Toledo Deal Analysis
Let's look at deal analysis for Toledo, OH 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 Toledo, Ohio Nomad™ Property with 10% Higher Rents
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Typical Toledo, Ohio 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
|
|
$94,403
|
|
Purchase Price
|
|
$94,403
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$4,720
|
|
Closing Costs
|
1.000%
|
$944
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$5,664
|
|
Mortgage
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|
Mortgage Amount
|
|
$89,682.85
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Mortgage Interest Rate
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6.500%
|
|
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Loan Term
|
|
360
|
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Private Mortgage Insurance
|
0.850%
|
$63.53
|
|
Drop PMI LTV
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80.000%
|
|
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Income
|
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Monthly Rent
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|
$982
$981.75
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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%
|
$353
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Property Taxes
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2.181%
|
$2,059
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Property Insurance
|
0.693%
|
$654
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
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Maintenance
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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%
|
$14,160
|
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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 |
$97,235 |
$100,152 |
$103,157 |
$106,251 |
$109,439 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$2,832 |
$2,917 |
$3,005 |
$3,095 |
$3,188 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$982 |
$1,011 |
$1,042 |
$1,073 |
$1,105 |
| 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 |
$982 |
$1,011 |
$1,042 |
$1,073 |
$1,105 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$29 |
$30 |
$31 |
$32 |
$33 |
| Monthly Gross Operating Income |
$952 |
$981 |
$1,010 |
$1,041 |
$1,072 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$11,781 |
$12,134 |
$12,498 |
$12,873 |
$13,260 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$11,781 |
$12,134 |
$12,498 |
$12,873 |
$13,260 |
| Annual Vacancy Dollar |
$353 |
$364 |
$375 |
$386 |
$398 |
| Annual Gross Operating Income |
$11,428 |
$11,770 |
$12,124 |
$12,487 |
$12,862 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.181% |
2.181% |
2.181% |
2.181% |
2.181% |
| Property Taxes Dollar |
$2,059 |
$2,121 |
$2,184 |
$2,250 |
$2,317 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$654 |
$674 |
$694 |
$715 |
$736 |
| 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 |
$1,143 |
$1,177 |
$1,212 |
$1,249 |
$1,286 |
| 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 |
$3,856 |
$3,972 |
$4,091 |
$4,213 |
$4,340 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$7,572 |
$7,799 |
$8,033 |
$8,274 |
$8,522 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$6,802 |
$6,802 |
$6,802 |
$6,802 |
$6,802 |
| Principal |
$1,002 |
$1,070 |
$1,141 |
$1,218 |
$1,299 |
| Interest |
$5,800 |
$5,733 |
$5,661 |
$5,585 |
$5,503 |
| Loan Balance at End of Year |
$88,680 |
$87,611 |
$86,470 |
$85,252 |
$83,953 |
| 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 |
$762 |
$762 |
$762 |
$762 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$8,555 |
$12,541 |
$16,687 |
$20,999 |
$25,486 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$7 |
$234 |
$468 |
$709 |
$1,720 |
| Monhtly Cash Flow |
$1 |
$20 |
$39 |
$59 |
$143 |
| Cash on Cash Return on Investment |
0.001% |
0.041% |
0.083% |
0.125% |
0.304% |
| 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 |