Springfield Deal Analysis
Let's look at deal analysis for Springfield, MO 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 Springfield, Missouri Nomad™ Property with 10% Higher Rents
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Typical Springfield, Missouri 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/#
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|
ARV
|
|
$186,919
|
|
Purchase Price
|
|
$186,919
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$9,346
|
|
Closing Costs
|
1.000%
|
$1,869
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$11,215
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|
Mortgage
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|
Mortgage Amount
|
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$177,573.05
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$125.78
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|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$1,906
$1905.75
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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%
|
$686
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Property Taxes
|
0.896%
|
$1,675
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Property Insurance
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1.550%
|
$2,897
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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
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0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$28,038
|
|
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 |
$192,527 |
$198,302 |
$204,251 |
$210,379 |
$216,690 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,608 |
$5,776 |
$5,949 |
$6,128 |
$6,311 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,906 |
$1,963 |
$2,022 |
$2,082 |
$2,145 |
| 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 |
$1,906 |
$1,963 |
$2,022 |
$2,082 |
$2,145 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$57 |
$59 |
$61 |
$62 |
$64 |
| Monthly Gross Operating Income |
$1,849 |
$1,904 |
$1,961 |
$2,020 |
$2,081 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,869 |
$23,555 |
$24,262 |
$24,990 |
$25,739 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,869 |
$23,555 |
$24,262 |
$24,990 |
$25,739 |
| Annual Vacancy Dollar |
$686 |
$707 |
$728 |
$750 |
$772 |
| Annual Gross Operating Income |
$22,183 |
$22,848 |
$23,534 |
$24,240 |
$24,967 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.896% |
0.896% |
0.896% |
0.896% |
0.896% |
| Property Taxes Dollar |
$1,675 |
$1,725 |
$1,777 |
$1,830 |
$1,885 |
| Insurance Percent |
1.550% |
1.550% |
1.550% |
1.550% |
1.550% |
| Insurance Dollar |
$2,897 |
$2,984 |
$3,074 |
$3,166 |
$3,261 |
| 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 |
$2,218 |
$2,285 |
$2,353 |
$2,424 |
$2,497 |
| 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 |
$6,790 |
$6,994 |
$7,204 |
$7,420 |
$7,643 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,393 |
$15,854 |
$16,330 |
$16,820 |
$17,325 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,469 |
$13,469 |
$13,469 |
$13,469 |
$13,469 |
| Principal |
$1,985 |
$2,118 |
$2,259 |
$2,411 |
$2,572 |
| Interest |
$11,484 |
$11,351 |
$11,209 |
$11,058 |
$10,896 |
| Loan Balance at End of Year |
$175,588 |
$173,471 |
$171,211 |
$168,800 |
$166,228 |
| 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 |
$1,509 |
$1,509 |
$1,509 |
$1,509 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$16,938 |
$24,832 |
$33,040 |
$41,579 |
$50,462 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$415 |
$876 |
$1,352 |
$1,842 |
$3,856 |
| Monhtly Cash Flow |
$35 |
$73 |
$113 |
$153 |
$321 |
| Cash on Cash Return on Investment |
0.037% |
0.078% |
0.121% |
0.164% |
0.344% |
| 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 |