Billings Deal Analysis
Let's look at deal analysis for Billings, MT 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 Billings, Montana Nomad™ Property with 10% Higher Rents
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Typical Billings, Montana 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
|
|
$305,930
|
|
Purchase Price
|
|
$305,930
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$15,297
|
|
Closing Costs
|
1.000%
|
$3,059
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$34,722
|
|
Total Invested
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$53,078
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|
Mortgage
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|
Mortgage Amount
|
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$290,633.50
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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%
|
$205.87
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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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|
$2,108
$2107.88
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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%
|
$759
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Property Taxes
|
0.965%
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$2,952
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Property Insurance
|
0.690%
|
$2,111
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$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%
|
$45,890
|
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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 |
$315,108 |
$324,561 |
$334,298 |
$344,327 |
$354,657 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,178 |
$9,453 |
$9,737 |
$10,029 |
$10,330 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,108 |
$2,171 |
$2,236 |
$2,303 |
$2,372 |
| 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 |
$2,108 |
$2,171 |
$2,236 |
$2,303 |
$2,372 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$63 |
$65 |
$67 |
$69 |
$71 |
| Monthly Gross Operating Income |
$2,045 |
$2,106 |
$2,169 |
$2,234 |
$2,301 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,295 |
$26,053 |
$26,835 |
$27,640 |
$28,469 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,295 |
$26,053 |
$26,835 |
$27,640 |
$28,469 |
| Annual Vacancy Dollar |
$759 |
$782 |
$805 |
$829 |
$854 |
| Annual Gross Operating Income |
$24,536 |
$25,272 |
$26,030 |
$26,811 |
$27,615 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.965% |
0.965% |
0.965% |
0.965% |
0.965% |
| Property Taxes Dollar |
$2,952 |
$3,041 |
$3,132 |
$3,226 |
$3,323 |
| Insurance Percent |
0.690% |
0.690% |
0.690% |
0.690% |
0.690% |
| Insurance Dollar |
$2,111 |
$2,174 |
$2,239 |
$2,307 |
$2,376 |
| 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 |
$2,454 |
$2,527 |
$2,603 |
$2,681 |
$2,762 |
| 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 |
$7,517 |
$7,742 |
$7,974 |
$8,214 |
$8,460 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$17,019 |
$17,530 |
$18,055 |
$18,597 |
$19,155 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$22,044 |
$22,044 |
$22,044 |
$22,044 |
$22,044 |
| Principal |
$3,248 |
$3,466 |
$3,698 |
$3,946 |
$4,210 |
| Interest |
$18,796 |
$18,578 |
$18,346 |
$18,098 |
$17,834 |
| Loan Balance at End of Year |
$287,385 |
$283,919 |
$280,221 |
$276,275 |
$272,065 |
| 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 |
$2,470 |
$2,470 |
$2,470 |
$2,470 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$27,723 |
$40,642 |
$54,077 |
$68,052 |
$82,592 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,495 |
-$6,985 |
-$6,459 |
-$5,917 |
-$2,889 |
| Monhtly Cash Flow |
-$625 |
-$582 |
-$538 |
-$493 |
-$241 |
| Cash on Cash Return on Investment |
-0.141% |
-0.132% |
-0.122% |
-0.111% |
-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 |