Mobile Deal Analysis
Let's look at deal analysis for Mobile, AL 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 Mobile, Alabama Rental Property
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Typical 20% Down Payment Mobile, Alabama Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$158,669
|
|
Purchase Price
|
|
$158,669
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$31,734
|
|
Closing Costs
|
1.000%
|
$1,587
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$33,320
|
|
Mortgage
|
|
Mortgage Amount
|
|
$126,935.20
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,444
$1443.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$520
|
|
Property Taxes
|
0.693%
|
$1,100
|
|
Property Insurance
|
1.958%
|
$3,107
|
|
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%
|
$23,800
|
|
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 |
$163,429 |
$168,332 |
$173,382 |
$178,583 |
$183,941 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,760 |
$4,903 |
$5,050 |
$5,201 |
$5,358 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,444 |
$1,487 |
$1,532 |
$1,578 |
$1,625 |
| 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 |
$1,444 |
$1,487 |
$1,532 |
$1,578 |
$1,625 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$43 |
$45 |
$46 |
$47 |
$49 |
| Monthly Gross Operating Income |
$1,400 |
$1,442 |
$1,486 |
$1,530 |
$1,576 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$17,325 |
$17,845 |
$18,380 |
$18,931 |
$19,499 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$17,325 |
$17,845 |
$18,380 |
$18,931 |
$19,499 |
| Annual Vacancy Dollar |
$520 |
$535 |
$551 |
$568 |
$585 |
| Annual Gross Operating Income |
$16,805 |
$17,309 |
$17,829 |
$18,364 |
$18,914 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Property Taxes Dollar |
$1,100 |
$1,133 |
$1,167 |
$1,202 |
$1,238 |
| Insurance Percent |
1.958% |
1.958% |
1.958% |
1.958% |
1.958% |
| Insurance Dollar |
$3,107 |
$3,200 |
$3,296 |
$3,395 |
$3,497 |
| 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 |
$1,681 |
$1,731 |
$1,783 |
$1,836 |
$1,891 |
| 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 |
$5,887 |
$6,063 |
$6,245 |
$6,433 |
$6,626 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$10,918 |
$11,246 |
$11,583 |
$11,931 |
$12,289 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,134 |
$10,134 |
$10,134 |
$10,134 |
$10,134 |
| Principal |
$1,289 |
$1,383 |
$1,483 |
$1,590 |
$1,705 |
| Interest |
$8,845 |
$8,751 |
$8,651 |
$8,544 |
$8,429 |
| Loan Balance at End of Year |
$125,646 |
$124,263 |
$122,781 |
$121,191 |
$119,486 |
| 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 |
$37,783 |
$44,069 |
$50,601 |
$57,392 |
$64,455 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$784 |
$1,112 |
$1,449 |
$1,797 |
$2,155 |
| Monhtly Cash Flow |
$65 |
$93 |
$121 |
$150 |
$180 |
| Cash on Cash Return on Investment |
0.024% |
0.033% |
0.043% |
0.054% |
0.065% |
| 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 |