Wilmington Deal Analysis
Let's look at deal analysis for Wilmington, 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 Wilmington, North Carolina Nomad™ Property with 10% Higher Rents
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Typical Wilmington, North Carolina 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
|
|
$324,874
|
|
Purchase Price
|
|
$324,874
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,244
|
|
Closing Costs
|
1.000%
|
$3,249
|
|
Rent Ready Costs
|
|
$0
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|
Cumulative Negative Cash Flow
|
|
$2,004
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|
Total Invested
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$21,497
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Mortgage
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|
Mortgage Amount
|
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$308,630.30
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
|
|
360
|
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Private Mortgage Insurance
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0.850%
|
$218.61
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|
Drop PMI LTV
|
80.000%
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|
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Income
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Monthly Rent
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|
$2,772
$2772.00
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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%
|
$998
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Property Taxes
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0.891%
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$2,895
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|
Property Insurance
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0.484%
|
$1,572
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|
HOA Dues
|
|
$0
|
|
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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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%
|
$48,731
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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 |
$334,620 |
$344,659 |
$354,999 |
$365,649 |
$376,618 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,746 |
$10,039 |
$10,340 |
$10,650 |
$10,969 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,772 |
$2,855 |
$2,941 |
$3,029 |
$3,120 |
| 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 |
$2,772 |
$2,855 |
$2,941 |
$3,029 |
$3,120 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$83 |
$86 |
$88 |
$91 |
$94 |
| Monthly Gross Operating Income |
$2,689 |
$2,770 |
$2,853 |
$2,938 |
$3,026 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,264 |
$34,262 |
$35,290 |
$36,348 |
$37,439 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,264 |
$34,262 |
$35,290 |
$36,348 |
$37,439 |
| Annual Vacancy Dollar |
$998 |
$1,028 |
$1,059 |
$1,090 |
$1,123 |
| Annual Gross Operating Income |
$32,266 |
$33,234 |
$34,231 |
$35,258 |
$36,316 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.891% |
0.891% |
0.891% |
0.891% |
0.891% |
| Property Taxes Dollar |
$2,895 |
$2,981 |
$3,071 |
$3,163 |
$3,258 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,572 |
$1,620 |
$1,668 |
$1,718 |
$1,770 |
| 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 |
$3,227 |
$3,323 |
$3,423 |
$3,526 |
$3,632 |
| 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 |
$7,694 |
$7,924 |
$8,162 |
$8,407 |
$8,659 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,572 |
$25,310 |
$26,069 |
$26,851 |
$27,657 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$23,409 |
$23,409 |
$23,409 |
$23,409 |
$23,409 |
| Principal |
$3,450 |
$3,681 |
$3,927 |
$4,190 |
$4,471 |
| Interest |
$19,959 |
$19,728 |
$19,482 |
$19,219 |
$18,938 |
| Loan Balance at End of Year |
$305,181 |
$301,500 |
$297,573 |
$293,383 |
$288,912 |
| 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 |
$2,623 |
$2,623 |
$2,623 |
$2,623 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$29,440 |
$43,159 |
$57,426 |
$72,266 |
$87,706 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,460 |
-$723 |
$37 |
$819 |
$4,248 |
| Monhtly Cash Flow |
-$122 |
-$60 |
$3 |
$68 |
$354 |
| Cash on Cash Return on Investment |
-0.068% |
-0.034% |
0.002% |
0.038% |
0.198% |
| 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 |