New Bedford Deal Analysis
Let's look at deal analysis for New Bedford, MA 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 New Bedford, Massachusetts Nomad™ Property with 10% Higher Rents
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Typical New Bedford, Massachusetts Nomad™ Property with 10% Higher Rents
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|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$333,012
|
|
Purchase Price
|
|
$333,012
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,651
|
|
Closing Costs
|
1.000%
|
$3,330
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$60,493
|
|
Total Invested
|
|
$80,474
|
|
Mortgage
|
|
Mortgage Amount
|
|
$316,361.40
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$224.09
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,137
$2136.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$769
|
|
Property Taxes
|
1.383%
|
$4,606
|
|
Property Insurance
|
0.314%
|
$1,046
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$49,952
|
|
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 |
$343,002 |
$353,292 |
$363,891 |
$374,808 |
$386,052 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,990 |
$10,290 |
$10,599 |
$10,917 |
$11,244 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,137 |
$2,201 |
$2,267 |
$2,335 |
$2,405 |
| 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 |
$2,137 |
$2,201 |
$2,267 |
$2,335 |
$2,405 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$64 |
$66 |
$68 |
$70 |
$72 |
| Monthly Gross Operating Income |
$2,073 |
$2,135 |
$2,199 |
$2,265 |
$2,333 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,641 |
$26,410 |
$27,203 |
$28,019 |
$28,859 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,641 |
$26,410 |
$27,203 |
$28,019 |
$28,859 |
| Annual Vacancy Dollar |
$769 |
$792 |
$816 |
$841 |
$866 |
| Annual Gross Operating Income |
$24,872 |
$25,618 |
$26,386 |
$27,178 |
$27,993 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.383% |
1.383% |
1.383% |
1.383% |
1.383% |
| Property Taxes Dollar |
$4,606 |
$4,744 |
$4,886 |
$5,033 |
$5,184 |
| Insurance Percent |
0.314% |
0.314% |
0.314% |
0.314% |
0.314% |
| Insurance Dollar |
$1,046 |
$1,077 |
$1,109 |
$1,143 |
$1,177 |
| 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 |
$2,487 |
$2,562 |
$2,639 |
$2,718 |
$2,799 |
| 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 |
$8,138 |
$8,383 |
$8,634 |
$8,893 |
$9,160 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,733 |
$17,235 |
$17,752 |
$18,285 |
$18,834 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$23,995 |
$23,995 |
$23,995 |
$23,995 |
$23,995 |
| Principal |
$3,536 |
$3,773 |
$4,026 |
$4,295 |
$4,583 |
| Interest |
$20,459 |
$20,223 |
$19,970 |
$19,700 |
$19,413 |
| Loan Balance at End of Year |
$312,825 |
$309,052 |
$305,027 |
$300,732 |
$296,149 |
| 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 |
$2,689 |
$2,689 |
$2,689 |
$2,689 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$30,177 |
$44,240 |
$58,864 |
$74,076 |
$89,903 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$9,951 |
-$9,449 |
-$8,932 |
-$8,399 |
-$5,162 |
| Monhtly Cash Flow |
-$829 |
-$787 |
-$744 |
-$700 |
-$430 |
| Cash on Cash Return on Investment |
-0.124% |
-0.117% |
-0.111% |
-0.104% |
-0.064% |
| 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 |