Elizabeth Deal Analysis
Let's look at deal analysis for Elizabeth, NJ 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 Elizabeth, New Jersey Nomad™ Property with 10% Higher Rents
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Typical Elizabeth, New Jersey 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
|
|
$384,847
|
|
Purchase Price
|
|
$384,847
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$19,242
|
|
Closing Costs
|
1.000%
|
$3,848
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$131,303
|
|
Total Invested
|
|
$154,394
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Mortgage
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|
Mortgage Amount
|
|
$365,604.65
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|
Mortgage Interest Rate
|
6.500%
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|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$258.97
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,830
$2829.75
|
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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%
|
$1,019
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Property Taxes
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3.300%
|
$12,700
|
|
Property Insurance
|
0.195%
|
$750
|
|
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%
|
$57,727
|
|
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 |
$396,392 |
$408,284 |
$420,533 |
$433,149 |
$446,143 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,545 |
$11,892 |
$12,249 |
$12,616 |
$12,994 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,830 |
$2,915 |
$3,002 |
$3,092 |
$3,185 |
| 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 |
$2,830 |
$2,915 |
$3,002 |
$3,092 |
$3,185 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$85 |
$87 |
$90 |
$93 |
$96 |
| Monthly Gross Operating Income |
$2,745 |
$2,827 |
$2,912 |
$2,999 |
$3,089 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,957 |
$34,976 |
$36,025 |
$37,106 |
$38,219 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,957 |
$34,976 |
$36,025 |
$37,106 |
$38,219 |
| Annual Vacancy Dollar |
$1,019 |
$1,049 |
$1,081 |
$1,113 |
$1,147 |
| Annual Gross Operating Income |
$32,938 |
$33,926 |
$34,944 |
$35,993 |
$37,072 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.300% |
3.300% |
3.300% |
3.300% |
3.300% |
| Property Taxes Dollar |
$12,700 |
$13,081 |
$13,473 |
$13,878 |
$14,294 |
| Insurance Percent |
0.195% |
0.195% |
0.195% |
0.195% |
0.195% |
| Insurance Dollar |
$750 |
$773 |
$796 |
$820 |
$845 |
| 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 |
$3,294 |
$3,393 |
$3,494 |
$3,599 |
$3,707 |
| 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 |
$16,744 |
$17,247 |
$17,764 |
$18,297 |
$18,846 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,194 |
$16,680 |
$17,180 |
$17,696 |
$18,227 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$27,730 |
$27,730 |
$27,730 |
$27,730 |
$27,730 |
| Principal |
$4,086 |
$4,360 |
$4,652 |
$4,964 |
$5,296 |
| Interest |
$23,644 |
$23,370 |
$23,078 |
$22,767 |
$22,434 |
| Loan Balance at End of Year |
$361,518 |
$357,158 |
$352,506 |
$347,542 |
$342,246 |
| 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 |
$3,108 |
$3,108 |
$3,108 |
$3,108 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$34,874 |
$51,126 |
$68,027 |
$85,606 |
$103,897 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$14,644 |
-$14,158 |
-$13,658 |
-$13,142 |
-$9,504 |
| Monhtly Cash Flow |
-$1,220 |
-$1,180 |
-$1,138 |
-$1,095 |
-$792 |
| Cash on Cash Return on Investment |
-0.095% |
-0.092% |
-0.088% |
-0.085% |
-0.062% |
| 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 |