Knoxville Deal Analysis
Let's look at deal analysis for Knoxville, TN 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 Knoxville, Tennessee Nomad™ Property with 10% Higher Rents
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Typical Knoxville, Tennessee 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/#
|
|
ARV
|
|
$278,721
|
|
Purchase Price
|
|
$278,721
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$13,936
|
|
Closing Costs
|
1.000%
|
$2,787
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$5,251
|
|
Total Invested
|
|
$21,974
|
|
Mortgage
|
|
Mortgage Amount
|
|
$264,784.95
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|
Mortgage Interest Rate
|
6.500%
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|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$187.56
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|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,483
$2483.25
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Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
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$894
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Property Taxes
|
1.026%
|
$2,860
|
|
Property Insurance
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1.131%
|
$3,152
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
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Maintenance
|
10.000%
|
|
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CapEx
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$41,808
|
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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 |
$287,083 |
$295,695 |
$304,566 |
$313,703 |
$323,114 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,362 |
$8,612 |
$8,871 |
$9,137 |
$9,411 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,483 |
$2,558 |
$2,634 |
$2,714 |
$2,795 |
| 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 |
$2,483 |
$2,558 |
$2,634 |
$2,714 |
$2,795 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$74 |
$77 |
$79 |
$81 |
$84 |
| Monthly Gross Operating Income |
$2,409 |
$2,481 |
$2,555 |
$2,632 |
$2,711 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$29,799 |
$30,693 |
$31,614 |
$32,562 |
$33,539 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$29,799 |
$30,693 |
$31,614 |
$32,562 |
$33,539 |
| Annual Vacancy Dollar |
$894 |
$921 |
$948 |
$977 |
$1,006 |
| Annual Gross Operating Income |
$28,905 |
$29,772 |
$30,665 |
$31,585 |
$32,533 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.026% |
1.026% |
1.026% |
1.026% |
1.026% |
| Property Taxes Dollar |
$2,860 |
$2,945 |
$3,034 |
$3,125 |
$3,219 |
| Insurance Percent |
1.131% |
1.131% |
1.131% |
1.131% |
1.131% |
| Insurance Dollar |
$3,152 |
$3,247 |
$3,344 |
$3,445 |
$3,548 |
| 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 |
$2,891 |
$2,977 |
$3,067 |
$3,159 |
$3,253 |
| 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 |
$8,903 |
$9,170 |
$9,445 |
$9,728 |
$10,020 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,003 |
$20,603 |
$21,221 |
$21,857 |
$22,513 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$20,083 |
$20,083 |
$20,083 |
$20,083 |
$20,083 |
| Principal |
$2,960 |
$3,158 |
$3,369 |
$3,595 |
$3,836 |
| Interest |
$17,124 |
$16,926 |
$16,714 |
$16,489 |
$16,248 |
| Loan Balance at End of Year |
$261,825 |
$258,668 |
$255,298 |
$251,703 |
$247,868 |
| 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 |
$2,251 |
$2,251 |
$2,251 |
$2,251 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$25,257 |
$37,027 |
$49,268 |
$61,999 |
$75,246 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$2,332 |
-$1,732 |
-$1,113 |
-$477 |
$2,430 |
| Monhtly Cash Flow |
-$194 |
-$144 |
-$93 |
-$40 |
$202 |
| Cash on Cash Return on Investment |
-0.106% |
-0.079% |
-0.051% |
-0.022% |
0.111% |
| 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 |