Bridgeport Deal Analysis
Let's look at deal analysis for Bridgeport, CT 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 Bridgeport, Connecticut Nomad™ Property with 10% Higher Rents
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Typical Bridgeport, Connecticut 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
|
|
$289,346
|
|
Purchase Price
|
|
$289,346
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$14,467
|
|
Closing Costs
|
1.000%
|
$2,893
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$17,361
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|
Mortgage
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|
Mortgage Amount
|
|
$274,878.70
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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
|
0.850%
|
$194.71
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$3,459
$3459.23
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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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$1,245
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Property Taxes
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3.518%
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$10,179
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Property Insurance
|
0.278%
|
$804
|
|
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
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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
|
15.000%
|
$43,402
|
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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 |
$298,026 |
$306,967 |
$316,176 |
$325,661 |
$335,431 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,680 |
$8,941 |
$9,209 |
$9,485 |
$9,770 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,459 |
$3,563 |
$3,670 |
$3,780 |
$3,893 |
| 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 |
$3,459 |
$3,563 |
$3,670 |
$3,780 |
$3,893 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$104 |
$107 |
$110 |
$113 |
$117 |
| Monthly Gross Operating Income |
$3,355 |
$3,456 |
$3,560 |
$3,667 |
$3,777 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$41,511 |
$42,756 |
$44,039 |
$45,360 |
$46,721 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$41,511 |
$42,756 |
$44,039 |
$45,360 |
$46,721 |
| Annual Vacancy Dollar |
$1,245 |
$1,283 |
$1,321 |
$1,361 |
$1,402 |
| Annual Gross Operating Income |
$40,265 |
$41,473 |
$42,718 |
$43,999 |
$45,319 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.518% |
3.518% |
3.518% |
3.518% |
3.518% |
| Property Taxes Dollar |
$10,179 |
$10,485 |
$10,799 |
$11,123 |
$11,457 |
| Insurance Percent |
0.278% |
0.278% |
0.278% |
0.278% |
0.278% |
| Insurance Dollar |
$804 |
$829 |
$853 |
$879 |
$905 |
| 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 |
$4,027 |
$4,147 |
$4,272 |
$4,400 |
$4,532 |
| 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 |
$15,010 |
$15,460 |
$15,924 |
$16,402 |
$16,894 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$25,255 |
$26,013 |
$26,793 |
$27,597 |
$28,425 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$20,849 |
$20,849 |
$20,849 |
$20,849 |
$20,849 |
| Principal |
$3,072 |
$3,278 |
$3,498 |
$3,732 |
$3,982 |
| Interest |
$17,777 |
$17,571 |
$17,351 |
$17,117 |
$16,867 |
| Loan Balance at End of Year |
$271,806 |
$268,528 |
$265,030 |
$261,299 |
$257,317 |
| 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 |
$2,336 |
$2,336 |
$2,336 |
$2,336 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$26,220 |
$38,439 |
$51,146 |
$64,363 |
$78,115 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$2,070 |
$2,827 |
$3,608 |
$4,412 |
$7,576 |
| Monhtly Cash Flow |
$172 |
$236 |
$301 |
$368 |
$631 |
| Cash on Cash Return on Investment |
0.119% |
0.163% |
0.208% |
0.254% |
0.436% |
| 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 |