Fort Wayne Deal Analysis
Let's look at deal analysis for Fort Wayne, IN 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 Fort Wayne, Indiana Nomad™ Property with 10% Higher Rents
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Typical Fort Wayne, Indiana 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/#
|
|
ARV
|
|
$175,946
|
|
Purchase Price
|
|
$175,946
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$8,797
|
|
Closing Costs
|
1.000%
|
$1,759
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$43,936
|
|
Total Invested
|
|
$54,493
|
|
Mortgage
|
|
Mortgage Amount
|
|
$167,148.70
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|
Mortgage Interest Rate
|
6.500%
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|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$118.40
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$1,132
$1131.90
|
|
Other Income
|
|
$0
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|
Annual Expenses
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Vacancy Rate
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3.000%
|
$407
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Property Taxes
|
0.990%
|
$1,742
|
|
Property Insurance
|
1.123%
|
$1,976
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
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CapEx
|
|
$0
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|
Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$26,392
|
|
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 |
$181,224 |
$186,661 |
$192,261 |
$198,029 |
$203,970 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,278 |
$5,437 |
$5,600 |
$5,768 |
$5,941 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,132 |
$1,166 |
$1,201 |
$1,237 |
$1,274 |
| 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 |
$1,132 |
$1,166 |
$1,201 |
$1,237 |
$1,274 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$34 |
$35 |
$36 |
$37 |
$38 |
| Monthly Gross Operating Income |
$1,098 |
$1,131 |
$1,165 |
$1,200 |
$1,236 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$13,583 |
$13,990 |
$14,410 |
$14,842 |
$15,288 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$13,583 |
$13,990 |
$14,410 |
$14,842 |
$15,288 |
| Annual Vacancy Dollar |
$407 |
$420 |
$432 |
$445 |
$459 |
| Annual Gross Operating Income |
$13,175 |
$13,571 |
$13,978 |
$14,397 |
$14,829 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.990% |
0.990% |
0.990% |
0.990% |
0.990% |
| Property Taxes Dollar |
$1,742 |
$1,794 |
$1,848 |
$1,903 |
$1,960 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$1,976 |
$2,035 |
$2,096 |
$2,159 |
$2,224 |
| 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 |
$1,318 |
$1,357 |
$1,398 |
$1,440 |
$1,483 |
| 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 |
$5,035 |
$5,186 |
$5,342 |
$5,502 |
$5,667 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,140 |
$8,384 |
$8,636 |
$8,895 |
$9,162 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,678 |
$12,678 |
$12,678 |
$12,678 |
$12,678 |
| Principal |
$1,868 |
$1,993 |
$2,127 |
$2,269 |
$2,421 |
| Interest |
$10,810 |
$10,685 |
$10,551 |
$10,409 |
$10,257 |
| Loan Balance at End of Year |
$165,280 |
$163,287 |
$161,160 |
$158,891 |
$156,470 |
| 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 |
$1,421 |
$1,421 |
$1,421 |
$1,421 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$15,944 |
$23,374 |
$31,101 |
$39,138 |
$47,500 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,959 |
-$5,714 |
-$5,463 |
-$5,204 |
-$3,516 |
| Monhtly Cash Flow |
-$497 |
-$476 |
-$455 |
-$434 |
-$293 |
| Cash on Cash Return on Investment |
-0.109% |
-0.105% |
-0.100% |
-0.095% |
-0.065% |
| 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 |