Norfolk Deal Analysis

Let's look at deal analysis for Norfolk, VA 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 Norfolk, Virginia Nomad™ Property with 10% Higher Rents

Typical Norfolk, Virginia Nomad™ Property with 10% Higher Rents
Purchase Inputs
	Percents	Dollars/#
ARV		$242,426
Purchase Price		$242,426
Seller Concessions	—	$0
Down Payment	5.000%	$12,121
Closing Costs	1.000%	$2,424
Rent Ready Costs		$0
Cumulative Negative Cash Flow		$0
Total Invested		$14,546
Mortgage
Mortgage Amount		$230,304.70
Mortgage Interest Rate	6.500%
Loan Term		360
Private Mortgage Insurance	0.850%	$163.13
Drop PMI LTV	80.000%
Income
Monthly Rent		$2,310 $2310.00
Other Income		$0
Annual Expenses
Vacancy Rate	3.000%	$832
Property Taxes	1.109%	$2,689
Property Insurance	0.367%	$890
HOA Dues		$0
Utilities		$0
Other Expenses 1		$0
Other Expenses 2		$0
Maintenance	10.000%
CapEx		$0
Management	0.000%
Depreciation Details
Land Value	15.000%	$36,364
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	$249,699	$257,190	$264,905	$272,853	$281,038
Appreciation Rate	3.000%	3.000%	3.000%	3.000%	3.000%
Appreciation Dollar	$7,273	$7,491	$7,716	$7,947	$8,186
Monthly Income	1	2	3	4	5
Rent Appreciation Rate		3.000%	3.000%	3.000%	3.000%
Monthly Rent	$2,310	$2,379	$2,451	$2,524	$2,600
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	$2,310	$2,379	$2,451	$2,524	$2,600
Vacancy Percent	3.000%	3.000%	3.000%	3.000%	3.000%
Monthly Vacancy Dollar	$69	$71	$74	$76	$78
Monthly Gross Operating Income	$2,241	$2,308	$2,377	$2,448	$2,522
Annual Income	1	2	3	4	5
Annual Rent	$27,720	$28,552	$29,408	$30,290	$31,199
Annual Other Income	$0	$0	$0	$0	$0
Annual Gross Potential Income	$27,720	$28,552	$29,408	$30,290	$31,199
Annual Vacancy Dollar	$832	$857	$882	$909	$936
Annual Gross Operating Income	$26,888	$27,695	$28,526	$29,382	$30,263
Annual Expenses	1	2	3	4	5
Property Taxes Percent	1.109%	1.109%	1.109%	1.109%	1.109%
Property Taxes Dollar	$2,689	$2,769	$2,852	$2,938	$3,026
Insurance Percent	0.367%	0.367%	0.367%	0.367%	0.367%
Insurance Dollar	$890	$916	$944	$972	$1,001
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	$2,689	$2,770	$2,853	$2,938	$3,026
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	$6,267	$6,455	$6,649	$6,848	$7,054
Net Operating Income	1	2	3	4	5
Net Operating Income (NOI)	$20,621	$21,240	$21,877	$22,534	$23,210
Mortgage	1	2	3	4	5
Total Annual P&I Payments	$17,468	$17,468	$17,468	$17,468	$17,468
Principal	$2,574	$2,747	$2,930	$3,127	$3,336
Interest	$14,894	$14,722	$14,538	$14,341	$14,132
Loan Balance at End of Year	$227,731	$224,984	$222,054	$218,927	$215,591
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	$1,958	$1,958	$1,958	$1,958	$0
Equity	1	2	3	4	5
ARV - Loan Balance at End of Year	$21,968	$32,206	$42,852	$53,926	$65,448
Cash Flow	1	2	3	4	5
Annual Cash Flow	$1,196	$1,814	$2,451	$3,108	$5,741
Monhtly Cash Flow	$100	$151	$204	$259	$478
Cash on Cash Return on Investment	0.082%	0.125%	0.169%	0.214%	0.395%
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