Analysis Review - Potential Rental Property - DFW
Hi, alright first deal. I ran a calculator and numbers are shown below, it so far check marks most of the items I am looking for in regards to property appreciation potential, location, strong rental numbers, school, crime, and other small checklist. I used a 1% for vacancy allowance as the rental is strong in this area, and 4% for repair allowance as it just got completely rehab. What do you experts or non experts think?? Thank you in advance for any input!
| Assumptions: Lowest Appraisal Loan | |
| INCOME AND RATE OF RETURN | |
| Purchase Price | 154,900.00 |
| Loan Amount | 123,920.00 |
| Down Payment | 30,980.00 |
| Estimated Annnual Gross Rents | 15,540.00 |
| Estimated Annual Equity Paydown | 1,700.18 |
| Estimated Annual Principal & Interest | ($8,350.19) |
| Estimated Annual Property Taxes | ($3,000.00) |
| Estimated Annual Homeowners Insurance | ($746.78) |
| Estimated Annual HOA Dues | $0.00 |
| Estimated Annual Management Fees | ($1,877.75) |
| Utility costs to be paid by landlord (if any) Annual | $0.00 |
| Lawn mainteannce costs to be paid by landlord (if any) Annual | $0.00 |
| Indirect Vacancy Allowance Annual ($) | ($155.40) |
| Repair Allowance Annual ($) | ($621.60) |
| Misc. bucket for costs per month Annual | ($60.00) |
| Estimated Annual Net Expenses | ($14,811.72) |
| SUMMARY OF RETURNS | |
| Estimated Annual Gross Income | $2,428.46 |
| Estimated Monthly Gross Income | $202.37 |
| Estimated Annual Gross ROI | 7.84% |
| ESTIMATE OF CASH FLOW | |
| Loan Amount | 123,920.00 |
| Interest Rate | 5.40% |
| Loan Term in Months | 360 |
| Estimated Principal & Interest | ($695.85) |
| Estimated Monthly Taxes | ($250.00) |
| Estimated Monthly Homeowners Insurance | ($62.23) |
| Estimated Monthly HOA Dues | $0.00 |
| Estimated Monthly - MISC | ($69.75) |
| Estimated Monthly Management Fees | ($156.48) |
| SUMMARY OF CASH FLOW | |
| Estimated Monthly Gross Cash Flow | $60.69 |