Charleston Deal Analysis
Let's look at deal analysis for Charleston, SC 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 Charleston, South Carolina Nomad™ Property with 10% Higher Rents
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Typical Charleston, South Carolina Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$451,311
|
|
Purchase Price
|
|
$451,311
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$22,566
|
|
Closing Costs
|
1.000%
|
$4,513
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$610,559
|
|
Total Invested
|
|
$637,638
|
|
Mortgage
|
|
Mortgage Amount
|
|
$428,745.45
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$303.69
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,420
$1419.50
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$511
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Property Taxes
|
0.507%
|
$2,288
|
|
Property Insurance
|
1.021%
|
$4,608
|
|
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%
|
$67,697
|
|
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 |
$464,850 |
$478,796 |
$493,160 |
$507,955 |
$523,193 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,539 |
$13,946 |
$14,364 |
$14,795 |
$15,239 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,420 |
$1,462 |
$1,506 |
$1,551 |
$1,598 |
| 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 |
$1,420 |
$1,462 |
$1,506 |
$1,551 |
$1,598 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$43 |
$44 |
$45 |
$47 |
$48 |
| Monthly Gross Operating Income |
$1,377 |
$1,418 |
$1,461 |
$1,505 |
$1,550 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$17,034 |
$17,545 |
$18,071 |
$18,614 |
$19,172 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$17,034 |
$17,545 |
$18,071 |
$18,614 |
$19,172 |
| Annual Vacancy Dollar |
$511 |
$526 |
$542 |
$558 |
$575 |
| Annual Gross Operating Income |
$16,523 |
$17,019 |
$17,529 |
$18,055 |
$18,597 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.507% |
0.507% |
0.507% |
0.507% |
0.507% |
| Property Taxes Dollar |
$2,288 |
$2,357 |
$2,427 |
$2,500 |
$2,575 |
| Insurance Percent |
1.021% |
1.021% |
1.021% |
1.021% |
1.021% |
| Insurance Dollar |
$4,608 |
$4,746 |
$4,889 |
$5,035 |
$5,186 |
| 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 |
$1,652 |
$1,702 |
$1,753 |
$1,806 |
$1,860 |
| 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 |
$8,548 |
$8,805 |
$9,069 |
$9,341 |
$9,621 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$7,975 |
$8,214 |
$8,460 |
$8,714 |
$8,976 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$32,520 |
$32,520 |
$32,520 |
$32,520 |
$32,520 |
| Principal |
$4,792 |
$5,113 |
$5,456 |
$5,821 |
$6,211 |
| Interest |
$27,727 |
$27,406 |
$27,064 |
$26,699 |
$26,309 |
| Loan Balance at End of Year |
$423,953 |
$418,840 |
$413,385 |
$407,564 |
$401,353 |
| 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 |
$3,644 |
$3,644 |
$3,644 |
$3,644 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$40,897 |
$59,956 |
$79,775 |
$100,391 |
$121,840 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$28,189 |
-$27,950 |
-$27,704 |
-$27,450 |
-$23,544 |
| Monhtly Cash Flow |
-$2,349 |
-$2,329 |
-$2,309 |
-$2,287 |
-$1,962 |
| Cash on Cash Return on Investment |
-0.044% |
-0.044% |
-0.043% |
-0.043% |
-0.037% |
| 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 |