Raleigh Deal Analysis
Let's look at deal analysis for Raleigh, 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 Raleigh, North Carolina Nomad™ Property with 10% Higher Rents
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Typical Raleigh, 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/#
|
|
ARV
|
|
$398,721
|
|
Purchase Price
|
|
$398,721
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$19,936
|
|
Closing Costs
|
1.000%
|
$3,987
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$14,233
|
|
Total Invested
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|
$38,156
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Mortgage
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|
Mortgage Amount
|
|
$378,784.95
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|
Mortgage Interest Rate
|
6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$268.31
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Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$3,119
$3118.50
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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%
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$1,123
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Property Taxes
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0.937%
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$3,736
|
|
Property Insurance
|
0.484%
|
$1,930
|
|
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
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$59,808
|
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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 |
$410,683 |
$423,003 |
$435,693 |
$448,764 |
$462,227 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,962 |
$12,320 |
$12,690 |
$13,071 |
$13,463 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,119 |
$3,212 |
$3,308 |
$3,408 |
$3,510 |
| 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 |
$3,119 |
$3,212 |
$3,308 |
$3,408 |
$3,510 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$94 |
$96 |
$99 |
$102 |
$105 |
| Monthly Gross Operating Income |
$3,025 |
$3,116 |
$3,209 |
$3,305 |
$3,405 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$37,422 |
$38,545 |
$39,701 |
$40,892 |
$42,119 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$37,422 |
$38,545 |
$39,701 |
$40,892 |
$42,119 |
| Annual Vacancy Dollar |
$1,123 |
$1,156 |
$1,191 |
$1,227 |
$1,264 |
| Annual Gross Operating Income |
$36,299 |
$37,388 |
$38,510 |
$39,665 |
$40,855 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.937% |
0.937% |
0.937% |
0.937% |
0.937% |
| Property Taxes Dollar |
$3,736 |
$3,848 |
$3,964 |
$4,082 |
$4,205 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$1,930 |
$1,988 |
$2,047 |
$2,109 |
$2,172 |
| 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 |
$3,630 |
$3,739 |
$3,851 |
$3,967 |
$4,086 |
| 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 |
$9,296 |
$9,575 |
$9,862 |
$10,158 |
$10,462 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$27,004 |
$27,814 |
$28,648 |
$29,508 |
$30,393 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$28,730 |
$28,730 |
$28,730 |
$28,730 |
$28,730 |
| Principal |
$4,234 |
$4,517 |
$4,820 |
$5,143 |
$5,487 |
| Interest |
$24,496 |
$24,213 |
$23,910 |
$23,587 |
$23,243 |
| Loan Balance at End of Year |
$374,551 |
$370,034 |
$365,214 |
$360,071 |
$354,584 |
| 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 |
$3,220 |
$3,220 |
$3,220 |
$3,220 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$36,131 |
$52,969 |
$70,479 |
$88,693 |
$107,643 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,946 |
-$4,136 |
-$3,302 |
-$2,442 |
$1,663 |
| Monhtly Cash Flow |
-$412 |
-$345 |
-$275 |
-$204 |
$139 |
| Cash on Cash Return on Investment |
-0.130% |
-0.108% |
-0.087% |
-0.064% |
0.044% |
| 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 |