Corona Deal Analysis
Let's look at deal analysis for Corona, CA 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 Corona, California Rental Property
|
Typical 20% Down Payment Corona, California Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$684,266
|
|
Purchase Price
|
|
$684,266
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$136,853
|
|
Closing Costs
|
1.000%
|
$6,843
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$79,572
|
|
Total Invested
|
|
$223,268
|
|
Mortgage
|
|
Mortgage Amount
|
|
$547,412.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,675
$3675.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,323
|
|
Property Taxes
|
0.883%
|
$6,042
|
|
Property Insurance
|
0.173%
|
$1,184
|
|
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%
|
$102,640
|
|
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 |
$704,794 |
$725,938 |
$747,716 |
$770,147 |
$793,252 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$20,528 |
$21,144 |
$21,778 |
$22,431 |
$23,104 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,675 |
$3,785 |
$3,899 |
$4,016 |
$4,136 |
| 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 |
$3,675 |
$3,785 |
$3,899 |
$4,016 |
$4,136 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$110 |
$114 |
$117 |
$120 |
$124 |
| Monthly Gross Operating Income |
$3,565 |
$3,672 |
$3,782 |
$3,895 |
$4,012 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$44,100 |
$45,423 |
$46,786 |
$48,189 |
$49,635 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$44,100 |
$45,423 |
$46,786 |
$48,189 |
$49,635 |
| Annual Vacancy Dollar |
$1,323 |
$1,363 |
$1,404 |
$1,446 |
$1,489 |
| Annual Gross Operating Income |
$42,777 |
$44,060 |
$45,382 |
$46,744 |
$48,146 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.883% |
0.883% |
0.883% |
0.883% |
0.883% |
| Property Taxes Dollar |
$6,042 |
$6,223 |
$6,410 |
$6,602 |
$6,800 |
| Insurance Percent |
0.173% |
0.173% |
0.173% |
0.173% |
0.173% |
| Insurance Dollar |
$1,184 |
$1,219 |
$1,256 |
$1,294 |
$1,332 |
| 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 |
$4,278 |
$4,406 |
$4,538 |
$4,674 |
$4,815 |
| 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 |
$11,504 |
$11,849 |
$12,204 |
$12,570 |
$12,947 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$31,273 |
$32,212 |
$33,178 |
$34,173 |
$35,199 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$43,703 |
$43,703 |
$43,703 |
$43,703 |
$43,703 |
| Principal |
$5,561 |
$5,963 |
$6,394 |
$6,856 |
$7,351 |
| Interest |
$38,143 |
$37,741 |
$37,310 |
$36,848 |
$36,352 |
| Loan Balance at End of Year |
$541,852 |
$535,889 |
$529,496 |
$522,640 |
$515,288 |
| 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 |
$162,942 |
$190,048 |
$218,220 |
$247,507 |
$277,963 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,430 |
-$11,492 |
-$10,525 |
-$9,530 |
-$8,505 |
| Monhtly Cash Flow |
-$1,036 |
-$958 |
-$877 |
-$794 |
-$709 |
| Cash on Cash Return on Investment |
-0.056% |
-0.051% |
-0.047% |
-0.043% |
-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 |