Bellevue Deal Analysis
Let's look at deal analysis for Bellevue, WA 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 Bellevue, Washington Nomad™ Property with 10% Higher Rents
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Typical Bellevue, Washington Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
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|
ARV
|
|
$1,534,370
|
|
Purchase Price
|
|
$1,534,370
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$76,719
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|
Closing Costs
|
1.000%
|
$15,344
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$1,489,090
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Total Invested
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$1,581,153
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Mortgage
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|
Mortgage Amount
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$1,457,651.50
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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%
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$1,032.50
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|
Drop PMI LTV
|
80.000%
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|
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Income
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|
Monthly Rent
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|
$5,198
$5197.50
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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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$1,871
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Property Taxes
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0.756%
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$11,600
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Property Insurance
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0.229%
|
$3,514
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|
HOA Dues
|
|
$0
|
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Utilities
|
|
$0
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|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$0
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Maintenance
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10.000%
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|
|
CapEx
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|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$230,156
|
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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 |
$1,580,401 |
$1,627,813 |
$1,676,648 |
$1,726,947 |
$1,778,755 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$46,031 |
$47,412 |
$48,834 |
$50,299 |
$51,808 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$5,198 |
$5,353 |
$5,514 |
$5,679 |
$5,850 |
| 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 |
$5,198 |
$5,353 |
$5,514 |
$5,679 |
$5,850 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$156 |
$161 |
$165 |
$170 |
$175 |
| Monthly Gross Operating Income |
$5,042 |
$5,193 |
$5,349 |
$5,509 |
$5,674 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$62,370 |
$64,241 |
$66,168 |
$68,153 |
$70,198 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$62,370 |
$64,241 |
$66,168 |
$68,153 |
$70,198 |
| Annual Vacancy Dollar |
$1,871 |
$1,927 |
$1,985 |
$2,045 |
$2,106 |
| Annual Gross Operating Income |
$60,499 |
$62,314 |
$64,183 |
$66,109 |
$68,092 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.756% |
0.756% |
0.756% |
0.756% |
0.756% |
| Property Taxes Dollar |
$11,600 |
$11,948 |
$12,306 |
$12,675 |
$13,056 |
| Insurance Percent |
0.229% |
0.229% |
0.229% |
0.229% |
0.229% |
| Insurance Dollar |
$3,514 |
$3,619 |
$3,728 |
$3,840 |
$3,955 |
| 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 |
$6,050 |
$6,231 |
$6,418 |
$6,611 |
$6,809 |
| 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 |
$21,163 |
$21,798 |
$22,452 |
$23,126 |
$23,820 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$39,335 |
$40,516 |
$41,731 |
$42,983 |
$44,272 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$110,560 |
$110,560 |
$110,560 |
$110,560 |
$110,560 |
| Principal |
$16,293 |
$17,384 |
$18,548 |
$19,790 |
$21,115 |
| Interest |
$94,268 |
$93,177 |
$92,012 |
$90,770 |
$89,445 |
| Loan Balance at End of Year |
$1,441,359 |
$1,423,975 |
$1,405,427 |
$1,385,637 |
$1,364,522 |
| 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 |
$12,390 |
$12,390 |
$12,390 |
$12,390 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$139,042 |
$203,838 |
$271,220 |
$341,310 |
$414,234 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$83,615 |
-$82,435 |
-$81,219 |
-$79,967 |
-$66,288 |
| Monhtly Cash Flow |
-$6,968 |
-$6,870 |
-$6,768 |
-$6,664 |
-$5,524 |
| Cash on Cash Return on Investment |
-0.053% |
-0.052% |
-0.051% |
-0.051% |
-0.042% |
| 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 |