Norman Deal Analysis
Let's look at deal analysis for Norman, OK 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 Norman, Oklahoma Nomad™ Property with 10% Higher Rents
|
Typical Norman, Oklahoma Nomad™ Property with 10% Higher Rents
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$205,121
|
|
Purchase Price
|
|
$205,121
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$10,256
|
|
Closing Costs
|
1.000%
|
$2,051
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$31,071
|
|
Total Invested
|
|
$43,378
|
|
Mortgage
|
|
Mortgage Amount
|
|
$194,864.95
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$138.03
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,848
$1848.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$665
|
|
Property Taxes
|
1.189%
|
$2,439
|
|
Property Insurance
|
3.010%
|
$6,174
|
|
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%
|
$30,768
|
|
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 |
$211,275 |
$217,613 |
$224,141 |
$230,865 |
$237,791 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,154 |
$6,338 |
$6,528 |
$6,724 |
$6,926 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,848 |
$1,903 |
$1,961 |
$2,019 |
$2,080 |
| 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 |
$1,848 |
$1,903 |
$1,961 |
$2,019 |
$2,080 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$55 |
$57 |
$59 |
$61 |
$62 |
| Monthly Gross Operating Income |
$1,793 |
$1,846 |
$1,902 |
$1,959 |
$2,018 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,176 |
$22,841 |
$23,527 |
$24,232 |
$24,959 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,176 |
$22,841 |
$23,527 |
$24,232 |
$24,959 |
| Annual Vacancy Dollar |
$665 |
$685 |
$706 |
$727 |
$749 |
| Annual Gross Operating Income |
$21,511 |
$22,156 |
$22,821 |
$23,505 |
$24,211 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.189% |
1.189% |
1.189% |
1.189% |
1.189% |
| Property Taxes Dollar |
$2,439 |
$2,512 |
$2,587 |
$2,665 |
$2,745 |
| Insurance Percent |
3.010% |
3.010% |
3.010% |
3.010% |
3.010% |
| Insurance Dollar |
$6,174 |
$6,359 |
$6,550 |
$6,747 |
$6,949 |
| 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 |
$2,151 |
$2,216 |
$2,282 |
$2,351 |
$2,421 |
| 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 |
$10,764 |
$11,087 |
$11,420 |
$11,762 |
$12,115 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$10,747 |
$11,069 |
$11,401 |
$11,743 |
$12,095 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,780 |
$14,780 |
$14,780 |
$14,780 |
$14,780 |
| Principal |
$2,178 |
$2,324 |
$2,480 |
$2,646 |
$2,823 |
| Interest |
$12,602 |
$12,456 |
$12,301 |
$12,135 |
$11,957 |
| Loan Balance at End of Year |
$192,687 |
$190,363 |
$187,883 |
$185,238 |
$182,415 |
| 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 |
$1,656 |
$1,656 |
$1,656 |
$1,656 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$18,588 |
$27,250 |
$36,258 |
$45,628 |
$55,377 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,690 |
-$5,367 |
-$5,035 |
-$4,693 |
-$2,685 |
| Monhtly Cash Flow |
-$474 |
-$447 |
-$420 |
-$391 |
-$224 |
| Cash on Cash Return on Investment |
-0.131% |
-0.124% |
-0.116% |
-0.108% |
-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 |