Mobile Deal Analysis

Let's look at deal analysis for Mobile, AL and for 15 Buy 10 Nomads™ with 10% Higher Rents.

The World's Greatest Real Estate Deal Analysis Spreadsheet™

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