Colorado Springs Deal Analysis
Let's look at deal analysis for Colorado Springs, CO 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 Colorado Springs, Colorado Rental Property
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Typical 20% Down Payment Colorado Springs, Colorado Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$435,312
|
|
Purchase Price
|
|
$435,312
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$87,062
|
|
Closing Costs
|
1.000%
|
$4,353
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$43,708
|
|
Total Invested
|
|
$135,123
|
|
Mortgage
|
|
Mortgage Amount
|
|
$348,249.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,360
$2360.40
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$850
|
|
Property Taxes
|
0.482%
|
$2,098
|
|
Property Insurance
|
0.508%
|
$2,211
|
|
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%
|
$65,297
|
|
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 |
$448,371 |
$461,823 |
$475,677 |
$489,947 |
$504,646 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,059 |
$13,451 |
$13,855 |
$14,270 |
$14,698 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,360 |
$2,431 |
$2,504 |
$2,579 |
$2,657 |
| 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 |
$2,360 |
$2,431 |
$2,504 |
$2,579 |
$2,657 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$71 |
$73 |
$75 |
$77 |
$80 |
| Monthly Gross Operating Income |
$2,290 |
$2,358 |
$2,429 |
$2,502 |
$2,577 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$28,325 |
$29,175 |
$30,050 |
$30,951 |
$31,880 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$28,325 |
$29,175 |
$30,050 |
$30,951 |
$31,880 |
| Annual Vacancy Dollar |
$850 |
$875 |
$901 |
$929 |
$956 |
| Annual Gross Operating Income |
$27,475 |
$28,299 |
$29,148 |
$30,023 |
$30,923 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.482% |
0.482% |
0.482% |
0.482% |
0.482% |
| Property Taxes Dollar |
$2,098 |
$2,161 |
$2,226 |
$2,293 |
$2,362 |
| Insurance Percent |
0.508% |
0.508% |
0.508% |
0.508% |
0.508% |
| Insurance Dollar |
$2,211 |
$2,278 |
$2,346 |
$2,416 |
$2,489 |
| 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 |
$2,748 |
$2,830 |
$2,915 |
$3,002 |
$3,092 |
| 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 |
$7,057 |
$7,269 |
$7,487 |
$7,711 |
$7,943 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,418 |
$21,031 |
$21,661 |
$22,311 |
$22,981 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$27,803 |
$27,803 |
$27,803 |
$27,803 |
$27,803 |
| Principal |
$3,538 |
$3,793 |
$4,067 |
$4,361 |
$4,677 |
| Interest |
$24,265 |
$24,010 |
$23,735 |
$23,441 |
$23,126 |
| Loan Balance at End of Year |
$344,712 |
$340,919 |
$336,851 |
$332,490 |
$327,813 |
| 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 |
$103,659 |
$120,904 |
$138,826 |
$157,458 |
$176,833 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,385 |
-$6,772 |
-$6,142 |
-$5,492 |
-$4,822 |
| Monhtly Cash Flow |
-$615 |
-$564 |
-$512 |
-$458 |
-$402 |
| Cash on Cash Return on Investment |
-0.055% |
-0.050% |
-0.045% |
-0.041% |
-0.036% |
| 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 |