Cincinnati Deal Analysis
Let's look at deal analysis for Cincinnati, 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 Cincinnati, Ohio Nomad™ Property with 10% Higher Rents
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Typical Cincinnati, Ohio Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$203,216
|
|
Purchase Price
|
|
$203,216
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$10,161
|
|
Closing Costs
|
1.000%
|
$2,032
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$12,193
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|
Mortgage
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|
Mortgage Amount
|
|
$193,055.20
|
|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$136.75
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,241
$2240.70
|
|
Other Income
|
|
$0
|
|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$807
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Property Taxes
|
1.934%
|
$3,930
|
|
Property Insurance
|
0.693%
|
$1,408
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
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%
|
$30,482
|
|
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 |
$209,312 |
$215,592 |
$222,060 |
$228,721 |
$235,583 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,096 |
$6,279 |
$6,468 |
$6,662 |
$6,862 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,241 |
$2,308 |
$2,377 |
$2,448 |
$2,522 |
| 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 |
$2,241 |
$2,308 |
$2,377 |
$2,448 |
$2,522 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$67 |
$69 |
$71 |
$73 |
$76 |
| Monthly Gross Operating Income |
$2,173 |
$2,239 |
$2,306 |
$2,375 |
$2,446 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,888 |
$27,695 |
$28,526 |
$29,382 |
$30,263 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,888 |
$27,695 |
$28,526 |
$29,382 |
$30,263 |
| Annual Vacancy Dollar |
$807 |
$831 |
$856 |
$881 |
$908 |
| Annual Gross Operating Income |
$26,082 |
$26,864 |
$27,670 |
$28,500 |
$29,355 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.934% |
1.934% |
1.934% |
1.934% |
1.934% |
| Property Taxes Dollar |
$3,930 |
$4,048 |
$4,170 |
$4,295 |
$4,423 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$1,408 |
$1,451 |
$1,494 |
$1,539 |
$1,585 |
| 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 |
$2,608 |
$2,686 |
$2,767 |
$2,850 |
$2,936 |
| 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 |
$7,947 |
$8,185 |
$8,431 |
$8,684 |
$8,944 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,135 |
$18,679 |
$19,240 |
$19,817 |
$20,411 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,643 |
$14,643 |
$14,643 |
$14,643 |
$14,643 |
| Principal |
$2,158 |
$2,302 |
$2,457 |
$2,621 |
$2,797 |
| Interest |
$12,485 |
$12,341 |
$12,186 |
$12,022 |
$11,846 |
| Loan Balance at End of Year |
$190,897 |
$188,595 |
$186,139 |
$183,517 |
$180,721 |
| 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 |
$1,641 |
$1,641 |
$1,641 |
$1,641 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$18,415 |
$26,997 |
$35,921 |
$45,204 |
$54,862 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$1,851 |
$2,395 |
$2,956 |
$3,533 |
$5,768 |
| Monhtly Cash Flow |
$154 |
$200 |
$246 |
$294 |
$481 |
| Cash on Cash Return on Investment |
0.152% |
0.196% |
0.242% |
0.290% |
0.473% |
| 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 |