Grand Prairie Deal Analysis
Let's look at deal analysis for Grand Prairie, TX 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 Grand Prairie, Texas Nomad™ Property with 10% Higher Rents
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Typical Grand Prairie, Texas 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
|
|
$285,136
|
|
Purchase Price
|
|
$285,136
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$14,257
|
|
Closing Costs
|
1.000%
|
$2,851
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$46,387
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|
Total Invested
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$63,495
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Mortgage
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|
Mortgage Amount
|
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$270,879.20
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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%
|
$191.87
|
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Drop PMI LTV
|
80.000%
|
|
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Income
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Monthly Rent
|
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$2,426
$2425.50
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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%
|
$873
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Property Taxes
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2.336%
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$6,661
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Property Insurance
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1.419%
|
$4,046
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|
HOA Dues
|
|
$0
|
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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
|
0.000%
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|
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Depreciation Details
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Land Value
|
15.000%
|
$42,770
|
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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 |
$293,690 |
$302,501 |
$311,576 |
$320,923 |
$330,551 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,554 |
$8,811 |
$9,075 |
$9,347 |
$9,628 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,426 |
$2,498 |
$2,573 |
$2,650 |
$2,730 |
| 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 |
$2,426 |
$2,498 |
$2,573 |
$2,650 |
$2,730 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$73 |
$75 |
$77 |
$80 |
$82 |
| Monthly Gross Operating Income |
$2,353 |
$2,423 |
$2,496 |
$2,571 |
$2,648 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$29,106 |
$29,979 |
$30,879 |
$31,805 |
$32,759 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$29,106 |
$29,979 |
$30,879 |
$31,805 |
$32,759 |
| Annual Vacancy Dollar |
$873 |
$899 |
$926 |
$954 |
$983 |
| Annual Gross Operating Income |
$28,233 |
$29,080 |
$29,952 |
$30,851 |
$31,776 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.336% |
2.336% |
2.336% |
2.336% |
2.336% |
| Property Taxes Dollar |
$6,661 |
$6,861 |
$7,066 |
$7,278 |
$7,497 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$4,046 |
$4,167 |
$4,292 |
$4,421 |
$4,554 |
| 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 |
$2,823 |
$2,908 |
$2,995 |
$3,085 |
$3,178 |
| 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 |
$13,530 |
$13,936 |
$14,354 |
$14,785 |
$15,228 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$14,703 |
$15,144 |
$15,598 |
$16,066 |
$16,548 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$20,546 |
$20,546 |
$20,546 |
$20,546 |
$20,546 |
| Principal |
$3,028 |
$3,230 |
$3,447 |
$3,678 |
$3,924 |
| Interest |
$17,518 |
$17,315 |
$17,099 |
$16,868 |
$16,622 |
| Loan Balance at End of Year |
$267,852 |
$264,621 |
$261,174 |
$257,497 |
$253,573 |
| 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 |
$2,302 |
$2,302 |
$2,302 |
$2,302 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$25,839 |
$37,880 |
$50,402 |
$63,426 |
$76,978 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$8,145 |
-$7,704 |
-$7,250 |
-$6,782 |
-$3,998 |
| Monhtly Cash Flow |
-$679 |
-$642 |
-$604 |
-$565 |
-$333 |
| Cash on Cash Return on Investment |
-0.128% |
-0.121% |
-0.114% |
-0.107% |
-0.063% |
| 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 |