Richmond Deal Analysis

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

Typical Richmond, Virginia Nomad™ Property with 10% Higher Rents
Purchase Inputs
	Percents	Dollars/#
ARV		$290,066
Purchase Price		$290,066
Seller Concessions	—	$0
Down Payment	5.000%	$14,503
Closing Costs	1.000%	$2,901
Rent Ready Costs		$0
Cumulative Negative Cash Flow		$0
Total Invested		$17,404
Mortgage
Mortgage Amount		$275,562.70
Mortgage Interest Rate	6.500%
Loan Term		360
Private Mortgage Insurance	0.850%	$195.19
Drop PMI LTV	80.000%
Income
Monthly Rent		$2,772 $2772.00
Other Income		$0
Annual Expenses
Vacancy Rate	3.000%	$998
Property Taxes	1.005%	$2,915
Property Insurance	0.367%	$1,065
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%	$43,510
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	$298,768	$307,731	$316,963	$326,472	$336,266
Appreciation Rate	3.000%	3.000%	3.000%	3.000%	3.000%
Appreciation Dollar	$8,702	$8,963	$9,232	$9,509	$9,794
Monthly Income	1	2	3	4	5
Rent Appreciation Rate		3.000%	3.000%	3.000%	3.000%
Monthly Rent	$2,772	$2,855	$2,941	$3,029	$3,120
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	$2,772	$2,855	$2,941	$3,029	$3,120
Vacancy Percent	3.000%	3.000%	3.000%	3.000%	3.000%
Monthly Vacancy Dollar	$83	$86	$88	$91	$94
Monthly Gross Operating Income	$2,689	$2,770	$2,853	$2,938	$3,026
Annual Income	1	2	3	4	5
Annual Rent	$33,264	$34,262	$35,290	$36,348	$37,439
Annual Other Income	$0	$0	$0	$0	$0
Annual Gross Potential Income	$33,264	$34,262	$35,290	$36,348	$37,439
Annual Vacancy Dollar	$998	$1,028	$1,059	$1,090	$1,123
Annual Gross Operating Income	$32,266	$33,234	$34,231	$35,258	$36,316
Annual Expenses	1	2	3	4	5
Property Taxes Percent	1.005%	1.005%	1.005%	1.005%	1.005%
Property Taxes Dollar	$2,915	$3,003	$3,093	$3,185	$3,281
Insurance Percent	0.367%	0.367%	0.367%	0.367%	0.367%
Insurance Dollar	$1,065	$1,096	$1,129	$1,163	$1,198
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	$3,227	$3,323	$3,423	$3,526	$3,632
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	$7,206	$7,423	$7,645	$7,875	$8,111
Net Operating Income	1	2	3	4	5
Net Operating Income (NOI)	$25,060	$25,812	$26,586	$27,383	$28,205
Mortgage	1	2	3	4	5
Total Annual P&I Payments	$20,901	$20,901	$20,901	$20,901	$20,901
Principal	$3,080	$3,286	$3,506	$3,741	$3,992
Interest	$17,821	$17,615	$17,395	$17,160	$16,909
Loan Balance at End of Year	$272,483	$269,196	$265,690	$261,949	$257,957
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	$2,342	$2,342	$2,342	$2,342	$0
Equity	1	2	3	4	5
ARV - Loan Balance at End of Year	$26,285	$38,535	$51,273	$64,523	$78,309
Cash Flow	1	2	3	4	5
Annual Cash Flow	$1,817	$2,568	$3,343	$4,140	$7,304
Monhtly Cash Flow	$151	$214	$279	$345	$609
Cash on Cash Return on Investment	0.104%	0.148%	0.192%	0.238%	0.420%
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