Sioux Falls Deal Analysis
Let's look at deal analysis for Sioux Falls, SD 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 Sioux Falls, South Dakota Nomad™ Property with 10% Higher Rents
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Typical Sioux Falls, South Dakota Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
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Percents
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Dollars/#
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|
ARV
|
|
$269,502
|
|
Purchase Price
|
|
$269,502
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$13,475
|
|
Closing Costs
|
1.000%
|
$2,695
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$43,153
|
|
Total Invested
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|
$59,323
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Mortgage
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|
Mortgage Amount
|
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$256,026.90
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
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|
360
|
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Private Mortgage Insurance
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0.850%
|
$181.35
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|
Drop PMI LTV
|
80.000%
|
|
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Income
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|
Monthly Rent
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|
$2,065
$2065.14
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Other Income
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|
$0
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Annual Expenses
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Vacancy Rate
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3.000%
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$743
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Property Taxes
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1.461%
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$3,937
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|
Property Insurance
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1.392%
|
$3,751
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
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|
$0
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Maintenance
|
10.000%
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|
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CapEx
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|
$0
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Management
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0.000%
|
|
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Depreciation Details
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Land Value
|
15.000%
|
$40,425
|
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Property Type (C or R)
|
R
|
27.5
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|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$277,587 |
$285,915 |
$294,492 |
$303,327 |
$312,427 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,085 |
$8,328 |
$8,577 |
$8,835 |
$9,100 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,065 |
$2,127 |
$2,191 |
$2,257 |
$2,324 |
| 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 |
$2,065 |
$2,127 |
$2,191 |
$2,257 |
$2,324 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$62 |
$64 |
$66 |
$68 |
$70 |
| Monthly Gross Operating Income |
$2,003 |
$2,063 |
$2,125 |
$2,189 |
$2,255 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$24,782 |
$25,525 |
$26,291 |
$27,080 |
$27,892 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$24,782 |
$25,525 |
$26,291 |
$27,080 |
$27,892 |
| Annual Vacancy Dollar |
$743 |
$766 |
$789 |
$812 |
$837 |
| Annual Gross Operating Income |
$24,038 |
$24,759 |
$25,502 |
$26,267 |
$27,055 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.461% |
1.461% |
1.461% |
1.461% |
1.461% |
| Property Taxes Dollar |
$3,937 |
$4,056 |
$4,177 |
$4,303 |
$4,432 |
| Insurance Percent |
1.392% |
1.392% |
1.392% |
1.392% |
1.392% |
| Insurance Dollar |
$3,751 |
$3,864 |
$3,980 |
$4,099 |
$4,222 |
| 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 |
$2,404 |
$2,476 |
$2,550 |
$2,627 |
$2,706 |
| 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 |
$10,093 |
$10,395 |
$10,707 |
$11,029 |
$11,359 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,946 |
$14,364 |
$14,795 |
$15,239 |
$15,696 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,419 |
$19,419 |
$19,419 |
$19,419 |
$19,419 |
| Principal |
$2,862 |
$3,053 |
$3,258 |
$3,476 |
$3,709 |
| Interest |
$16,557 |
$16,366 |
$16,161 |
$15,943 |
$15,710 |
| Loan Balance at End of Year |
$253,165 |
$250,112 |
$246,854 |
$243,378 |
$239,670 |
| 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 |
$2,176 |
$2,176 |
$2,176 |
$2,176 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$24,422 |
$35,803 |
$47,638 |
$59,949 |
$72,757 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,650 |
-$7,231 |
-$6,801 |
-$6,357 |
-$3,723 |
| Monhtly Cash Flow |
-$637 |
-$603 |
-$567 |
-$530 |
-$310 |
| Cash on Cash Return on Investment |
-0.129% |
-0.122% |
-0.115% |
-0.107% |
-0.063% |
| 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 |