Aurora Deal Analysis
Let's look at deal analysis for Aurora, CO 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 Aurora, Colorado Nomad™ Property with 10% Higher Rents
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Typical Aurora, Colorado Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$482,727
|
|
Purchase Price
|
|
$482,727
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$24,136
|
|
Closing Costs
|
1.000%
|
$4,827
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$75,707
|
|
Total Invested
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|
$104,671
|
|
Mortgage
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|
Mortgage Amount
|
|
$458,590.65
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|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$324.84
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,882
$2881.73
|
|
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%
|
$1,037
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Property Taxes
|
0.548%
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$2,645
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|
Property Insurance
|
0.508%
|
$2,452
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
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Maintenance
|
10.000%
|
|
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CapEx
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$72,409
|
|
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 |
$497,209 |
$512,125 |
$527,489 |
$543,313 |
$559,613 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$14,482 |
$14,916 |
$15,364 |
$15,825 |
$16,299 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,882 |
$2,968 |
$3,057 |
$3,149 |
$3,243 |
| 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 |
$2,882 |
$2,968 |
$3,057 |
$3,149 |
$3,243 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$86 |
$89 |
$92 |
$94 |
$97 |
| Monthly Gross Operating Income |
$2,795 |
$2,879 |
$2,966 |
$3,054 |
$3,146 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$34,581 |
$35,618 |
$36,687 |
$37,787 |
$38,921 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$34,581 |
$35,618 |
$36,687 |
$37,787 |
$38,921 |
| Annual Vacancy Dollar |
$1,037 |
$1,069 |
$1,101 |
$1,134 |
$1,168 |
| Annual Gross Operating Income |
$33,543 |
$34,550 |
$35,586 |
$36,654 |
$37,753 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.548% |
0.548% |
0.548% |
0.548% |
0.548% |
| Property Taxes Dollar |
$2,645 |
$2,725 |
$2,806 |
$2,891 |
$2,977 |
| Insurance Percent |
0.508% |
0.508% |
0.508% |
0.508% |
0.508% |
| Insurance Dollar |
$2,452 |
$2,526 |
$2,602 |
$2,680 |
$2,760 |
| 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 |
$3,354 |
$3,455 |
$3,559 |
$3,665 |
$3,775 |
| 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 |
$8,452 |
$8,705 |
$8,967 |
$9,236 |
$9,513 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$25,091 |
$25,844 |
$26,619 |
$27,418 |
$28,241 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$34,783 |
$34,783 |
$34,783 |
$34,783 |
$34,783 |
| Principal |
$5,126 |
$5,469 |
$5,835 |
$6,226 |
$6,643 |
| Interest |
$29,657 |
$29,314 |
$28,948 |
$28,557 |
$28,140 |
| Loan Balance at End of Year |
$453,465 |
$447,996 |
$442,161 |
$435,935 |
$429,292 |
| 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 |
$3,898 |
$3,898 |
$3,898 |
$3,898 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$43,744 |
$64,129 |
$85,328 |
$107,379 |
$130,321 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$13,590 |
-$12,837 |
-$12,062 |
-$11,263 |
-$6,543 |
| Monhtly Cash Flow |
-$1,132 |
-$1,070 |
-$1,005 |
-$939 |
-$545 |
| Cash on Cash Return on Investment |
-0.130% |
-0.123% |
-0.115% |
-0.108% |
-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 |