Cheyenne Deal Analysis
Let's look at deal analysis for Cheyenne, WY 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 Cheyenne, Wyoming Nomad™ Property with 10% Higher Rents
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Typical Cheyenne, Wyoming 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
|
|
$322,286
|
|
Purchase Price
|
|
$322,286
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,114
|
|
Closing Costs
|
1.000%
|
$3,223
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$102,834
|
|
Total Invested
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|
$122,171
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Mortgage
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|
Mortgage Amount
|
|
$306,171.70
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Mortgage Interest Rate
|
6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$216.87
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$1,877
$1876.88
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Other Income
|
|
$0
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Annual Expenses
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|
Vacancy Rate
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3.000%
|
$676
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Property Taxes
|
1.000%
|
$3,223
|
|
Property Insurance
|
0.800%
|
$2,578
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$0
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Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$48,343
|
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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 |
$331,955 |
$341,913 |
$352,171 |
$362,736 |
$373,618 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,669 |
$9,959 |
$10,257 |
$10,565 |
$10,882 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,877 |
$1,933 |
$1,991 |
$2,051 |
$2,112 |
| 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 |
$1,877 |
$1,933 |
$1,991 |
$2,051 |
$2,112 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$56 |
$58 |
$60 |
$62 |
$63 |
| Monthly Gross Operating Income |
$1,821 |
$1,875 |
$1,931 |
$1,989 |
$2,049 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,523 |
$23,198 |
$23,894 |
$24,611 |
$25,349 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,523 |
$23,198 |
$23,894 |
$24,611 |
$25,349 |
| Annual Vacancy Dollar |
$676 |
$696 |
$717 |
$738 |
$760 |
| Annual Gross Operating Income |
$21,847 |
$22,502 |
$23,177 |
$23,873 |
$24,589 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$3,223 |
$3,320 |
$3,419 |
$3,522 |
$3,627 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$2,578 |
$2,656 |
$2,735 |
$2,817 |
$2,902 |
| 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 |
$2,185 |
$2,250 |
$2,318 |
$2,387 |
$2,459 |
| 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 |
$7,986 |
$8,225 |
$8,472 |
$8,726 |
$8,988 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,861 |
$14,277 |
$14,705 |
$15,146 |
$15,601 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$23,223 |
$23,223 |
$23,223 |
$23,223 |
$23,223 |
| Principal |
$3,422 |
$3,651 |
$3,896 |
$4,157 |
$4,435 |
| Interest |
$19,800 |
$19,571 |
$19,327 |
$19,066 |
$18,787 |
| Loan Balance at End of Year |
$302,750 |
$299,098 |
$295,202 |
$291,046 |
$286,611 |
| 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 |
$2,602 |
$2,602 |
$2,602 |
$2,602 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$29,205 |
$42,815 |
$56,968 |
$71,690 |
$87,007 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$11,964 |
-$11,548 |
-$11,120 |
-$10,679 |
-$7,622 |
| Monhtly Cash Flow |
-$997 |
-$962 |
-$927 |
-$890 |
-$635 |
| Cash on Cash Return on Investment |
-0.098% |
-0.095% |
-0.091% |
-0.087% |
-0.062% |
| 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 |