New Haven Deal Analysis
Let's look at deal analysis for New Haven, 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 New Haven, Connecticut Nomad™ Property with 10% Higher Rents
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Typical New Haven, Connecticut Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$238,954
|
|
Purchase Price
|
|
$238,954
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$11,948
|
|
Closing Costs
|
1.000%
|
$2,390
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$14,337
|
|
Mortgage
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|
Mortgage Amount
|
|
$227,006.30
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$160.80
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,882
$2881.73
|
|
Other Income
|
|
$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
|
2.535%
|
$6,057
|
|
Property Insurance
|
0.478%
|
$1,142
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
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|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$35,843
|
|
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 |
$246,123 |
$253,506 |
$261,111 |
$268,945 |
$277,013 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,169 |
$7,384 |
$7,605 |
$7,833 |
$8,068 |
| 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 |
2.535% |
2.535% |
2.535% |
2.535% |
2.535% |
| Property Taxes Dollar |
$6,057 |
$6,239 |
$6,426 |
$6,619 |
$6,818 |
| Insurance Percent |
0.478% |
0.478% |
0.478% |
0.478% |
0.478% |
| Insurance Dollar |
$1,142 |
$1,176 |
$1,212 |
$1,248 |
$1,286 |
| 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 |
$10,554 |
$10,871 |
$11,197 |
$11,533 |
$11,879 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$22,989 |
$23,679 |
$24,389 |
$25,121 |
$25,875 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$17,218 |
$17,218 |
$17,218 |
$17,218 |
$17,218 |
| Principal |
$2,537 |
$2,707 |
$2,888 |
$3,082 |
$3,288 |
| Interest |
$14,681 |
$14,511 |
$14,329 |
$14,136 |
$13,930 |
| Loan Balance at End of Year |
$224,469 |
$221,762 |
$218,873 |
$215,791 |
$212,503 |
| 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 |
$1,930 |
$1,930 |
$1,930 |
$1,930 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$21,654 |
$31,744 |
$42,238 |
$53,153 |
$64,510 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$3,842 |
$4,531 |
$5,242 |
$5,974 |
$8,657 |
| Monhtly Cash Flow |
$320 |
$378 |
$437 |
$498 |
$721 |
| Cash on Cash Return on Investment |
0.268% |
0.316% |
0.366% |
0.417% |
0.604% |
| 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 |