Colorado Springs Deal Analysis
Let's look at deal analysis for Colorado Springs, 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 Colorado Springs, Colorado Nomad™ Property with 10% Higher Rents
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Typical Colorado Springs, Colorado 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
|
|
$435,312
|
|
Purchase Price
|
|
$435,312
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$21,766
|
|
Closing Costs
|
1.000%
|
$4,353
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$64,868
|
|
Total Invested
|
|
$90,987
|
|
Mortgage
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|
Mortgage Amount
|
|
$413,546.40
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$292.93
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,596
$2596.44
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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%
|
$935
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Property Taxes
|
0.482%
|
$2,098
|
|
Property Insurance
|
0.508%
|
$2,211
|
|
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%
|
$65,297
|
|
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 |
$448,371 |
$461,823 |
$475,677 |
$489,947 |
$504,646 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,059 |
$13,451 |
$13,855 |
$14,270 |
$14,698 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,596 |
$2,674 |
$2,755 |
$2,837 |
$2,922 |
| 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 |
$2,596 |
$2,674 |
$2,755 |
$2,837 |
$2,922 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$78 |
$80 |
$83 |
$85 |
$88 |
| Monthly Gross Operating Income |
$2,519 |
$2,594 |
$2,672 |
$2,752 |
$2,835 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$31,157 |
$32,092 |
$33,055 |
$34,046 |
$35,068 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$31,157 |
$32,092 |
$33,055 |
$34,046 |
$35,068 |
| Annual Vacancy Dollar |
$935 |
$963 |
$992 |
$1,021 |
$1,052 |
| Annual Gross Operating Income |
$30,223 |
$31,129 |
$32,063 |
$33,025 |
$34,016 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.482% |
0.482% |
0.482% |
0.482% |
0.482% |
| Property Taxes Dollar |
$2,098 |
$2,161 |
$2,226 |
$2,293 |
$2,362 |
| Insurance Percent |
0.508% |
0.508% |
0.508% |
0.508% |
0.508% |
| Insurance Dollar |
$2,211 |
$2,278 |
$2,346 |
$2,416 |
$2,489 |
| 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 |
$3,022 |
$3,113 |
$3,206 |
$3,303 |
$3,402 |
| 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 |
$7,332 |
$7,552 |
$7,778 |
$8,012 |
$8,252 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$22,891 |
$23,577 |
$24,285 |
$25,013 |
$25,764 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$31,367 |
$31,367 |
$31,367 |
$31,367 |
$31,367 |
| Principal |
$4,622 |
$4,932 |
$5,262 |
$5,615 |
$5,991 |
| Interest |
$26,744 |
$26,435 |
$26,105 |
$25,752 |
$25,376 |
| Loan Balance at End of Year |
$408,924 |
$403,992 |
$398,730 |
$393,116 |
$387,125 |
| 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 |
$3,515 |
$3,515 |
$3,515 |
$3,515 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$39,447 |
$57,830 |
$76,947 |
$96,832 |
$117,521 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$11,991 |
-$11,304 |
-$10,597 |
-$9,869 |
-$5,603 |
| Monhtly Cash Flow |
-$999 |
-$942 |
-$883 |
-$822 |
-$467 |
| Cash on Cash Return on Investment |
-0.132% |
-0.124% |
-0.116% |
-0.108% |
-0.062% |
| 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 |