Akron Deal Analysis
Let's look at deal analysis for Akron, OH 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 Akron, Ohio Nomad™ Property with 10% Higher Rents
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Typical Akron, Ohio 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
|
|
$93,988
|
|
Purchase Price
|
|
$93,988
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$4,699
|
|
Closing Costs
|
1.000%
|
$940
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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|
$5,639
|
|
Mortgage
|
|
Mortgage Amount
|
|
$89,288.60
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$63.25
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$1,386
$1386.00
|
|
Other Income
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|
$0
|
|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$499
|
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Property Taxes
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2.171%
|
$2,040
|
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Property Insurance
|
0.693%
|
$651
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
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%
|
$14,098
|
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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 |
$96,808 |
$99,712 |
$102,703 |
$105,784 |
$108,958 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$2,820 |
$2,904 |
$2,991 |
$3,081 |
$3,174 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,386 |
$1,428 |
$1,470 |
$1,515 |
$1,560 |
| 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 |
$1,386 |
$1,428 |
$1,470 |
$1,515 |
$1,560 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$42 |
$43 |
$44 |
$45 |
$47 |
| Monthly Gross Operating Income |
$1,344 |
$1,385 |
$1,426 |
$1,469 |
$1,513 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$16,632 |
$17,131 |
$17,645 |
$18,174 |
$18,719 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$16,632 |
$17,131 |
$17,645 |
$18,174 |
$18,719 |
| Annual Vacancy Dollar |
$499 |
$514 |
$529 |
$545 |
$562 |
| Annual Gross Operating Income |
$16,133 |
$16,617 |
$17,116 |
$17,629 |
$18,158 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.171% |
2.171% |
2.171% |
2.171% |
2.171% |
| Property Taxes Dollar |
$2,040 |
$2,102 |
$2,165 |
$2,230 |
$2,297 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$651 |
$671 |
$691 |
$712 |
$733 |
| 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 |
$1,613 |
$1,662 |
$1,712 |
$1,763 |
$1,816 |
| 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 |
$4,305 |
$4,434 |
$4,567 |
$4,704 |
$4,845 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$11,828 |
$12,183 |
$12,548 |
$12,925 |
$13,312 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$6,772 |
$6,772 |
$6,772 |
$6,772 |
$6,772 |
| Principal |
$998 |
$1,065 |
$1,136 |
$1,212 |
$1,293 |
| Interest |
$5,774 |
$5,708 |
$5,636 |
$5,560 |
$5,479 |
| Loan Balance at End of Year |
$88,291 |
$87,226 |
$86,090 |
$84,878 |
$83,584 |
| 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 |
$759 |
$759 |
$759 |
$759 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$8,517 |
$12,486 |
$16,613 |
$20,907 |
$25,374 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$4,297 |
$4,651 |
$5,017 |
$5,393 |
$6,540 |
| Monhtly Cash Flow |
$358 |
$388 |
$418 |
$449 |
$545 |
| Cash on Cash Return on Investment |
0.762% |
0.825% |
0.890% |
0.956% |
1.160% |
| 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 |