Asheville Deal Analysis
Let's look at deal analysis for Asheville, NC 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 Asheville, North Carolina Nomad™ Property with 10% Higher Rents
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Typical Asheville, North Carolina 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
|
|
$379,103
|
|
Purchase Price
|
|
$379,103
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$18,955
|
|
Closing Costs
|
1.000%
|
$3,791
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$22,991
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|
Total Invested
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|
$45,738
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Mortgage
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|
Mortgage Amount
|
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$360,147.85
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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
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0.850%
|
$255.10
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Drop PMI LTV
|
80.000%
|
|
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Income
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Monthly Rent
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|
$2,729
$2729.27
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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%
|
$983
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Property Taxes
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0.836%
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$3,169
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|
Property Insurance
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0.484%
|
$1,835
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
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|
$0
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Maintenance
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10.000%
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|
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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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|
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Depreciation Details
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|
Land Value
|
15.000%
|
$56,865
|
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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 |
$390,476 |
$402,190 |
$414,256 |
$426,684 |
$439,484 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,373 |
$11,714 |
$12,066 |
$12,428 |
$12,801 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,729 |
$2,811 |
$2,895 |
$2,982 |
$3,072 |
| 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 |
$2,729 |
$2,811 |
$2,895 |
$2,982 |
$3,072 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$82 |
$84 |
$87 |
$89 |
$92 |
| Monthly Gross Operating Income |
$2,647 |
$2,727 |
$2,809 |
$2,893 |
$2,980 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$32,751 |
$33,734 |
$34,746 |
$35,788 |
$36,862 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$32,751 |
$33,734 |
$34,746 |
$35,788 |
$36,862 |
| Annual Vacancy Dollar |
$983 |
$1,012 |
$1,042 |
$1,074 |
$1,106 |
| Annual Gross Operating Income |
$31,769 |
$32,722 |
$33,703 |
$34,715 |
$35,756 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.836% |
0.836% |
0.836% |
0.836% |
0.836% |
| Property Taxes Dollar |
$3,169 |
$3,264 |
$3,362 |
$3,463 |
$3,567 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,835 |
$1,890 |
$1,947 |
$2,005 |
$2,065 |
| 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 |
$3,177 |
$3,272 |
$3,370 |
$3,471 |
$3,576 |
| 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 |
$8,181 |
$8,426 |
$8,679 |
$8,940 |
$9,208 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$23,588 |
$24,295 |
$25,024 |
$25,775 |
$26,548 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$27,317 |
$27,317 |
$27,317 |
$27,317 |
$27,317 |
| Principal |
$4,025 |
$4,295 |
$4,583 |
$4,890 |
$5,217 |
| Interest |
$23,291 |
$23,021 |
$22,734 |
$22,427 |
$22,099 |
| Loan Balance at End of Year |
$356,122 |
$351,827 |
$347,245 |
$342,355 |
$337,138 |
| 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 |
$3,061 |
$3,061 |
$3,061 |
$3,061 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$34,354 |
$50,363 |
$67,011 |
$84,329 |
$102,346 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$6,790 |
-$6,083 |
-$5,354 |
-$4,603 |
-$768 |
| Monhtly Cash Flow |
-$566 |
-$507 |
-$446 |
-$384 |
-$64 |
| Cash on Cash Return on Investment |
-0.148% |
-0.133% |
-0.117% |
-0.101% |
-0.017% |
| 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 |