Metairie Deal Analysis
Let's look at deal analysis for Metairie, 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 Metairie, Louisiana Nomad™ Property with 10% Higher Rents
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Typical Metairie, 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
|
|
$298,128
|
|
Purchase Price
|
|
$298,128
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$14,906
|
|
Closing Costs
|
1.000%
|
$2,981
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$35,375
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|
Total Invested
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$53,262
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Mortgage
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|
Mortgage Amount
|
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$283,221.60
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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
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0.850%
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$200.62
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Drop PMI LTV
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80.000%
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|
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Income
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Monthly Rent
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|
$2,426
$2425.50
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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%
|
$873
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Property Taxes
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0.612%
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$1,825
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Property Insurance
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2.398%
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$7,149
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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
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0.000%
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|
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Depreciation Details
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Land Value
|
15.000%
|
$44,719
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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 |
$307,072 |
$316,284 |
$325,773 |
$335,546 |
$345,612 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,944 |
$9,212 |
$9,489 |
$9,773 |
$10,066 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,426 |
$2,498 |
$2,573 |
$2,650 |
$2,730 |
| 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 |
$2,426 |
$2,498 |
$2,573 |
$2,650 |
$2,730 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$73 |
$75 |
$77 |
$80 |
$82 |
| Monthly Gross Operating Income |
$2,353 |
$2,423 |
$2,496 |
$2,571 |
$2,648 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$29,106 |
$29,979 |
$30,879 |
$31,805 |
$32,759 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$29,106 |
$29,979 |
$30,879 |
$31,805 |
$32,759 |
| Annual Vacancy Dollar |
$873 |
$899 |
$926 |
$954 |
$983 |
| Annual Gross Operating Income |
$28,233 |
$29,080 |
$29,952 |
$30,851 |
$31,776 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.612% |
0.612% |
0.612% |
0.612% |
0.612% |
| Property Taxes Dollar |
$1,825 |
$1,879 |
$1,936 |
$1,994 |
$2,054 |
| Insurance Percent |
2.398% |
2.398% |
2.398% |
2.398% |
2.398% |
| Insurance Dollar |
$7,149 |
$7,364 |
$7,584 |
$7,812 |
$8,046 |
| 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 |
$2,823 |
$2,908 |
$2,995 |
$3,085 |
$3,178 |
| 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 |
$11,797 |
$12,151 |
$12,515 |
$12,891 |
$13,278 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,436 |
$16,929 |
$17,437 |
$17,960 |
$18,499 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$21,482 |
$21,482 |
$21,482 |
$21,482 |
$21,482 |
| Principal |
$3,166 |
$3,378 |
$3,604 |
$3,845 |
$4,103 |
| Interest |
$18,316 |
$18,104 |
$17,878 |
$17,637 |
$17,379 |
| Loan Balance at End of Year |
$280,056 |
$276,678 |
$273,075 |
$269,229 |
$265,127 |
| 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 |
$2,407 |
$2,407 |
$2,407 |
$2,407 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$27,016 |
$39,606 |
$52,698 |
$66,316 |
$80,485 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,453 |
-$6,960 |
-$6,452 |
-$5,929 |
-$2,983 |
| Monhtly Cash Flow |
-$621 |
-$580 |
-$538 |
-$494 |
-$249 |
| Cash on Cash Return on Investment |
-0.140% |
-0.131% |
-0.121% |
-0.111% |
-0.056% |
| 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 |