Murfreesboro Deal Analysis
Let's look at deal analysis for Murfreesboro, 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 Murfreesboro, Tennessee Nomad™ Property with 10% Higher Rents
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Typical Murfreesboro, 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/#
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|
ARV
|
|
$359,795
|
|
Purchase Price
|
|
$359,795
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$17,990
|
|
Closing Costs
|
1.000%
|
$3,598
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$102,226
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Total Invested
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$123,814
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Mortgage
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|
Mortgage Amount
|
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$341,805.25
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$242.11
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Drop PMI LTV
|
80.000%
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|
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Income
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|
Monthly Rent
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|
$2,195
$2194.50
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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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$790
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Property Taxes
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0.801%
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$2,882
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|
Property Insurance
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1.131%
|
$4,069
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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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CapEx
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|
$0
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Management
|
0.000%
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|
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Depreciation Details
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Land Value
|
15.000%
|
$53,969
|
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Property Type (C or R)
|
R
|
27.5
|
|
Effective Income Tax Rate
|
15.000%
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|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$370,589 |
$381,707 |
$393,158 |
$404,952 |
$417,101 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,794 |
$11,118 |
$11,451 |
$11,795 |
$12,149 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,195 |
$2,260 |
$2,328 |
$2,398 |
$2,470 |
| 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 |
$2,195 |
$2,260 |
$2,328 |
$2,398 |
$2,470 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$66 |
$68 |
$70 |
$72 |
$74 |
| Monthly Gross Operating Income |
$2,129 |
$2,193 |
$2,258 |
$2,326 |
$2,396 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,334 |
$27,124 |
$27,938 |
$28,776 |
$29,639 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,334 |
$27,124 |
$27,938 |
$28,776 |
$29,639 |
| Annual Vacancy Dollar |
$790 |
$814 |
$838 |
$863 |
$889 |
| Annual Gross Operating Income |
$25,544 |
$26,310 |
$27,100 |
$27,913 |
$28,750 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.801% |
0.801% |
0.801% |
0.801% |
0.801% |
| Property Taxes Dollar |
$2,882 |
$2,968 |
$3,057 |
$3,149 |
$3,244 |
| Insurance Percent |
1.131% |
1.131% |
1.131% |
1.131% |
1.131% |
| Insurance Dollar |
$4,069 |
$4,191 |
$4,317 |
$4,447 |
$4,580 |
| 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 |
$2,554 |
$2,631 |
$2,710 |
$2,791 |
$2,875 |
| 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 |
$9,506 |
$9,791 |
$10,085 |
$10,387 |
$10,699 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,038 |
$16,519 |
$17,015 |
$17,526 |
$18,051 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$25,925 |
$25,925 |
$25,925 |
$25,925 |
$25,925 |
| Principal |
$3,820 |
$4,076 |
$4,349 |
$4,641 |
$4,951 |
| Interest |
$22,105 |
$21,849 |
$21,576 |
$21,285 |
$20,974 |
| Loan Balance at End of Year |
$337,985 |
$333,909 |
$329,559 |
$324,919 |
$319,967 |
| 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 |
$2,905 |
$2,905 |
$2,905 |
$2,905 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$32,604 |
$47,798 |
$63,598 |
$80,034 |
$97,134 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,792 |
-$12,311 |
-$11,816 |
-$11,305 |
-$7,874 |
| Monhtly Cash Flow |
-$1,066 |
-$1,026 |
-$985 |
-$942 |
-$656 |
| Cash on Cash Return on Investment |
-0.103% |
-0.099% |
-0.095% |
-0.091% |
-0.064% |
| 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 |