Anchorage Deal Analysis
Let's look at deal analysis for Anchorage, AK and for
15 Buy 10 Nomads™ with 10% Higher Rents.
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 Anchorage, Alaska Nomad™ Property with 10% Higher Rents
Typical Anchorage, Alaska Nomad™ Property with 10% Higher Rents
|
Purchase Inputs
|
|
Percents
|
Dollars/#
|
ARV
|
|
$361,732
|
Purchase Price
|
|
$361,732
|
Seller Concessions
|
—
|
$0
|
Down Payment
|
5.000%
|
$18,087
|
Closing Costs
|
1.000%
|
$3,617
|
Rent Ready Costs
|
|
$0
|
Cumulative Negative Cash Flow
|
|
$5,363
|
Total Invested
|
|
$27,067
|
Mortgage
|
Mortgage Amount
|
|
$343,645.40
|
Mortgage Interest Rate
|
6.500%
|
|
Loan Term
|
|
360
|
Private Mortgage Insurance
|
0.850%
|
$243.42
|
Drop PMI LTV
|
80.000%
|
|
Income
|
Monthly Rent
|
|
$3,119
$3118.50
|
Other Income
|
|
$0
|
Annual Expenses
|
Vacancy Rate
|
3.000%
|
$1,123
|
Property Taxes
|
1.369%
|
$4,952
|
Property Insurance
|
0.388%
|
$1,404
|
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%
|
$54,260
|
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 |
$372,584 |
$383,761 |
$395,274 |
$407,133 |
$419,347 |
Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Appreciation Dollar |
$10,852 |
$11,178 |
$11,513 |
$11,858 |
$12,214 |
Monthly Income |
1 |
2 |
3 |
4 |
5 |
Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Rent |
$3,119 |
$3,212 |
$3,308 |
$3,408 |
$3,510 |
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 |
$3,119 |
$3,212 |
$3,308 |
$3,408 |
$3,510 |
Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Vacancy Dollar |
$94 |
$96 |
$99 |
$102 |
$105 |
Monthly Gross Operating Income |
$3,025 |
$3,116 |
$3,209 |
$3,305 |
$3,405 |
Annual Income |
1 |
2 |
3 |
4 |
5 |
Annual Rent |
$37,422 |
$38,545 |
$39,701 |
$40,892 |
$42,119 |
Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
Annual Gross Potential Income |
$37,422 |
$38,545 |
$39,701 |
$40,892 |
$42,119 |
Annual Vacancy Dollar |
$1,123 |
$1,156 |
$1,191 |
$1,227 |
$1,264 |
Annual Gross Operating Income |
$36,299 |
$37,388 |
$38,510 |
$39,665 |
$40,855 |
Annual Expenses |
1 |
2 |
3 |
4 |
5 |
Property Taxes Percent |
1.369% |
1.369% |
1.369% |
1.369% |
1.369% |
Property Taxes Dollar |
$4,952 |
$5,101 |
$5,254 |
$5,411 |
$5,574 |
Insurance Percent |
0.388% |
0.388% |
0.388% |
0.388% |
0.388% |
Insurance Dollar |
$1,404 |
$1,446 |
$1,489 |
$1,534 |
$1,580 |
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 |
$3,630 |
$3,739 |
$3,851 |
$3,967 |
$4,086 |
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 |
$9,986 |
$10,285 |
$10,594 |
$10,911 |
$11,239 |
Net Operating Income |
1 |
2 |
3 |
4 |
5 |
Net Operating Income (NOI) |
$26,314 |
$27,103 |
$27,916 |
$28,754 |
$29,616 |
Mortgage |
1 |
2 |
3 |
4 |
5 |
Total Annual P&I Payments |
$26,065 |
$26,065 |
$26,065 |
$26,065 |
$26,065 |
Principal |
$3,841 |
$4,098 |
$4,373 |
$4,666 |
$4,978 |
Interest |
$22,224 |
$21,967 |
$21,692 |
$21,399 |
$21,087 |
Loan Balance at End of Year |
$339,804 |
$335,706 |
$331,334 |
$326,668 |
$321,690 |
Loan-To-Value |
91.202% |
87.478% |
83.824% |
80.236% |
76.712% |
Private Mortgage Insurance (PMI) Rate |
0.850% |
0.850% |
0.850% |
0.850% |
|
Private Mortgage Insurance Dollar |
$2,921 |
$2,921 |
$2,921 |
$2,921 |
$0 |
Equity |
1 |
2 |
3 |
4 |
5 |
ARV - Loan Balance at End of Year |
$32,780 |
$48,055 |
$63,941 |
$80,465 |
$97,657 |
Cash Flow |
1 |
2 |
3 |
4 |
5 |
Annual Cash Flow |
-$2,672 |
-$1,883 |
-$1,070 |
-$232 |
$3,552 |
Monhtly Cash Flow |
-$223 |
-$157 |
-$89 |
-$19 |
$296 |
Cash on Cash Return on Investment |
-0.099% |
-0.070% |
-0.040% |
-0.009% |
0.131% |
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 |