Charleston Deal Analysis
Let's look at deal analysis for Charleston, WV 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 Charleston, West Virginia Rental Property
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Typical 20% Down Payment Charleston, West Virginia Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$133,430
|
|
Purchase Price
|
|
$133,430
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$26,686
|
|
Closing Costs
|
1.000%
|
$1,334
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$28,020
|
|
Mortgage
|
|
Mortgage Amount
|
|
$106,744
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,061
$1060.50
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$382
|
|
Property Taxes
|
1.000%
|
$1,334
|
|
Property Insurance
|
0.800%
|
$1,067
|
|
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%
|
$20,015
|
|
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 |
$137,433 |
$141,556 |
$145,803 |
$150,177 |
$154,682 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,003 |
$4,123 |
$4,247 |
$4,374 |
$4,505 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,061 |
$1,092 |
$1,125 |
$1,159 |
$1,194 |
| 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 |
$1,061 |
$1,092 |
$1,125 |
$1,159 |
$1,194 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$32 |
$33 |
$34 |
$35 |
$36 |
| Monthly Gross Operating Income |
$1,029 |
$1,060 |
$1,091 |
$1,124 |
$1,158 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$12,726 |
$13,108 |
$13,501 |
$13,906 |
$14,323 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$12,726 |
$13,108 |
$13,501 |
$13,906 |
$14,323 |
| Annual Vacancy Dollar |
$382 |
$393 |
$405 |
$417 |
$430 |
| Annual Gross Operating Income |
$12,344 |
$12,715 |
$13,096 |
$13,489 |
$13,894 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$1,334 |
$1,374 |
$1,416 |
$1,458 |
$1,502 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$1,067 |
$1,099 |
$1,132 |
$1,166 |
$1,201 |
| 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 |
$1,234 |
$1,271 |
$1,310 |
$1,349 |
$1,389 |
| 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 |
$3,636 |
$3,745 |
$3,858 |
$3,973 |
$4,093 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,708 |
$8,969 |
$9,238 |
$9,516 |
$9,801 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$8,522 |
$8,522 |
$8,522 |
$8,522 |
$8,522 |
| Principal |
$1,084 |
$1,163 |
$1,247 |
$1,337 |
$1,434 |
| Interest |
$7,438 |
$7,359 |
$7,275 |
$7,185 |
$7,089 |
| Loan Balance at End of Year |
$105,660 |
$104,497 |
$103,250 |
$101,913 |
$100,480 |
| 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 |
$31,773 |
$37,059 |
$42,552 |
$48,263 |
$54,202 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$186 |
$447 |
$716 |
$993 |
$1,279 |
| Monhtly Cash Flow |
$16 |
$37 |
$60 |
$83 |
$107 |
| Cash on Cash Return on Investment |
0.007% |
0.016% |
0.026% |
0.035% |
0.046% |
| 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 |