Pittsburgh Deal Analysis
Let's look at deal analysis for Pittsburgh, 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 Pittsburgh, Pennsylvania Nomad™ Property with 10% Higher Rents
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Typical Pittsburgh, Pennsylvania Nomad™ Property with 10% Higher Rents
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Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$210,870
|
|
Purchase Price
|
|
$210,870
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$10,544
|
|
Closing Costs
|
1.000%
|
$2,109
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$12,652
|
|
Mortgage
|
|
Mortgage Amount
|
|
$200,326.50
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$141.90
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,599
$2598.75
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$936
|
|
Property Taxes
|
1.601%
|
$3,376
|
|
Property Insurance
|
0.566%
|
$1,194
|
|
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%
|
$31,631
|
|
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 |
$217,196 |
$223,712 |
$230,423 |
$237,336 |
$244,456 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,326 |
$6,516 |
$6,711 |
$6,913 |
$7,120 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,599 |
$2,677 |
$2,757 |
$2,840 |
$2,925 |
| 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 |
$2,599 |
$2,677 |
$2,757 |
$2,840 |
$2,925 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$78 |
$80 |
$83 |
$85 |
$88 |
| Monthly Gross Operating Income |
$2,521 |
$2,596 |
$2,674 |
$2,755 |
$2,837 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$31,185 |
$32,121 |
$33,084 |
$34,077 |
$35,099 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$31,185 |
$32,121 |
$33,084 |
$34,077 |
$35,099 |
| Annual Vacancy Dollar |
$936 |
$964 |
$993 |
$1,022 |
$1,053 |
| Annual Gross Operating Income |
$30,249 |
$31,157 |
$32,092 |
$33,054 |
$34,046 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.601% |
1.601% |
1.601% |
1.601% |
1.601% |
| Property Taxes Dollar |
$3,376 |
$3,477 |
$3,582 |
$3,689 |
$3,800 |
| Insurance Percent |
0.566% |
0.566% |
0.566% |
0.566% |
0.566% |
| Insurance Dollar |
$1,194 |
$1,229 |
$1,266 |
$1,304 |
$1,343 |
| 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 |
$3,025 |
$3,116 |
$3,209 |
$3,305 |
$3,405 |
| 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 |
$7,594 |
$7,822 |
$8,057 |
$8,299 |
$8,548 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$22,655 |
$23,335 |
$24,035 |
$24,756 |
$25,498 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,194 |
$15,194 |
$15,194 |
$15,194 |
$15,194 |
| Principal |
$2,239 |
$2,389 |
$2,549 |
$2,720 |
$2,902 |
| Interest |
$12,955 |
$12,805 |
$12,645 |
$12,475 |
$12,292 |
| Loan Balance at End of Year |
$198,087 |
$195,698 |
$193,149 |
$190,430 |
$187,528 |
| 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 |
$1,703 |
$1,703 |
$1,703 |
$1,703 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$19,109 |
$28,014 |
$37,274 |
$46,907 |
$56,929 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$5,758 |
$6,437 |
$7,137 |
$7,859 |
$10,304 |
| Monhtly Cash Flow |
$480 |
$536 |
$595 |
$655 |
$859 |
| Cash on Cash Return on Investment |
0.455% |
0.509% |
0.564% |
0.621% |
0.814% |
| 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 |