Spokane Deal Analysis
Let's look at deal analysis for Spokane, 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 Spokane, Washington Nomad™ Property with 10% Higher Rents
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Typical Spokane, Washington 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
|
|
$372,820
|
|
Purchase Price
|
|
$372,820
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$18,641
|
|
Closing Costs
|
1.000%
|
$3,728
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$34,563
|
|
Total Invested
|
|
$56,932
|
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Mortgage
|
|
Mortgage Amount
|
|
$354,179
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$250.88
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,541
$2541.00
|
|
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%
|
$915
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Property Taxes
|
1.130%
|
$4,213
|
|
Property Insurance
|
0.229%
|
$854
|
|
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
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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%
|
$55,923
|
|
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 |
$384,005 |
$395,525 |
$407,390 |
$419,612 |
$432,201 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,185 |
$11,520 |
$11,866 |
$12,222 |
$12,588 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,541 |
$2,617 |
$2,696 |
$2,777 |
$2,860 |
| 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 |
$2,541 |
$2,617 |
$2,696 |
$2,777 |
$2,860 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$76 |
$79 |
$81 |
$83 |
$86 |
| Monthly Gross Operating Income |
$2,465 |
$2,539 |
$2,615 |
$2,693 |
$2,774 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,492 |
$31,407 |
$32,349 |
$33,319 |
$34,319 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,492 |
$31,407 |
$32,349 |
$33,319 |
$34,319 |
| Annual Vacancy Dollar |
$915 |
$942 |
$970 |
$1,000 |
$1,030 |
| Annual Gross Operating Income |
$29,577 |
$30,465 |
$31,378 |
$32,320 |
$33,289 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.130% |
1.130% |
1.130% |
1.130% |
1.130% |
| Property Taxes Dollar |
$4,213 |
$4,339 |
$4,469 |
$4,604 |
$4,742 |
| Insurance Percent |
0.229% |
0.229% |
0.229% |
0.229% |
0.229% |
| Insurance Dollar |
$854 |
$879 |
$906 |
$933 |
$961 |
| 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 |
$2,958 |
$3,046 |
$3,138 |
$3,232 |
$3,329 |
| 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 |
$8,024 |
$8,265 |
$8,513 |
$8,768 |
$9,031 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$21,553 |
$22,199 |
$22,865 |
$23,551 |
$24,258 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$26,864 |
$26,864 |
$26,864 |
$26,864 |
$26,864 |
| Principal |
$3,959 |
$4,224 |
$4,507 |
$4,809 |
$5,131 |
| Interest |
$22,905 |
$22,640 |
$22,357 |
$22,055 |
$21,733 |
| Loan Balance at End of Year |
$350,220 |
$345,996 |
$341,490 |
$336,681 |
$331,551 |
| 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 |
$3,011 |
$3,011 |
$3,011 |
$3,011 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$33,784 |
$49,528 |
$65,901 |
$82,931 |
$100,650 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$8,321 |
-$7,675 |
-$7,009 |
-$6,323 |
-$2,606 |
| Monhtly Cash Flow |
-$693 |
-$640 |
-$584 |
-$527 |
-$217 |
| Cash on Cash Return on Investment |
-0.146% |
-0.135% |
-0.123% |
-0.111% |
-0.046% |
| 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 |