Overland Park Deal Analysis
Let's look at deal analysis for Overland Park, KS 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 Overland Park, Kansas Nomad™ Property with 10% Higher Rents
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Typical Overland Park, Kansas 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/#
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|
ARV
|
|
$377,043
|
|
Purchase Price
|
|
$377,043
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$18,852
|
|
Closing Costs
|
1.000%
|
$3,770
|
|
Rent Ready Costs
|
|
$0
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|
Cumulative Negative Cash Flow
|
|
$201,961
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|
Total Invested
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$224,583
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Mortgage
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Mortgage Amount
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$358,190.85
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Mortgage Interest Rate
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6.500%
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Loan Term
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|
360
|
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Private Mortgage Insurance
|
0.850%
|
$253.72
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Drop PMI LTV
|
80.000%
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|
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Income
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|
Monthly Rent
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|
$2,469
$2469.39
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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%
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$889
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Property Taxes
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1.184%
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$4,464
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Property Insurance
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2.127%
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$8,020
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|
HOA Dues
|
|
$0
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Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
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|
$0
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Maintenance
|
10.000%
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|
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CapEx
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|
$0
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Management
|
0.000%
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|
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Depreciation Details
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Land Value
|
15.000%
|
$56,556
|
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Property Type (C or R)
|
R
|
27.5
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|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$388,354 |
$400,005 |
$412,005 |
$424,365 |
$437,096 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,311 |
$11,651 |
$12,000 |
$12,360 |
$12,731 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,469 |
$2,543 |
$2,620 |
$2,698 |
$2,779 |
| 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 |
$2,469 |
$2,543 |
$2,620 |
$2,698 |
$2,779 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$74 |
$76 |
$79 |
$81 |
$83 |
| Monthly Gross Operating Income |
$2,395 |
$2,467 |
$2,541 |
$2,617 |
$2,696 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$29,633 |
$30,522 |
$31,437 |
$32,380 |
$33,352 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$29,633 |
$30,522 |
$31,437 |
$32,380 |
$33,352 |
| Annual Vacancy Dollar |
$889 |
$916 |
$943 |
$971 |
$1,001 |
| Annual Gross Operating Income |
$28,744 |
$29,606 |
$30,494 |
$31,409 |
$32,351 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.184% |
1.184% |
1.184% |
1.184% |
1.184% |
| Property Taxes Dollar |
$4,464 |
$4,598 |
$4,736 |
$4,878 |
$5,024 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$8,020 |
$8,260 |
$8,508 |
$8,763 |
$9,026 |
| 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 |
$2,874 |
$2,961 |
$3,049 |
$3,141 |
$3,235 |
| 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 |
$15,358 |
$15,819 |
$16,294 |
$16,782 |
$17,286 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,385 |
$13,787 |
$14,201 |
$14,627 |
$15,065 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$27,168 |
$27,168 |
$27,168 |
$27,168 |
$27,168 |
| Principal |
$4,004 |
$4,272 |
$4,558 |
$4,863 |
$5,189 |
| Interest |
$23,165 |
$22,896 |
$22,610 |
$22,305 |
$21,979 |
| Loan Balance at End of Year |
$354,187 |
$349,916 |
$345,358 |
$340,495 |
$335,306 |
| 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 |
$3,045 |
$3,045 |
$3,045 |
$3,045 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$34,167 |
$50,089 |
$66,647 |
$83,871 |
$101,790 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$16,827 |
-$16,426 |
-$16,012 |
-$15,586 |
-$12,103 |
| Monhtly Cash Flow |
-$1,402 |
-$1,369 |
-$1,334 |
-$1,299 |
-$1,009 |
| Cash on Cash Return on Investment |
-0.075% |
-0.073% |
-0.071% |
-0.069% |
-0.054% |
| 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 |