Rockford Deal Analysis

Let's look at deal analysis for Rockford, IL 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 Rockford, Illinois Nomad™ Property with 10% Higher Rents

Typical Rockford, Illinois Nomad™ Property with 10% Higher Rents
Purchase Inputs
	Percents	Dollars/#
ARV		$116,322
Purchase Price		$116,322
Seller Concessions	—	$0
Down Payment	5.000%	$5,816
Closing Costs	1.000%	$1,163
Rent Ready Costs		$0
Cumulative Negative Cash Flow		$0
Total Invested		$6,979
Mortgage
Mortgage Amount		$110,505.90
Mortgage Interest Rate	6.500%
Loan Term		360
Private Mortgage Insurance	0.850%	$78.28
Drop PMI LTV	80.000%
Income
Monthly Rent		$1,386 $1386.00
Other Income		$0
Annual Expenses
Vacancy Rate	3.000%	$499
Property Taxes	3.569%	$4,152
Property Insurance	0.786%	$914
HOA Dues		$0
Utilities		$0
Other Expenses 1		$0
Other Expenses 2		$0
Maintenance	10.000%
CapEx		$0
Management	0.000%
Depreciation Details
Land Value	15.000%	$17,448
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	$119,812	$123,406	$127,108	$130,921	$134,849
Appreciation Rate	3.000%	3.000%	3.000%	3.000%	3.000%
Appreciation Dollar	$3,490	$3,594	$3,702	$3,813	$3,928
Monthly Income	1	2	3	4	5
Rent Appreciation Rate		3.000%	3.000%	3.000%	3.000%
Monthly Rent	$1,386	$1,428	$1,470	$1,515	$1,560
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	$1,386	$1,428	$1,470	$1,515	$1,560
Vacancy Percent	3.000%	3.000%	3.000%	3.000%	3.000%
Monthly Vacancy Dollar	$42	$43	$44	$45	$47
Monthly Gross Operating Income	$1,344	$1,385	$1,426	$1,469	$1,513
Annual Income	1	2	3	4	5
Annual Rent	$16,632	$17,131	$17,645	$18,174	$18,719
Annual Other Income	$0	$0	$0	$0	$0
Annual Gross Potential Income	$16,632	$17,131	$17,645	$18,174	$18,719
Annual Vacancy Dollar	$499	$514	$529	$545	$562
Annual Gross Operating Income	$16,133	$16,617	$17,116	$17,629	$18,158
Annual Expenses	1	2	3	4	5
Property Taxes Percent	3.569%	3.569%	3.569%	3.569%	3.569%
Property Taxes Dollar	$4,152	$4,276	$4,404	$4,536	$4,673
Insurance Percent	0.786%	0.786%	0.786%	0.786%	0.786%
Insurance Dollar	$914	$942	$970	$999	$1,029
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	$1,613	$1,662	$1,712	$1,763	$1,816
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	$6,679	$6,880	$7,086	$7,298	$7,517
Net Operating Income	1	2	3	4	5
Net Operating Income (NOI)	$9,454	$9,738	$10,030	$10,331	$10,640
Mortgage	1	2	3	4	5
Total Annual P&I Payments	$8,382	$8,382	$8,382	$8,382	$8,382
Principal	$1,235	$1,318	$1,406	$1,500	$1,601
Interest	$7,147	$7,064	$6,976	$6,881	$6,781
Loan Balance at End of Year	$109,271	$107,953	$106,547	$105,047	$103,446
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	$939	$939	$939	$939	$0
Equity	1	2	3	4	5
ARV - Loan Balance at End of Year	$10,541	$15,453	$20,561	$25,875	$31,403
Cash Flow	1	2	3	4	5
Annual Cash Flow	$133	$417	$709	$1,010	$2,259
Monhtly Cash Flow	$11	$35	$59	$84	$188
Cash on Cash Return on Investment	0.019%	0.060%	0.102%	0.145%	0.324%
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