Mobile Deal Analysis
Let's look at deal analysis for Mobile, AL 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 Mobile, Alabama Nomad™ Property with 10% Higher Rents
Typical Mobile, Alabama Nomad™ Property with 10% Higher Rents
|
Purchase Inputs
|
|
Percents
|
Dollars/#
|
ARV
|
|
$158,669
|
Purchase Price
|
|
$158,669
|
Seller Concessions
|
—
|
$0
|
Down Payment
|
5.000%
|
$7,933
|
Closing Costs
|
1.000%
|
$1,587
|
Rent Ready Costs
|
|
$0
|
Cumulative Negative Cash Flow
|
|
$253
|
Total Invested
|
|
$9,773
|
Mortgage
|
Mortgage Amount
|
|
$150,735.55
|
Mortgage Interest Rate
|
6.500%
|
|
Loan Term
|
|
360
|
Private Mortgage Insurance
|
0.850%
|
$106.77
|
Drop PMI LTV
|
80.000%
|
|
Income
|
Monthly Rent
|
|
$1,588
$1588.13
|
Other Income
|
|
$0
|
Annual Expenses
|
Vacancy Rate
|
3.000%
|
$572
|
Property Taxes
|
0.693%
|
$1,100
|
Property Insurance
|
1.958%
|
$3,107
|
HOA Dues
|
|
$0
|
Utilities
|
|
$0
|
Other Expenses 1
|
|
$0
|
Other Expenses 2
|
|
$0
|
Maintenance
|
10.000%
|
|
CapEx
|
|
$0
|
Management
|
0.000%
|
|
Depreciation Details
|
Land Value
|
15.000%
|
$23,800
|
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 |
$163,429 |
$168,332 |
$173,382 |
$178,583 |
$183,941 |
Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Appreciation Dollar |
$4,760 |
$4,903 |
$5,050 |
$5,201 |
$5,358 |
Monthly Income |
1 |
2 |
3 |
4 |
5 |
Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Rent |
$1,588 |
$1,636 |
$1,685 |
$1,735 |
$1,787 |
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 |
$1,588 |
$1,636 |
$1,685 |
$1,735 |
$1,787 |
Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
Monthly Vacancy Dollar |
$48 |
$49 |
$51 |
$52 |
$54 |
Monthly Gross Operating Income |
$1,540 |
$1,587 |
$1,634 |
$1,683 |
$1,734 |
Annual Income |
1 |
2 |
3 |
4 |
5 |
Annual Rent |
$19,058 |
$19,629 |
$20,218 |
$20,825 |
$21,449 |
Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
Annual Gross Potential Income |
$19,058 |
$19,629 |
$20,218 |
$20,825 |
$21,449 |
Annual Vacancy Dollar |
$572 |
$589 |
$607 |
$625 |
$643 |
Annual Gross Operating Income |
$18,486 |
$19,040 |
$19,612 |
$20,200 |
$20,806 |
Annual Expenses |
1 |
2 |
3 |
4 |
5 |
Property Taxes Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
Property Taxes Dollar |
$1,100 |
$1,133 |
$1,167 |
$1,202 |
$1,238 |
Insurance Percent |
1.958% |
1.958% |
1.958% |
1.958% |
1.958% |
Insurance Dollar |
$3,107 |
$3,200 |
$3,296 |
$3,395 |
$3,497 |
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 |
$1,849 |
$1,904 |
$1,961 |
$2,020 |
$2,081 |
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 |
$6,055 |
$6,237 |
$6,424 |
$6,616 |
$6,815 |
Net Operating Income |
1 |
2 |
3 |
4 |
5 |
Net Operating Income (NOI) |
$12,431 |
$12,804 |
$13,188 |
$13,584 |
$13,991 |
Mortgage |
1 |
2 |
3 |
4 |
5 |
Total Annual P&I Payments |
$11,433 |
$11,433 |
$11,433 |
$11,433 |
$11,433 |
Principal |
$1,685 |
$1,798 |
$1,918 |
$2,046 |
$2,184 |
Interest |
$9,748 |
$9,635 |
$9,515 |
$9,387 |
$9,249 |
Loan Balance at End of Year |
$149,051 |
$147,253 |
$145,335 |
$143,289 |
$141,105 |
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 |
$1,281 |
$1,281 |
$1,281 |
$1,281 |
$0 |
Equity |
1 |
2 |
3 |
4 |
5 |
ARV - Loan Balance at End of Year |
$14,378 |
$21,079 |
$28,047 |
$35,295 |
$42,836 |
Cash Flow |
1 |
2 |
3 |
4 |
5 |
Annual Cash Flow |
-$283 |
$90 |
$474 |
$869 |
$2,558 |
Monhtly Cash Flow |
-$24 |
$7 |
$39 |
$72 |
$213 |
Cash on Cash Return on Investment |
-0.029% |
0.009% |
0.048% |
0.089% |
0.262% |
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 |