Corona Deal Analysis
Let's look at deal analysis for Corona, CA 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 Corona, California Nomad™ Property with 10% Higher Rents
Typical Corona, California Nomad™ Property with 10% Higher Rents
|
Purchase Inputs
|
|
Percents
|
Dollars/#
|
ARV
|
|
$684,266
|
Purchase Price
|
|
$684,266
|
Seller Concessions
|
—
|
$0
|
Down Payment
|
5.000%
|
$34,213
|
Closing Costs
|
1.000%
|
$6,843
|
Rent Ready Costs
|
|
$0
|
Cumulative Negative Cash Flow
|
|
$113,578
|
Total Invested
|
|
$154,634
|
Mortgage
|
Mortgage Amount
|
|
$650,052.70
|
Mortgage Interest Rate
|
6.500%
|
|
Loan Term
|
|
360
|
Private Mortgage Insurance
|
0.850%
|
$460.45
|
Drop PMI LTV
|
80.000%
|
|
Income
|
Monthly Rent
|
|
$4,043
$4042.50
|
Other Income
|
|
$0
|
Annual Expenses
|
Vacancy Rate
|
3.000%
|
$1,455
|
Property Taxes
|
0.883%
|
$6,042
|
Property Insurance
|
0.173%
|
$1,184
|
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%
|
$102,640
|
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 |
$704,794 |
$725,938 |
$747,716 |
$770,147 |
$793,252 |
Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Appreciation Dollar |
$20,528 |
$21,144 |
$21,778 |
$22,431 |
$23,104 |
Monthly Income |
1 |
2 |
3 |
4 |
5 |
Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Rent |
$4,043 |
$4,164 |
$4,289 |
$4,417 |
$4,550 |
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 |
$4,043 |
$4,164 |
$4,289 |
$4,417 |
$4,550 |
Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Vacancy Dollar |
$121 |
$125 |
$129 |
$133 |
$136 |
Monthly Gross Operating Income |
$3,921 |
$4,039 |
$4,160 |
$4,285 |
$4,413 |
Annual Income |
1 |
2 |
3 |
4 |
5 |
Annual Rent |
$48,510 |
$49,965 |
$51,464 |
$53,008 |
$54,598 |
Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
Annual Gross Potential Income |
$48,510 |
$49,965 |
$51,464 |
$53,008 |
$54,598 |
Annual Vacancy Dollar |
$1,455 |
$1,499 |
$1,544 |
$1,590 |
$1,638 |
Annual Gross Operating Income |
$47,055 |
$48,466 |
$49,920 |
$51,418 |
$52,960 |
Annual Expenses |
1 |
2 |
3 |
4 |
5 |
Property Taxes Percent |
0.883% |
0.883% |
0.883% |
0.883% |
0.883% |
Property Taxes Dollar |
$6,042 |
$6,223 |
$6,410 |
$6,602 |
$6,800 |
Insurance Percent |
0.173% |
0.173% |
0.173% |
0.173% |
0.173% |
Insurance Dollar |
$1,184 |
$1,219 |
$1,256 |
$1,294 |
$1,332 |
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 |
$4,705 |
$4,847 |
$4,992 |
$5,142 |
$5,296 |
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 |
$11,931 |
$12,289 |
$12,658 |
$13,038 |
$13,429 |
Net Operating Income |
1 |
2 |
3 |
4 |
5 |
Net Operating Income (NOI) |
$35,123 |
$36,177 |
$37,262 |
$38,380 |
$39,532 |
Mortgage |
1 |
2 |
3 |
4 |
5 |
Total Annual P&I Payments |
$49,305 |
$49,305 |
$49,305 |
$49,305 |
$49,305 |
Principal |
$7,266 |
$7,752 |
$8,272 |
$8,826 |
$9,417 |
Interest |
$42,039 |
$41,553 |
$41,034 |
$40,480 |
$39,889 |
Loan Balance at End of Year |
$642,787 |
$635,034 |
$626,763 |
$617,937 |
$608,520 |
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 |
$5,525 |
$5,525 |
$5,525 |
$5,525 |
$0 |
Equity |
1 |
2 |
3 |
4 |
5 |
ARV - Loan Balance at End of Year |
$62,007 |
$90,903 |
$120,953 |
$152,210 |
$184,731 |
Cash Flow |
1 |
2 |
3 |
4 |
5 |
Annual Cash Flow |
-$19,707 |
-$18,654 |
-$17,568 |
-$16,451 |
-$9,774 |
Monhtly Cash Flow |
-$1,642 |
-$1,554 |
-$1,464 |
-$1,371 |
-$814 |
Cash on Cash Return on Investment |
-0.127% |
-0.121% |
-0.114% |
-0.106% |
-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 |