Jersey City Deal Analysis
Let's look at deal analysis for Jersey City, NJ 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 Jersey City, New Jersey Nomad™ Property with 10% Higher Rents
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Typical Jersey City, New Jersey 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/#
|
|
ARV
|
|
$544,370
|
|
Purchase Price
|
|
$544,370
|
|
Seller Concessions
|
—
|
$0
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|
Down Payment
|
5.000%
|
$27,219
|
|
Closing Costs
|
1.000%
|
$5,444
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|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$32,662
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Mortgage
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|
Mortgage Amount
|
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$517,151.50
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
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|
360
|
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Private Mortgage Insurance
|
0.850%
|
$366.32
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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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|
$6,701
$6701.31
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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%
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$2,412
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Property Taxes
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2.081%
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$11,328
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Property Insurance
|
0.195%
|
$1,062
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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%
|
$81,656
|
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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 |
$560,701 |
$577,522 |
$594,848 |
$612,693 |
$631,074 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$16,331 |
$16,821 |
$17,326 |
$17,845 |
$18,381 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$6,701 |
$6,902 |
$7,109 |
$7,323 |
$7,542 |
| 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 |
$6,701 |
$6,902 |
$7,109 |
$7,323 |
$7,542 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$201 |
$207 |
$213 |
$220 |
$226 |
| Monthly Gross Operating Income |
$6,500 |
$6,695 |
$6,896 |
$7,103 |
$7,316 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$80,416 |
$82,828 |
$85,313 |
$87,872 |
$90,509 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$80,416 |
$82,828 |
$85,313 |
$87,872 |
$90,509 |
| Annual Vacancy Dollar |
$2,412 |
$2,485 |
$2,559 |
$2,636 |
$2,715 |
| Annual Gross Operating Income |
$78,003 |
$80,343 |
$82,754 |
$85,236 |
$87,793 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.081% |
2.081% |
2.081% |
2.081% |
2.081% |
| Property Taxes Dollar |
$11,328 |
$11,668 |
$12,018 |
$12,379 |
$12,750 |
| Insurance Percent |
0.195% |
0.195% |
0.195% |
0.195% |
0.195% |
| Insurance Dollar |
$1,062 |
$1,093 |
$1,126 |
$1,160 |
$1,195 |
| 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 |
$7,800 |
$8,034 |
$8,275 |
$8,524 |
$8,779 |
| 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 |
$20,190 |
$20,796 |
$21,420 |
$22,062 |
$22,724 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$57,813 |
$59,547 |
$61,334 |
$63,174 |
$65,069 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$39,225 |
$39,225 |
$39,225 |
$39,225 |
$39,225 |
| Principal |
$5,780 |
$6,167 |
$6,581 |
$7,021 |
$7,491 |
| Interest |
$33,445 |
$33,058 |
$32,644 |
$32,204 |
$31,734 |
| Loan Balance at End of Year |
$511,371 |
$505,204 |
$498,623 |
$491,602 |
$484,111 |
| 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 |
$4,396 |
$4,396 |
$4,396 |
$4,396 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$49,330 |
$72,318 |
$96,225 |
$121,091 |
$146,964 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$14,192 |
$15,927 |
$17,713 |
$19,553 |
$25,844 |
| Monhtly Cash Flow |
$1,183 |
$1,327 |
$1,476 |
$1,629 |
$2,154 |
| Cash on Cash Return on Investment |
0.435% |
0.488% |
0.542% |
0.599% |
0.791% |
| 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 |