Charlotte Deal Analysis
Let's look at deal analysis for Charlotte, 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 Charlotte, North Carolina Nomad™ Property with 10% Higher Rents
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Typical Charlotte, North Carolina Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$349,011
|
|
Purchase Price
|
|
$349,011
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$17,451
|
|
Closing Costs
|
1.000%
|
$3,490
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$20,941
|
|
Mortgage
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|
Mortgage Amount
|
|
$331,560.45
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$234.86
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,465
$3465.00
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$1,247
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Property Taxes
|
1.120%
|
$3,909
|
|
Property Insurance
|
0.484%
|
$1,689
|
|
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%
|
$52,352
|
|
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 |
$359,481 |
$370,266 |
$381,374 |
$392,815 |
$404,599 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,470 |
$10,784 |
$11,108 |
$11,441 |
$11,784 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,465 |
$3,569 |
$3,676 |
$3,786 |
$3,900 |
| 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 |
$3,465 |
$3,569 |
$3,676 |
$3,786 |
$3,900 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$104 |
$107 |
$110 |
$114 |
$117 |
| Monthly Gross Operating Income |
$3,361 |
$3,462 |
$3,566 |
$3,673 |
$3,783 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$41,580 |
$42,827 |
$44,112 |
$45,436 |
$46,799 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$41,580 |
$42,827 |
$44,112 |
$45,436 |
$46,799 |
| Annual Vacancy Dollar |
$1,247 |
$1,285 |
$1,323 |
$1,363 |
$1,404 |
| Annual Gross Operating Income |
$40,333 |
$41,543 |
$42,789 |
$44,073 |
$45,395 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.120% |
1.120% |
1.120% |
1.120% |
1.120% |
| Property Taxes Dollar |
$3,909 |
$4,026 |
$4,147 |
$4,271 |
$4,400 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,689 |
$1,740 |
$1,792 |
$1,846 |
$1,901 |
| 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 |
$4,033 |
$4,154 |
$4,279 |
$4,407 |
$4,539 |
| 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 |
$9,631 |
$9,920 |
$10,218 |
$10,524 |
$10,840 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$30,701 |
$31,622 |
$32,571 |
$33,548 |
$34,554 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$25,148 |
$25,148 |
$25,148 |
$25,148 |
$25,148 |
| Principal |
$3,706 |
$3,954 |
$4,219 |
$4,502 |
$4,803 |
| Interest |
$21,442 |
$21,194 |
$20,929 |
$20,647 |
$20,345 |
| Loan Balance at End of Year |
$327,854 |
$323,900 |
$319,681 |
$315,180 |
$310,377 |
| 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 |
$2,818 |
$2,818 |
$2,818 |
$2,818 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$31,627 |
$46,365 |
$61,692 |
$77,635 |
$94,223 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$2,735 |
$3,656 |
$4,604 |
$5,581 |
$9,406 |
| Monhtly Cash Flow |
$228 |
$305 |
$384 |
$465 |
$784 |
| Cash on Cash Return on Investment |
0.131% |
0.175% |
0.220% |
0.267% |
0.449% |
| 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 |