Denton Deal Analysis
Let's look at deal analysis for Denton, TX 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 Denton, Texas Nomad™ Property with 10% Higher Rents
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Typical Denton, Texas Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$335,728
|
|
Purchase Price
|
|
$335,728
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,786
|
|
Closing Costs
|
1.000%
|
$3,357
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$160,467
|
|
Total Invested
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|
$180,610
|
|
Mortgage
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|
Mortgage Amount
|
|
$318,941.60
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|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$225.92
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,304
$2304.23
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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%
|
$830
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Property Taxes
|
2.049%
|
$6,879
|
|
Property Insurance
|
1.419%
|
$4,764
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
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Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$50,359
|
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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 |
$345,800 |
$356,174 |
$366,859 |
$377,865 |
$389,201 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,072 |
$10,374 |
$10,685 |
$11,006 |
$11,336 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,304 |
$2,373 |
$2,445 |
$2,518 |
$2,593 |
| 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 |
$2,304 |
$2,373 |
$2,445 |
$2,518 |
$2,593 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$69 |
$71 |
$73 |
$76 |
$78 |
| Monthly Gross Operating Income |
$2,235 |
$2,302 |
$2,371 |
$2,442 |
$2,516 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$27,651 |
$28,480 |
$29,335 |
$30,215 |
$31,121 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$27,651 |
$28,480 |
$29,335 |
$30,215 |
$31,121 |
| Annual Vacancy Dollar |
$830 |
$854 |
$880 |
$906 |
$934 |
| Annual Gross Operating Income |
$26,821 |
$27,626 |
$28,455 |
$29,308 |
$30,188 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.049% |
2.049% |
2.049% |
2.049% |
2.049% |
| Property Taxes Dollar |
$6,879 |
$7,085 |
$7,298 |
$7,517 |
$7,742 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$4,764 |
$4,907 |
$5,054 |
$5,206 |
$5,362 |
| 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 |
$2,682 |
$2,763 |
$2,845 |
$2,931 |
$3,019 |
| 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 |
$14,325 |
$14,755 |
$15,198 |
$15,654 |
$16,123 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$12,496 |
$12,871 |
$13,257 |
$13,655 |
$14,064 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,191 |
$24,191 |
$24,191 |
$24,191 |
$24,191 |
| Principal |
$3,565 |
$3,804 |
$4,058 |
$4,330 |
$4,620 |
| Interest |
$20,626 |
$20,387 |
$20,133 |
$19,861 |
$19,571 |
| Loan Balance at End of Year |
$315,377 |
$311,573 |
$307,515 |
$303,184 |
$298,564 |
| 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 |
$2,711 |
$2,711 |
$2,711 |
$2,711 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$30,423 |
$44,601 |
$59,344 |
$74,680 |
$90,637 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$14,406 |
-$14,031 |
-$13,645 |
-$13,247 |
-$10,127 |
| Monhtly Cash Flow |
-$1,201 |
-$1,169 |
-$1,137 |
-$1,104 |
-$844 |
| Cash on Cash Return on Investment |
-0.080% |
-0.078% |
-0.076% |
-0.073% |
-0.056% |
| 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 |