Honolulu Deal Analysis
Let's look at deal analysis for Honolulu, HI 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 Honolulu, Hawaii Nomad™ Property with 10% Higher Rents
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Typical Honolulu, Hawaii Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$1,214,960
|
|
Purchase Price
|
|
$1,214,960
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$60,748
|
|
Closing Costs
|
1.000%
|
$12,150
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$960,796
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Total Invested
|
|
$1,033,693
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Mortgage
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|
Mortgage Amount
|
|
$1,154,212
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|
Mortgage Interest Rate
|
6.500%
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|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$817.57
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Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$3,812
$3811.50
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
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$1,372
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Property Taxes
|
0.286%
|
$3,475
|
|
Property Insurance
|
0.060%
|
$729
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
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Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
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|
Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$182,244
|
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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 |
$1,251,409 |
$1,288,951 |
$1,327,620 |
$1,367,448 |
$1,408,472 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$36,449 |
$37,542 |
$38,669 |
$39,829 |
$41,023 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,812 |
$3,926 |
$4,044 |
$4,165 |
$4,290 |
| 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 |
$3,812 |
$3,926 |
$4,044 |
$4,165 |
$4,290 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$114 |
$118 |
$121 |
$125 |
$129 |
| Monthly Gross Operating Income |
$3,697 |
$3,808 |
$3,922 |
$4,040 |
$4,161 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$45,738 |
$47,110 |
$48,523 |
$49,979 |
$51,479 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$45,738 |
$47,110 |
$48,523 |
$49,979 |
$51,479 |
| Annual Vacancy Dollar |
$1,372 |
$1,413 |
$1,456 |
$1,499 |
$1,544 |
| Annual Gross Operating Income |
$44,366 |
$45,697 |
$47,068 |
$48,480 |
$49,934 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.286% |
0.286% |
0.286% |
0.286% |
0.286% |
| Property Taxes Dollar |
$3,475 |
$3,579 |
$3,686 |
$3,797 |
$3,911 |
| Insurance Percent |
0.060% |
0.060% |
0.060% |
0.060% |
0.060% |
| Insurance Dollar |
$729 |
$751 |
$773 |
$797 |
$820 |
| 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 |
$4,437 |
$4,570 |
$4,707 |
$4,848 |
$4,993 |
| 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 |
$8,640 |
$8,900 |
$9,167 |
$9,442 |
$9,725 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$35,726 |
$36,797 |
$37,901 |
$39,038 |
$40,209 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$87,545 |
$87,545 |
$87,545 |
$87,545 |
$87,545 |
| Principal |
$12,901 |
$13,765 |
$14,687 |
$15,670 |
$16,720 |
| Interest |
$74,644 |
$73,780 |
$72,858 |
$71,874 |
$70,825 |
| Loan Balance at End of Year |
$1,141,311 |
$1,127,546 |
$1,112,860 |
$1,097,189 |
$1,080,469 |
| 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 |
$9,811 |
$9,811 |
$9,811 |
$9,811 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$110,098 |
$161,405 |
$214,760 |
$270,259 |
$328,002 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$61,630 |
-$60,558 |
-$59,454 |
-$58,317 |
-$47,335 |
| Monhtly Cash Flow |
-$5,136 |
-$5,047 |
-$4,955 |
-$4,860 |
-$3,945 |
| Cash on Cash Return on Investment |
-0.060% |
-0.059% |
-0.058% |
-0.056% |
-0.046% |
| 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 |