Virginia Beach Deal Analysis
Let's look at deal analysis for Virginia Beach, 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 Virginia Beach, Virginia Nomad™ Property with 10% Higher Rents
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Typical Virginia Beach, 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/#
|
|
ARV
|
|
$338,191
|
|
Purchase Price
|
|
$338,191
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,910
|
|
Closing Costs
|
1.000%
|
$3,382
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$20,291
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|
Mortgage
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|
Mortgage Amount
|
|
$321,281.45
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|
Mortgage Interest Rate
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6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$227.57
|
|
Drop PMI LTV
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80.000%
|
|
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Income
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|
Monthly Rent
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|
$3,688
$3687.92
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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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$1,328
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Property Taxes
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0.865%
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$2,925
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Property Insurance
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0.367%
|
$1,241
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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
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|
$0
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Management
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0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$50,729
|
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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 |
$348,337 |
$358,787 |
$369,550 |
$380,637 |
$392,056 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,146 |
$10,450 |
$10,764 |
$11,087 |
$11,419 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,688 |
$3,799 |
$3,913 |
$4,030 |
$4,151 |
| 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 |
$3,688 |
$3,799 |
$3,913 |
$4,030 |
$4,151 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$111 |
$114 |
$117 |
$121 |
$125 |
| Monthly Gross Operating Income |
$3,577 |
$3,685 |
$3,795 |
$3,909 |
$4,026 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$44,255 |
$45,583 |
$46,950 |
$48,359 |
$49,809 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$44,255 |
$45,583 |
$46,950 |
$48,359 |
$49,809 |
| Annual Vacancy Dollar |
$1,328 |
$1,367 |
$1,409 |
$1,451 |
$1,494 |
| Annual Gross Operating Income |
$42,927 |
$44,215 |
$45,542 |
$46,908 |
$48,315 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.865% |
0.865% |
0.865% |
0.865% |
0.865% |
| Property Taxes Dollar |
$2,925 |
$3,013 |
$3,104 |
$3,197 |
$3,293 |
| Insurance Percent |
0.367% |
0.367% |
0.367% |
0.367% |
0.367% |
| Insurance Dollar |
$1,241 |
$1,278 |
$1,317 |
$1,356 |
$1,397 |
| 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 |
$4,293 |
$4,422 |
$4,554 |
$4,691 |
$4,832 |
| 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 |
$8,459 |
$8,713 |
$8,974 |
$9,244 |
$9,521 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$34,468 |
$35,502 |
$36,567 |
$37,664 |
$38,794 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,369 |
$24,369 |
$24,369 |
$24,369 |
$24,369 |
| Principal |
$3,591 |
$3,832 |
$4,088 |
$4,362 |
$4,654 |
| Interest |
$20,778 |
$20,537 |
$20,280 |
$20,007 |
$19,715 |
| Loan Balance at End of Year |
$317,690 |
$313,859 |
$309,771 |
$305,409 |
$300,755 |
| 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 |
$2,731 |
$2,731 |
$2,731 |
$2,731 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$30,646 |
$44,928 |
$59,780 |
$75,228 |
$91,302 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$7,369 |
$8,403 |
$9,468 |
$10,565 |
$14,426 |
| Monhtly Cash Flow |
$614 |
$700 |
$789 |
$880 |
$1,202 |
| Cash on Cash Return on Investment |
0.363% |
0.414% |
0.467% |
0.521% |
0.711% |
| 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 |