
$143,621 |
| 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 |
$45,415 |
$52,970 |
$60,823 |
$68,986 |
$77,474 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$522 |
-$172 |
$188 |
$559 |
$941 |
| Monhtly Cash Flow |
-$44 |
-$14 |
$16 |
$47 |
$78 |
| Cash on Cash Return on Investment |
-0.013% |
-0.004% |
0.005% |
0.014% |
0.023% |
| 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 |