Lubbock Deal Analysis
Let's look at deal analysis for Lubbock, 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 Lubbock, Texas Nomad™ Property with 10% Higher Rents
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Typical Lubbock, 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/#
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|
ARV
|
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$178,948
|
|
Purchase Price
|
|
$178,948
|
|
Seller Concessions
|
—
|
$0
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|
Down Payment
|
5.000%
|
$8,947
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|
Closing Costs
|
1.000%
|
$1,789
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|
Rent Ready Costs
|
|
$0
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|
Cumulative Negative Cash Flow
|
|
$2,601
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Total Invested
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$13,337
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Mortgage
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Mortgage Amount
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$170,000.60
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Mortgage Interest Rate
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6.500%
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Loan Term
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|
360
|
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Private Mortgage Insurance
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0.850%
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$120.42
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Drop PMI LTV
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80.000%
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|
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Income
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Monthly Rent
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$1,848
$1848.00
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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%
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$665
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Property Taxes
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2.118%
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$3,790
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Property Insurance
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1.419%
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$2,539
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HOA Dues
|
|
$0
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Utilities
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|
$0
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|
Other Expenses 1
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|
$0
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Other Expenses 2
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|
$0
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Maintenance
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10.000%
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|
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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
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15.000%
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$26,842
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Property Type (C or R)
|
R
|
27.5
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|
Effective Income Tax Rate
|
15.000%
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|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$184,316 |
$189,846 |
$195,541 |
$201,408 |
$207,450 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,368 |
$5,529 |
$5,695 |
$5,866 |
$6,042 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,848 |
$1,903 |
$1,961 |
$2,019 |
$2,080 |
| 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 |
$1,848 |
$1,903 |
$1,961 |
$2,019 |
$2,080 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$55 |
$57 |
$59 |
$61 |
$62 |
| Monthly Gross Operating Income |
$1,793 |
$1,846 |
$1,902 |
$1,959 |
$2,018 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,176 |
$22,841 |
$23,527 |
$24,232 |
$24,959 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,176 |
$22,841 |
$23,527 |
$24,232 |
$24,959 |
| Annual Vacancy Dollar |
$665 |
$685 |
$706 |
$727 |
$749 |
| Annual Gross Operating Income |
$21,511 |
$22,156 |
$22,821 |
$23,505 |
$24,211 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.118% |
2.118% |
2.118% |
2.118% |
2.118% |
| Property Taxes Dollar |
$3,790 |
$3,904 |
$4,021 |
$4,142 |
$4,266 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$2,539 |
$2,615 |
$2,694 |
$2,775 |
$2,858 |
| 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 |
$2,151 |
$2,216 |
$2,282 |
$2,351 |
$2,421 |
| 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 |
$8,480 |
$8,735 |
$8,997 |
$9,267 |
$9,545 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,030 |
$13,421 |
$13,824 |
$14,239 |
$14,666 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,894 |
$12,894 |
$12,894 |
$12,894 |
$12,894 |
| Principal |
$1,900 |
$2,027 |
$2,163 |
$2,308 |
$2,463 |
| Interest |
$10,994 |
$10,867 |
$10,731 |
$10,586 |
$10,432 |
| Loan Balance at End of Year |
$168,100 |
$166,073 |
$163,910 |
$161,602 |
$159,139 |
| 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 |
$1,445 |
$1,445 |
$1,445 |
$1,445 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$16,216 |
$23,773 |
$31,631 |
$39,806 |
$48,311 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,309 |
-$918 |
-$515 |
-$101 |
$1,771 |
| Monhtly Cash Flow |
-$109 |
-$77 |
-$43 |
-$8 |
$148 |
| Cash on Cash Return on Investment |
-0.098% |
-0.069% |
-0.039% |
-0.008% |
0.133% |
| 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 |