Portland Deal Analysis
Let's look at deal analysis for Portland, ME 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 Portland, Maine Nomad™ Property with 10% Higher Rents
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Typical Portland, Maine Nomad™ Property with 10% Higher Rents
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|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$448,204
|
|
Purchase Price
|
|
$448,204
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$22,410
|
|
Closing Costs
|
1.000%
|
$4,482
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$25,382
|
|
Total Invested
|
|
$52,274
|
|
Mortgage
|
|
Mortgage Amount
|
|
$425,793.80
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$301.60
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,465
$3465.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,247
|
|
Property Taxes
|
1.000%
|
$4,482
|
|
Property Insurance
|
0.800%
|
$3,586
|
|
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%
|
$67,231
|
|
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 |
$461,650 |
$475,500 |
$489,765 |
$504,458 |
$519,591 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,446 |
$13,850 |
$14,265 |
$14,693 |
$15,134 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,465 |
$3,569 |
$3,676 |
$3,786 |
$3,900 |
| 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 |
$3,465 |
$3,569 |
$3,676 |
$3,786 |
$3,900 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$104 |
$107 |
$110 |
$114 |
$117 |
| Monthly Gross Operating Income |
$3,361 |
$3,462 |
$3,566 |
$3,673 |
$3,783 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$41,580 |
$42,827 |
$44,112 |
$45,436 |
$46,799 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$41,580 |
$42,827 |
$44,112 |
$45,436 |
$46,799 |
| Annual Vacancy Dollar |
$1,247 |
$1,285 |
$1,323 |
$1,363 |
$1,404 |
| Annual Gross Operating Income |
$40,333 |
$41,543 |
$42,789 |
$44,073 |
$45,395 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$4,482 |
$4,617 |
$4,755 |
$4,898 |
$5,045 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$3,586 |
$3,693 |
$3,804 |
$3,918 |
$4,036 |
| 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 |
$4,033 |
$4,154 |
$4,279 |
$4,407 |
$4,539 |
| 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 |
$12,101 |
$12,464 |
$12,838 |
$13,223 |
$13,620 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$28,232 |
$29,079 |
$29,951 |
$30,850 |
$31,775 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$32,296 |
$32,296 |
$32,296 |
$32,296 |
$32,296 |
| Principal |
$4,759 |
$5,078 |
$5,418 |
$5,781 |
$6,168 |
| Interest |
$27,536 |
$27,218 |
$26,878 |
$26,515 |
$26,128 |
| Loan Balance at End of Year |
$421,035 |
$415,957 |
$410,538 |
$404,758 |
$398,589 |
| 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 |
$3,619 |
$3,619 |
$3,619 |
$3,619 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$40,616 |
$59,543 |
$79,226 |
$99,700 |
$121,002 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,683 |
-$6,836 |
-$5,964 |
-$5,065 |
-$521 |
| Monhtly Cash Flow |
-$640 |
-$570 |
-$497 |
-$422 |
-$43 |
| Cash on Cash Return on Investment |
-0.147% |
-0.131% |
-0.114% |
-0.097% |
-0.010% |
| 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 |