Salt Lake City Deal Analysis
Let's look at deal analysis for Salt Lake City, UT 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 Salt Lake City, Utah Nomad™ Property with 10% Higher Rents
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Typical Salt Lake City, Utah 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
|
|
$587,661
|
|
Purchase Price
|
|
$587,661
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$29,383
|
|
Closing Costs
|
1.000%
|
$5,877
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$216,441
|
|
Total Invested
|
|
$251,701
|
|
Mortgage
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|
Mortgage Amount
|
|
$558,277.95
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$395.45
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$2,824
$2823.98
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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%
|
$1,017
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Property Taxes
|
0.674%
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$3,961
|
|
Property Insurance
|
0.260%
|
$1,528
|
|
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%
|
$88,149
|
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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 |
$605,291 |
$623,450 |
$642,153 |
$661,418 |
$681,260 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$17,630 |
$18,159 |
$18,703 |
$19,265 |
$19,843 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,824 |
$2,909 |
$2,996 |
$3,086 |
$3,178 |
| 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 |
$2,824 |
$2,909 |
$2,996 |
$3,086 |
$3,178 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$85 |
$87 |
$90 |
$93 |
$95 |
| Monthly Gross Operating Income |
$2,739 |
$2,821 |
$2,906 |
$2,993 |
$3,083 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,888 |
$34,904 |
$35,952 |
$37,030 |
$38,141 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,888 |
$34,904 |
$35,952 |
$37,030 |
$38,141 |
| Annual Vacancy Dollar |
$1,017 |
$1,047 |
$1,079 |
$1,111 |
$1,144 |
| Annual Gross Operating Income |
$32,871 |
$33,857 |
$34,873 |
$35,919 |
$36,997 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.674% |
0.674% |
0.674% |
0.674% |
0.674% |
| Property Taxes Dollar |
$3,961 |
$4,080 |
$4,202 |
$4,328 |
$4,458 |
| Insurance Percent |
0.260% |
0.260% |
0.260% |
0.260% |
0.260% |
| Insurance Dollar |
$1,528 |
$1,574 |
$1,621 |
$1,670 |
$1,720 |
| 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 |
$3,287 |
$3,386 |
$3,487 |
$3,592 |
$3,700 |
| 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 |
$8,776 |
$9,039 |
$9,310 |
$9,590 |
$9,877 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,095 |
$24,818 |
$25,563 |
$26,330 |
$27,119 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$42,344 |
$42,344 |
$42,344 |
$42,344 |
$42,344 |
| Principal |
$6,240 |
$6,658 |
$7,104 |
$7,580 |
$8,087 |
| Interest |
$36,104 |
$35,686 |
$35,241 |
$34,765 |
$34,257 |
| Loan Balance at End of Year |
$552,038 |
$545,380 |
$538,276 |
$530,696 |
$522,609 |
| 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 |
$4,745 |
$4,745 |
$4,745 |
$4,745 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$53,253 |
$78,070 |
$103,877 |
$130,721 |
$158,651 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$22,995 |
-$22,272 |
-$21,527 |
-$20,760 |
-$15,225 |
| Monhtly Cash Flow |
-$1,916 |
-$1,856 |
-$1,794 |
-$1,730 |
-$1,269 |
| Cash on Cash Return on Investment |
-0.091% |
-0.088% |
-0.086% |
-0.082% |
-0.060% |
| 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 |