Lafayette Deal Analysis
Let's look at deal analysis for Lafayette, LA 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 Lafayette, Louisiana Nomad™ Property with 10% Higher Rents
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Typical Lafayette, Louisiana 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
|
|
$185,996
|
|
Purchase Price
|
|
$185,996
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$9,300
|
|
Closing Costs
|
1.000%
|
$1,860
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$12,635
|
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Total Invested
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$23,795
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Mortgage
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|
Mortgage Amount
|
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$176,696.20
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$125.16
|
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Drop PMI LTV
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80.000%
|
|
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Income
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Monthly Rent
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|
$1,633
$1633.17
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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%
|
$588
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Property Taxes
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0.694%
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$1,291
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Property Insurance
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2.398%
|
$4,460
|
|
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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CapEx
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$0
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Management
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0.000%
|
|
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Depreciation Details
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Land Value
|
15.000%
|
$27,899
|
|
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 |
$191,576 |
$197,323 |
$203,243 |
$209,340 |
$215,620 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,580 |
$5,747 |
$5,920 |
$6,097 |
$6,280 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,633 |
$1,682 |
$1,733 |
$1,785 |
$1,838 |
| 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 |
$1,633 |
$1,682 |
$1,733 |
$1,785 |
$1,838 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$49 |
$50 |
$52 |
$54 |
$55 |
| Monthly Gross Operating Income |
$1,584 |
$1,632 |
$1,681 |
$1,731 |
$1,783 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$19,598 |
$20,186 |
$20,792 |
$21,415 |
$22,058 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$19,598 |
$20,186 |
$20,792 |
$21,415 |
$22,058 |
| Annual Vacancy Dollar |
$588 |
$606 |
$624 |
$642 |
$662 |
| Annual Gross Operating Income |
$19,010 |
$19,580 |
$20,168 |
$20,773 |
$21,396 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.694% |
0.694% |
0.694% |
0.694% |
0.694% |
| Property Taxes Dollar |
$1,291 |
$1,330 |
$1,369 |
$1,411 |
$1,453 |
| Insurance Percent |
2.398% |
2.398% |
2.398% |
2.398% |
2.398% |
| Insurance Dollar |
$4,460 |
$4,594 |
$4,732 |
$4,874 |
$5,020 |
| 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 |
$1,901 |
$1,958 |
$2,017 |
$2,077 |
$2,140 |
| 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 |
$7,652 |
$7,882 |
$8,118 |
$8,362 |
$8,612 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,358 |
$11,699 |
$12,050 |
$12,411 |
$12,784 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,402 |
$13,402 |
$13,402 |
$13,402 |
$13,402 |
| Principal |
$1,975 |
$2,107 |
$2,248 |
$2,399 |
$2,560 |
| Interest |
$11,427 |
$11,295 |
$11,154 |
$11,003 |
$10,842 |
| Loan Balance at End of Year |
$174,721 |
$172,614 |
$170,366 |
$167,967 |
$165,407 |
| 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 |
$1,502 |
$1,502 |
$1,502 |
$1,502 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$16,855 |
$24,709 |
$32,877 |
$41,373 |
$50,213 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,546 |
-$3,205 |
-$2,854 |
-$2,493 |
-$618 |
| Monhtly Cash Flow |
-$295 |
-$267 |
-$238 |
-$208 |
-$52 |
| Cash on Cash Return on Investment |
-0.149% |
-0.135% |
-0.120% |
-0.105% |
-0.026% |
| 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 |