High Point Deal Analysis
Let's look at deal analysis for High Point, NC 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 High Point, North Carolina Nomad™ Property with 10% Higher Rents
|
Typical High Point, North Carolina Nomad™ Property with 10% Higher Rents
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$193,500
|
|
Purchase Price
|
|
$193,500
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$9,675
|
|
Closing Costs
|
1.000%
|
$1,935
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$11,610
|
|
Mortgage
|
|
Mortgage Amount
|
|
$183,825
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$130.21
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,912
$1911.53
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$688
|
|
Property Taxes
|
1.292%
|
$2,500
|
|
Property Insurance
|
0.484%
|
$937
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
|
|
Land Value
|
15.000%
|
$29,025
|
|
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 |
$199,305 |
$205,284 |
$211,443 |
$217,786 |
$224,320 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,805 |
$5,979 |
$6,159 |
$6,343 |
$6,534 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,912 |
$1,969 |
$2,028 |
$2,089 |
$2,151 |
| 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 |
$1,912 |
$1,969 |
$2,028 |
$2,089 |
$2,151 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$57 |
$59 |
$61 |
$63 |
$65 |
| Monthly Gross Operating Income |
$1,854 |
$1,910 |
$1,967 |
$2,026 |
$2,087 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,938 |
$23,627 |
$24,335 |
$25,065 |
$25,817 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,938 |
$23,627 |
$24,335 |
$25,065 |
$25,817 |
| Annual Vacancy Dollar |
$688 |
$709 |
$730 |
$752 |
$775 |
| Annual Gross Operating Income |
$22,250 |
$22,918 |
$23,605 |
$24,313 |
$25,043 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.292% |
1.292% |
1.292% |
1.292% |
1.292% |
| Property Taxes Dollar |
$2,500 |
$2,575 |
$2,652 |
$2,732 |
$2,814 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$937 |
$965 |
$994 |
$1,023 |
$1,054 |
| 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 |
$2,225 |
$2,292 |
$2,361 |
$2,431 |
$2,504 |
| 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 |
$5,662 |
$5,831 |
$6,006 |
$6,187 |
$6,372 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,589 |
$17,086 |
$17,599 |
$18,127 |
$18,671 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,943 |
$13,943 |
$13,943 |
$13,943 |
$13,943 |
| Principal |
$2,055 |
$2,192 |
$2,339 |
$2,496 |
$2,663 |
| Interest |
$11,888 |
$11,751 |
$11,604 |
$11,447 |
$11,280 |
| Loan Balance at End of Year |
$181,770 |
$179,578 |
$177,239 |
$174,743 |
$172,080 |
| 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 |
$1,563 |
$1,563 |
$1,563 |
$1,563 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$17,535 |
$25,706 |
$34,204 |
$43,043 |
$52,239 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$1,083 |
$1,581 |
$2,094 |
$2,622 |
$4,728 |
| Monhtly Cash Flow |
$90 |
$132 |
$174 |
$218 |
$394 |
| Cash on Cash Return on Investment |
0.093% |
0.136% |
0.180% |
0.226% |
0.407% |
| 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 |