High Point Deal Analysis

Let's look at deal analysis for High Point, 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 High Point, North Carolina Nomad™ Property with 10% Higher Rents

Typical High Point, North Carolina Nomad™ Property with 10% Higher Rents
Purchase Inputs
	Percents	Dollars/#
ARV		$193,500
Purchase Price		$193,500
Seller Concessions	—	$0
Down Payment	5.000%	$9,675
Closing Costs	1.000%	$1,935
Rent Ready Costs		$0
Cumulative Negative Cash Flow		$0
Total Invested		$11,610
Mortgage
Mortgage Amount		$183,825
Mortgage Interest Rate	6.500%
Loan Term		360
Private Mortgage Insurance	0.850%	$130.21
Drop PMI LTV	80.000%
Income
Monthly Rent		$1,912 $1911.53
Other Income		$0
Annual Expenses
Vacancy Rate	3.000%	$688
Property Taxes	1.292%	$2,500
Property Insurance	0.484%	$937
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%	$29,025
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	$199,305	$205,284	$211,443	$217,786	$224,320
Appreciation Rate	3.000%	3.000%	3.000%	3.000%	3.000%
Appreciation Dollar	$5,805	$5,979	$6,159	$6,343	$6,534
Monthly Income	1	2	3	4	5
Rent Appreciation Rate		3.000%	3.000%	3.000%	3.000%
Monthly Rent	$1,912	$1,969	$2,028	$2,089	$2,151
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	$1,912	$1,969	$2,028	$2,089	$2,151
Vacancy Percent	3.000%	3.000%	3.000%	3.000%	3.000%
Monthly Vacancy Dollar	$57	$59	$61	$63	$65
Monthly Gross Operating Income	$1,854	$1,910	$1,967	$2,026	$2,087
Annual Income	1	2	3	4	5
Annual Rent	$22,938	$23,627	$24,335	$25,065	$25,817
Annual Other Income	$0	$0	$0	$0	$0
Annual Gross Potential Income	$22,938	$23,627	$24,335	$25,065	$25,817
Annual Vacancy Dollar	$688	$709	$730	$752	$775
Annual Gross Operating Income	$22,250	$22,918	$23,605	$24,313	$25,043
Annual Expenses	1	2	3	4	5
Property Taxes Percent	1.292%	1.292%	1.292%	1.292%	1.292%
Property Taxes Dollar	$2,500	$2,575	$2,652	$2,732	$2,814
Insurance Percent	0.484%	0.484%	0.484%	0.484%	0.484%
Insurance Dollar	$937	$965	$994	$1,023	$1,054
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	$2,225	$2,292	$2,361	$2,431	$2,504
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	$5,662	$5,831	$6,006	$6,187	$6,372
Net Operating Income	1	2	3	4	5
Net Operating Income (NOI)	$16,589	$17,086	$17,599	$18,127	$18,671
Mortgage	1	2	3	4	5
Total Annual P&I Payments	$13,943	$13,943	$13,943	$13,943	$13,943
Principal	$2,055	$2,192	$2,339	$2,496	$2,663
Interest	$11,888	$11,751	$11,604	$11,447	$11,280
Loan Balance at End of Year	$181,770	$179,578	$177,239	$174,743	$172,080
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	$1,563	$1,563	$1,563	$1,563	$0
Equity	1	2	3	4	5
ARV - Loan Balance at End of Year	$17,535	$25,706	$34,204	$43,043	$52,239
Cash Flow	1	2	3	4	5
Annual Cash Flow	$1,083	$1,581	$2,094	$2,622	$4,728
Monhtly Cash Flow	$90	$132	$174	$218	$394
Cash on Cash Return on Investment	0.093%	0.136%	0.180%	0.226%	0.407%
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