Odessa Deal Analysis

Let's look at deal analysis for Odessa, 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 Odessa, Texas Nomad™ Property with 10% Higher Rents

Typical Odessa, Texas Nomad™ Property with 10% Higher Rents
Purchase Inputs
	Percents	Dollars/#
ARV		$176,949
Purchase Price		$176,949
Seller Concessions	—	$0
Down Payment	5.000%	$8,847
Closing Costs	1.000%	$1,769
Rent Ready Costs		$0
Cumulative Negative Cash Flow		$0
Total Invested		$10,617
Mortgage
Mortgage Amount		$168,101.55
Mortgage Interest Rate	6.500%
Loan Term		360
Private Mortgage Insurance	0.850%	$119.07
Drop PMI LTV	80.000%
Income
Monthly Rent		$1,964 $1963.50
Other Income		$0
Annual Expenses
Vacancy Rate	3.000%	$707
Property Taxes	1.679%	$2,971
Property Insurance	1.420%	$2,513
HOA Dues		$0
Utilities		$0
Other Expenses 1		$0
Other Expenses 2		$0
Maintenance	10.000%
CapEx		$0
Management	0.000%
Depreciation Details
Land Value	15.000%	$26,542
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	$182,257	$187,725	$193,357	$199,158	$205,132
Appreciation Rate	3.000%	3.000%	3.000%	3.000%	3.000%
Appreciation Dollar	$5,308	$5,468	$5,632	$5,801	$5,975
Monthly Income	1	2	3	4	5
Rent Appreciation Rate		3.000%	3.000%	3.000%	3.000%
Monthly Rent	$1,964	$2,022	$2,083	$2,146	$2,210
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	$1,964	$2,022	$2,083	$2,146	$2,210
Vacancy Percent	3.000%	3.000%	3.000%	3.000%	3.000%
Monthly Vacancy Dollar	$59	$61	$62	$64	$66
Monthly Gross Operating Income	$1,905	$1,962	$2,021	$2,081	$2,144
Annual Income	1	2	3	4	5
Annual Rent	$23,562	$24,269	$24,997	$25,747	$26,519
Annual Other Income	$0	$0	$0	$0	$0
Annual Gross Potential Income	$23,562	$24,269	$24,997	$25,747	$26,519
Annual Vacancy Dollar	$707	$728	$750	$772	$796
Annual Gross Operating Income	$22,855	$23,541	$24,247	$24,974	$25,724
Annual Expenses	1	2	3	4	5
Property Taxes Percent	1.679%	1.679%	1.679%	1.679%	1.679%
Property Taxes Dollar	$2,971	$3,060	$3,152	$3,246	$3,344
Insurance Percent	1.420%	1.420%	1.420%	1.420%	1.420%
Insurance Dollar	$2,513	$2,588	$2,666	$2,746	$2,828
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	$2,286	$2,354	$2,425	$2,497	$2,572
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	$7,769	$8,002	$8,242	$8,490	$8,744
Net Operating Income	1	2	3	4	5
Net Operating Income (NOI)	$15,086	$15,539	$16,005	$16,485	$16,979
Mortgage	1	2	3	4	5
Total Annual P&I Payments	$12,750	$12,750	$12,750	$12,750	$12,750
Principal	$1,879	$2,005	$2,139	$2,282	$2,435
Interest	$10,871	$10,745	$10,611	$10,468	$10,315
Loan Balance at End of Year	$166,223	$164,218	$162,079	$159,796	$157,361
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	$1,429	$1,429	$1,429	$1,429	$0
Equity	1	2	3	4	5
ARV - Loan Balance at End of Year	$16,035	$23,507	$31,278	$39,361	$47,771
Cash Flow	1	2	3	4	5
Annual Cash Flow	$907	$1,359	$1,826	$2,306	$4,229
Monhtly Cash Flow	$76	$113	$152	$192	$352
Cash on Cash Return on Investment	0.085%	0.128%	0.172%	0.217%	0.398%
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