Philadelphia Deal Analysis
Let's look at deal analysis for Philadelphia, PA 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 Philadelphia, Pennsylvania Nomad™ Property with 10% Higher Rents
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Typical Philadelphia, Pennsylvania Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$202,487
|
|
Purchase Price
|
|
$202,487
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$10,124
|
|
Closing Costs
|
1.000%
|
$2,025
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$12,149
|
|
Mortgage
|
|
Mortgage Amount
|
|
$192,362.65
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$136.26
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$4,152
$4152.23
|
|
Other Income
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|
$0
|
|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$1,495
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Property Taxes
|
1.085%
|
$2,197
|
|
Property Insurance
|
0.566%
|
$1,146
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$30,373
|
|
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 |
$208,562 |
$214,818 |
$221,263 |
$227,901 |
$234,738 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,075 |
$6,257 |
$6,445 |
$6,638 |
$6,837 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$4,152 |
$4,277 |
$4,405 |
$4,537 |
$4,673 |
| 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 |
$4,152 |
$4,277 |
$4,405 |
$4,537 |
$4,673 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$125 |
$128 |
$132 |
$136 |
$140 |
| Monthly Gross Operating Income |
$4,028 |
$4,148 |
$4,273 |
$4,401 |
$4,533 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$49,827 |
$51,322 |
$52,861 |
$54,447 |
$56,080 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$49,827 |
$51,322 |
$52,861 |
$54,447 |
$56,080 |
| Annual Vacancy Dollar |
$1,495 |
$1,540 |
$1,586 |
$1,633 |
$1,682 |
| Annual Gross Operating Income |
$48,332 |
$49,782 |
$51,275 |
$52,814 |
$54,398 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.085% |
1.085% |
1.085% |
1.085% |
1.085% |
| Property Taxes Dollar |
$2,197 |
$2,263 |
$2,331 |
$2,401 |
$2,473 |
| Insurance Percent |
0.566% |
0.566% |
0.566% |
0.566% |
0.566% |
| Insurance Dollar |
$1,146 |
$1,180 |
$1,216 |
$1,252 |
$1,290 |
| 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 |
$4,833 |
$4,978 |
$5,128 |
$5,281 |
$5,440 |
| 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 |
$8,176 |
$8,422 |
$8,674 |
$8,934 |
$9,202 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$40,156 |
$41,360 |
$42,601 |
$43,879 |
$45,196 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,590 |
$14,590 |
$14,590 |
$14,590 |
$14,590 |
| Principal |
$2,150 |
$2,294 |
$2,448 |
$2,612 |
$2,787 |
| Interest |
$12,440 |
$12,296 |
$12,143 |
$11,979 |
$11,804 |
| Loan Balance at End of Year |
$190,213 |
$187,919 |
$185,471 |
$182,859 |
$180,073 |
| 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 |
$1,635 |
$1,635 |
$1,635 |
$1,635 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$18,349 |
$26,900 |
$35,792 |
$45,042 |
$54,665 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$23,930 |
$25,135 |
$26,376 |
$27,654 |
$30,605 |
| Monhtly Cash Flow |
$1,994 |
$2,095 |
$2,198 |
$2,304 |
$2,550 |
| Cash on Cash Return on Investment |
1.970% |
2.069% |
2.171% |
2.276% |
2.519% |
| 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 |