Bellevue Deal Analysis
Let's look at deal analysis for Bellevue, WA 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 Bellevue, Washington Rental Property
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Typical 20% Down Payment Bellevue, Washington Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$1,534,370
|
|
Purchase Price
|
|
$1,534,370
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$306,874
|
|
Closing Costs
|
1.000%
|
$15,344
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$1,301,181
|
|
Total Invested
|
|
$1,623,398
|
|
Mortgage
|
|
Mortgage Amount
|
|
$1,227,496
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$4,725
$4725.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,701
|
|
Property Taxes
|
0.756%
|
$11,600
|
|
Property Insurance
|
0.229%
|
$3,514
|
|
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%
|
$230,156
|
|
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 |
$1,580,401 |
$1,627,813 |
$1,676,648 |
$1,726,947 |
$1,778,755 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$46,031 |
$47,412 |
$48,834 |
$50,299 |
$51,808 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$4,725 |
$4,867 |
$5,013 |
$5,163 |
$5,318 |
| 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 |
$4,725 |
$4,867 |
$5,013 |
$5,163 |
$5,318 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$142 |
$146 |
$150 |
$155 |
$160 |
| Monthly Gross Operating Income |
$4,583 |
$4,721 |
$4,862 |
$5,008 |
$5,158 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$56,700 |
$58,401 |
$60,153 |
$61,958 |
$63,816 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$56,700 |
$58,401 |
$60,153 |
$61,958 |
$63,816 |
| Annual Vacancy Dollar |
$1,701 |
$1,752 |
$1,805 |
$1,859 |
$1,914 |
| Annual Gross Operating Income |
$54,999 |
$56,649 |
$58,348 |
$60,099 |
$61,902 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.756% |
0.756% |
0.756% |
0.756% |
0.756% |
| Property Taxes Dollar |
$11,600 |
$11,948 |
$12,306 |
$12,675 |
$13,056 |
| Insurance Percent |
0.229% |
0.229% |
0.229% |
0.229% |
0.229% |
| Insurance Dollar |
$3,514 |
$3,619 |
$3,728 |
$3,840 |
$3,955 |
| 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 |
$5,500 |
$5,665 |
$5,835 |
$6,010 |
$6,190 |
| 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 |
$20,613 |
$21,232 |
$21,869 |
$22,525 |
$23,201 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$34,386 |
$35,417 |
$36,480 |
$37,574 |
$38,701 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$97,999 |
$97,999 |
$97,999 |
$97,999 |
$97,999 |
| Principal |
$12,469 |
$13,370 |
$14,337 |
$15,373 |
$16,485 |
| Interest |
$85,530 |
$84,628 |
$83,662 |
$82,625 |
$81,514 |
| Loan Balance at End of Year |
$1,215,027 |
$1,201,657 |
$1,187,320 |
$1,171,946 |
$1,155,462 |
| 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 |
$365,374 |
$426,157 |
$489,328 |
$555,001 |
$623,294 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$63,613 |
-$62,582 |
-$61,519 |
-$60,425 |
-$59,297 |
| Monhtly Cash Flow |
-$5,301 |
-$5,215 |
-$5,127 |
-$5,035 |
-$4,941 |
| Cash on Cash Return on Investment |
-0.039% |
-0.039% |
-0.038% |
-0.037% |
-0.037% |
| 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 |