Evansville Deal Analysis
Let's look at deal analysis for Evansville, IN 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 Evansville, Indiana Nomad™ Property with 10% Higher Rents
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Typical Evansville, Indiana Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
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Percents
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Dollars/#
|
|
ARV
|
|
$156,687
|
|
Purchase Price
|
|
$156,687
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$7,834
|
|
Closing Costs
|
1.000%
|
$1,567
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$77,631
|
|
Total Invested
|
|
$87,032
|
|
Mortgage
|
|
Mortgage Amount
|
|
$148,852.65
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$105.44
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$860
$860.48
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Other Income
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|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$310
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Property Taxes
|
0.962%
|
$1,507
|
|
Property Insurance
|
1.123%
|
$1,760
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
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Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$23,503
|
|
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 |
$161,388 |
$166,229 |
$171,216 |
$176,353 |
$181,643 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,701 |
$4,842 |
$4,987 |
$5,136 |
$5,291 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$860 |
$886 |
$913 |
$940 |
$968 |
| 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 |
$860 |
$886 |
$913 |
$940 |
$968 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$26 |
$27 |
$27 |
$28 |
$29 |
| Monthly Gross Operating Income |
$835 |
$860 |
$885 |
$912 |
$939 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$10,326 |
$10,636 |
$10,955 |
$11,283 |
$11,622 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$10,326 |
$10,636 |
$10,955 |
$11,283 |
$11,622 |
| Annual Vacancy Dollar |
$310 |
$319 |
$329 |
$338 |
$349 |
| Annual Gross Operating Income |
$10,016 |
$10,316 |
$10,626 |
$10,945 |
$11,273 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.962% |
0.962% |
0.962% |
0.962% |
0.962% |
| Property Taxes Dollar |
$1,507 |
$1,553 |
$1,599 |
$1,647 |
$1,697 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$1,760 |
$1,812 |
$1,867 |
$1,923 |
$1,980 |
| 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 |
$1,002 |
$1,032 |
$1,063 |
$1,094 |
$1,127 |
| 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 |
$4,269 |
$4,397 |
$4,528 |
$4,664 |
$4,804 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$5,747 |
$5,920 |
$6,097 |
$6,280 |
$6,469 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,290 |
$11,290 |
$11,290 |
$11,290 |
$11,290 |
| Principal |
$1,664 |
$1,775 |
$1,894 |
$2,021 |
$2,156 |
| Interest |
$9,626 |
$9,515 |
$9,396 |
$9,269 |
$9,134 |
| Loan Balance at End of Year |
$147,189 |
$145,414 |
$143,520 |
$141,499 |
$139,342 |
| 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 |
$1,265 |
$1,265 |
$1,265 |
$1,265 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$14,199 |
$20,816 |
$27,696 |
$34,854 |
$42,301 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$6,808 |
-$6,636 |
-$6,458 |
-$6,275 |
-$4,821 |
| Monhtly Cash Flow |
-$567 |
-$553 |
-$538 |
-$523 |
-$402 |
| Cash on Cash Return on Investment |
-0.078% |
-0.076% |
-0.074% |
-0.072% |
-0.055% |
| 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 |