Athens Deal Analysis
Let's look at deal analysis for Athens, GA 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 Athens, Georgia Nomad™ Property with 10% Higher Rents
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Typical Athens, Georgia Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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Percents
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Dollars/#
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|
ARV
|
|
$274,416
|
|
Purchase Price
|
|
$274,416
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$13,721
|
|
Closing Costs
|
1.000%
|
$2,744
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$1,772
|
|
Total Invested
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$18,236
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Mortgage
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|
Mortgage Amount
|
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$260,695.20
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Mortgage Interest Rate
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6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$184.66
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
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|
Monthly Rent
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|
$2,483
$2483.25
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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%
|
$894
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Property Taxes
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1.053%
|
$2,890
|
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Property Insurance
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0.878%
|
$2,409
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
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
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$41,162
|
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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 |
$282,648 |
$291,128 |
$299,862 |
$308,858 |
$318,123 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,232 |
$8,479 |
$8,734 |
$8,996 |
$9,266 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,483 |
$2,558 |
$2,634 |
$2,714 |
$2,795 |
| 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 |
$2,483 |
$2,558 |
$2,634 |
$2,714 |
$2,795 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$74 |
$77 |
$79 |
$81 |
$84 |
| Monthly Gross Operating Income |
$2,409 |
$2,481 |
$2,555 |
$2,632 |
$2,711 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$29,799 |
$30,693 |
$31,614 |
$32,562 |
$33,539 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$29,799 |
$30,693 |
$31,614 |
$32,562 |
$33,539 |
| Annual Vacancy Dollar |
$894 |
$921 |
$948 |
$977 |
$1,006 |
| Annual Gross Operating Income |
$28,905 |
$29,772 |
$30,665 |
$31,585 |
$32,533 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.053% |
1.053% |
1.053% |
1.053% |
1.053% |
| Property Taxes Dollar |
$2,890 |
$2,976 |
$3,066 |
$3,158 |
$3,252 |
| Insurance Percent |
0.878% |
0.878% |
0.878% |
0.878% |
0.878% |
| Insurance Dollar |
$2,409 |
$2,482 |
$2,556 |
$2,633 |
$2,712 |
| 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 |
$2,891 |
$2,977 |
$3,067 |
$3,159 |
$3,253 |
| 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 |
$8,189 |
$8,435 |
$8,688 |
$8,949 |
$9,217 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,716 |
$21,337 |
$21,977 |
$22,636 |
$23,316 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,773 |
$19,773 |
$19,773 |
$19,773 |
$19,773 |
| Principal |
$2,914 |
$3,109 |
$3,317 |
$3,539 |
$3,776 |
| Interest |
$16,859 |
$16,664 |
$16,456 |
$16,234 |
$15,997 |
| Loan Balance at End of Year |
$257,781 |
$254,672 |
$251,355 |
$247,816 |
$244,039 |
| 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 |
$2,216 |
$2,216 |
$2,216 |
$2,216 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$24,867 |
$36,456 |
$48,507 |
$61,042 |
$74,084 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,274 |
-$652 |
-$12 |
$647 |
$3,542 |
| Monhtly Cash Flow |
-$106 |
-$54 |
-$1 |
$54 |
$295 |
| Cash on Cash Return on Investment |
-0.070% |
-0.036% |
-0.001% |
0.035% |
0.194% |
| 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 |