Chesapeake Deal Analysis
Let's look at deal analysis for Chesapeake, VA 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 Chesapeake, Virginia Nomad™ Property with 10% Higher Rents
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Typical Chesapeake, Virginia 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
|
|
$334,135
|
|
Purchase Price
|
|
$334,135
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,707
|
|
Closing Costs
|
1.000%
|
$3,341
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$20,048
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Mortgage
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|
Mortgage Amount
|
|
$317,428.25
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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%
|
$224.85
|
|
Drop PMI LTV
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80.000%
|
|
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Income
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|
Monthly Rent
|
|
$3,061
$3060.75
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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%
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$1,102
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Property Taxes
|
0.968%
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$3,234
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Property Insurance
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0.367%
|
$1,226
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
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%
|
$50,120
|
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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 |
$344,159 |
$354,484 |
$365,118 |
$376,072 |
$387,354 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,024 |
$10,325 |
$10,635 |
$10,954 |
$11,282 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,061 |
$3,153 |
$3,247 |
$3,345 |
$3,445 |
| 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 |
$3,061 |
$3,153 |
$3,247 |
$3,345 |
$3,445 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$92 |
$95 |
$97 |
$100 |
$103 |
| Monthly Gross Operating Income |
$2,969 |
$3,058 |
$3,150 |
$3,244 |
$3,342 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$36,729 |
$37,831 |
$38,966 |
$40,135 |
$41,339 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$36,729 |
$37,831 |
$38,966 |
$40,135 |
$41,339 |
| Annual Vacancy Dollar |
$1,102 |
$1,135 |
$1,169 |
$1,204 |
$1,240 |
| Annual Gross Operating Income |
$35,627 |
$36,696 |
$37,797 |
$38,931 |
$40,099 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.968% |
0.968% |
0.968% |
0.968% |
0.968% |
| Property Taxes Dollar |
$3,234 |
$3,331 |
$3,431 |
$3,534 |
$3,640 |
| Insurance Percent |
0.367% |
0.367% |
0.367% |
0.367% |
0.367% |
| Insurance Dollar |
$1,226 |
$1,263 |
$1,301 |
$1,340 |
$1,380 |
| 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 |
$3,563 |
$3,670 |
$3,780 |
$3,893 |
$4,010 |
| 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 |
$8,023 |
$8,264 |
$8,512 |
$8,767 |
$9,030 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$27,604 |
$28,432 |
$29,285 |
$30,163 |
$31,068 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,076 |
$24,076 |
$24,076 |
$24,076 |
$24,076 |
| Principal |
$3,548 |
$3,786 |
$4,039 |
$4,310 |
$4,598 |
| Interest |
$20,528 |
$20,291 |
$20,037 |
$19,767 |
$19,478 |
| Loan Balance at End of Year |
$313,880 |
$310,095 |
$306,056 |
$301,746 |
$297,148 |
| 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 |
$2,698 |
$2,698 |
$2,698 |
$2,698 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$30,279 |
$44,389 |
$59,063 |
$74,326 |
$90,206 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$829 |
$1,657 |
$2,510 |
$3,389 |
$6,992 |
| Monhtly Cash Flow |
$69 |
$138 |
$209 |
$282 |
$583 |
| Cash on Cash Return on Investment |
0.041% |
0.083% |
0.125% |
0.169% |
0.349% |
| 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 |