Bakersfield Deal Analysis
Let's look at deal analysis for Bakersfield, CA 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 Bakersfield, California Nomad™ Property with 10% Higher Rents
|
Typical Bakersfield, California Nomad™ Property with 10% Higher Rents
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$334,566
|
|
Purchase Price
|
|
$334,566
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,728
|
|
Closing Costs
|
1.000%
|
$3,346
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$12,991
|
|
Total Invested
|
|
$33,065
|
|
Mortgage
|
|
Mortgage Amount
|
|
$317,837.70
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$225.14
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,570
$2569.88
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$925
|
|
Property Taxes
|
1.176%
|
$3,934
|
|
Property Insurance
|
0.173%
|
$579
|
|
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%
|
$50,185
|
|
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 |
$344,603 |
$354,941 |
$365,589 |
$376,557 |
$387,854 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,037 |
$10,338 |
$10,648 |
$10,968 |
$11,297 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,570 |
$2,647 |
$2,726 |
$2,808 |
$2,892 |
| 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 |
$2,570 |
$2,647 |
$2,726 |
$2,808 |
$2,892 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$77 |
$79 |
$82 |
$84 |
$87 |
| Monthly Gross Operating Income |
$2,493 |
$2,568 |
$2,645 |
$2,724 |
$2,806 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,839 |
$31,764 |
$32,717 |
$33,698 |
$34,709 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,839 |
$31,764 |
$32,717 |
$33,698 |
$34,709 |
| Annual Vacancy Dollar |
$925 |
$953 |
$981 |
$1,011 |
$1,041 |
| Annual Gross Operating Income |
$29,913 |
$30,811 |
$31,735 |
$32,687 |
$33,668 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.176% |
1.176% |
1.176% |
1.176% |
1.176% |
| Property Taxes Dollar |
$3,934 |
$4,053 |
$4,174 |
$4,299 |
$4,428 |
| Insurance Percent |
0.173% |
0.173% |
0.173% |
0.173% |
0.173% |
| Insurance Dollar |
$579 |
$596 |
$614 |
$632 |
$651 |
| 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 |
$2,991 |
$3,081 |
$3,174 |
$3,269 |
$3,367 |
| 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 |
$7,505 |
$7,730 |
$7,962 |
$8,201 |
$8,447 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$22,409 |
$23,081 |
$23,773 |
$24,487 |
$25,221 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,107 |
$24,107 |
$24,107 |
$24,107 |
$24,107 |
| Principal |
$3,553 |
$3,790 |
$4,044 |
$4,315 |
$4,604 |
| Interest |
$20,555 |
$20,317 |
$20,063 |
$19,792 |
$19,503 |
| Loan Balance at End of Year |
$314,285 |
$310,495 |
$306,450 |
$302,135 |
$297,531 |
| 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 |
$2,702 |
$2,702 |
$2,702 |
$2,702 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$30,318 |
$44,446 |
$59,139 |
$74,422 |
$90,323 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,400 |
-$3,728 |
-$3,036 |
-$2,322 |
$1,114 |
| Monhtly Cash Flow |
-$367 |
-$311 |
-$253 |
-$194 |
$93 |
| Cash on Cash Return on Investment |
-0.133% |
-0.113% |
-0.092% |
-0.070% |
0.034% |
| 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 |