Charleston Deal Analysis
Let's look at deal analysis for Charleston, WV 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 Charleston, West Virginia Nomad™ Property with 10% Higher Rents
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Typical Charleston, West 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
|
|
$133,430
|
|
Purchase Price
|
|
$133,430
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$6,672
|
|
Closing Costs
|
1.000%
|
$1,334
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$1,599
|
|
Total Invested
|
|
$9,604
|
|
Mortgage
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|
Mortgage Amount
|
|
$126,758.50
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|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$89.79
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
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|
$1,167
$1166.55
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$420
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Property Taxes
|
1.000%
|
$1,334
|
|
Property Insurance
|
0.800%
|
$1,067
|
|
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
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$20,015
|
|
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 |
$137,433 |
$141,556 |
$145,803 |
$150,177 |
$154,682 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,003 |
$4,123 |
$4,247 |
$4,374 |
$4,505 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,167 |
$1,202 |
$1,238 |
$1,275 |
$1,313 |
| 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 |
$1,167 |
$1,202 |
$1,238 |
$1,275 |
$1,313 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$35 |
$36 |
$37 |
$38 |
$39 |
| Monthly Gross Operating Income |
$1,132 |
$1,166 |
$1,200 |
$1,236 |
$1,274 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$13,999 |
$14,419 |
$14,851 |
$15,297 |
$15,756 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$13,999 |
$14,419 |
$14,851 |
$15,297 |
$15,756 |
| Annual Vacancy Dollar |
$420 |
$433 |
$446 |
$459 |
$473 |
| Annual Gross Operating Income |
$13,579 |
$13,986 |
$14,406 |
$14,838 |
$15,283 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$1,334 |
$1,374 |
$1,416 |
$1,458 |
$1,502 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$1,067 |
$1,099 |
$1,132 |
$1,166 |
$1,201 |
| 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 |
$1,358 |
$1,399 |
$1,441 |
$1,484 |
$1,528 |
| 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 |
$3,760 |
$3,872 |
$3,989 |
$4,108 |
$4,231 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$9,819 |
$10,114 |
$10,417 |
$10,730 |
$11,051 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$9,614 |
$9,614 |
$9,614 |
$9,614 |
$9,614 |
| Principal |
$1,417 |
$1,512 |
$1,613 |
$1,721 |
$1,836 |
| Interest |
$8,198 |
$8,103 |
$8,001 |
$7,893 |
$7,778 |
| Loan Balance at End of Year |
$125,342 |
$123,830 |
$122,217 |
$120,496 |
$118,660 |
| 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 |
$1,077 |
$1,077 |
$1,077 |
$1,077 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$12,091 |
$17,726 |
$23,586 |
$29,681 |
$36,022 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$873 |
-$578 |
-$275 |
$38 |
$1,437 |
| Monhtly Cash Flow |
-$73 |
-$48 |
-$23 |
$3 |
$120 |
| Cash on Cash Return on Investment |
-0.091% |
-0.060% |
-0.029% |
0.004% |
0.150% |
| 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 |