Irving Deal Analysis
Let's look at deal analysis for Irving, TX 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 Irving, Texas Rental Property
|
Typical 20% Down Payment Irving, Texas Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$297,957
|
|
Purchase Price
|
|
$297,957
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$59,591
|
|
Closing Costs
|
1.000%
|
$2,980
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$42,402
|
|
Total Invested
|
|
$104,973
|
|
Mortgage
|
|
Mortgage Amount
|
|
$238,365.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,284
$2283.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$822
|
|
Property Taxes
|
2.216%
|
$6,603
|
|
Property Insurance
|
1.419%
|
$4,228
|
|
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%
|
$44,694
|
|
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 |
$306,896 |
$316,103 |
$325,586 |
$335,353 |
$345,414 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,939 |
$9,207 |
$9,483 |
$9,768 |
$10,061 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,284 |
$2,352 |
$2,423 |
$2,496 |
$2,570 |
| 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 |
$2,284 |
$2,352 |
$2,423 |
$2,496 |
$2,570 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$69 |
$71 |
$73 |
$75 |
$77 |
| Monthly Gross Operating Income |
$2,215 |
$2,282 |
$2,350 |
$2,421 |
$2,493 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$27,405 |
$28,227 |
$29,074 |
$29,946 |
$30,845 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$27,405 |
$28,227 |
$29,074 |
$29,946 |
$30,845 |
| Annual Vacancy Dollar |
$822 |
$847 |
$872 |
$898 |
$925 |
| Annual Gross Operating Income |
$26,583 |
$27,380 |
$28,202 |
$29,048 |
$29,919 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.216% |
2.216% |
2.216% |
2.216% |
2.216% |
| Property Taxes Dollar |
$6,603 |
$6,801 |
$7,005 |
$7,215 |
$7,431 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$4,228 |
$4,355 |
$4,485 |
$4,620 |
$4,759 |
| 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 |
$2,658 |
$2,738 |
$2,820 |
$2,905 |
$2,992 |
| 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 |
$13,489 |
$13,894 |
$14,311 |
$14,740 |
$15,182 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,094 |
$13,487 |
$13,891 |
$14,308 |
$14,737 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,030 |
$19,030 |
$19,030 |
$19,030 |
$19,030 |
| Principal |
$2,421 |
$2,596 |
$2,784 |
$2,985 |
$3,201 |
| Interest |
$16,609 |
$16,434 |
$16,246 |
$16,045 |
$15,829 |
| Loan Balance at End of Year |
$235,944 |
$233,348 |
$230,564 |
$227,579 |
$224,377 |
| 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 |
$70,951 |
$82,755 |
$95,022 |
$107,775 |
$121,036 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,936 |
-$5,544 |
-$5,139 |
-$4,722 |
-$4,293 |
| Monhtly Cash Flow |
-$495 |
-$462 |
-$428 |
-$394 |
-$358 |
| Cash on Cash Return on Investment |
-0.057% |
-0.053% |
-0.049% |
-0.045% |
-0.041% |
| 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 |