Greeley Deal Analysis
Let's look at deal analysis for Greeley, CO 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 Greeley, Colorado Nomad™ Property with 10% Higher Rents
|
Typical Greeley, Colorado Nomad™ Property with 10% Higher Rents
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$396,034
|
|
Purchase Price
|
|
$396,034
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$19,802
|
|
Closing Costs
|
1.000%
|
$3,960
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$77,611
|
|
Total Invested
|
|
$101,373
|
|
Mortgage
|
|
Mortgage Amount
|
|
$376,232.30
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$266.50
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,252
$2252.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$811
|
|
Property Taxes
|
0.517%
|
$2,047
|
|
Property Insurance
|
0.508%
|
$2,012
|
|
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%
|
$59,405
|
|
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 |
$407,915 |
$420,152 |
$432,757 |
$445,740 |
$459,112 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,881 |
$12,237 |
$12,605 |
$12,983 |
$13,372 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,252 |
$2,320 |
$2,389 |
$2,461 |
$2,535 |
| 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 |
$2,252 |
$2,320 |
$2,389 |
$2,461 |
$2,535 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$68 |
$70 |
$72 |
$74 |
$76 |
| Monthly Gross Operating Income |
$2,185 |
$2,250 |
$2,318 |
$2,387 |
$2,459 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$27,027 |
$27,838 |
$28,673 |
$29,533 |
$30,419 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$27,027 |
$27,838 |
$28,673 |
$29,533 |
$30,419 |
| Annual Vacancy Dollar |
$811 |
$835 |
$860 |
$886 |
$913 |
| Annual Gross Operating Income |
$26,216 |
$27,003 |
$27,813 |
$28,647 |
$29,507 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.517% |
0.517% |
0.517% |
0.517% |
0.517% |
| Property Taxes Dollar |
$2,047 |
$2,109 |
$2,172 |
$2,237 |
$2,304 |
| Insurance Percent |
0.508% |
0.508% |
0.508% |
0.508% |
0.508% |
| Insurance Dollar |
$2,012 |
$2,072 |
$2,134 |
$2,198 |
$2,264 |
| 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 |
$2,622 |
$2,700 |
$2,781 |
$2,865 |
$2,951 |
| 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 |
$6,681 |
$6,881 |
$7,088 |
$7,300 |
$7,519 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$19,535 |
$20,121 |
$20,725 |
$21,347 |
$21,987 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$28,536 |
$28,536 |
$28,536 |
$28,536 |
$28,536 |
| Principal |
$4,205 |
$4,487 |
$4,787 |
$5,108 |
$5,450 |
| Interest |
$24,331 |
$24,050 |
$23,749 |
$23,429 |
$23,086 |
| Loan Balance at End of Year |
$372,027 |
$367,540 |
$362,753 |
$357,645 |
$352,195 |
| 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 |
$3,198 |
$3,198 |
$3,198 |
$3,198 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$35,888 |
$52,612 |
$70,004 |
$88,095 |
$106,917 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,199 |
-$11,613 |
-$11,010 |
-$10,388 |
-$6,549 |
| Monhtly Cash Flow |
-$1,017 |
-$968 |
-$917 |
-$866 |
-$546 |
| Cash on Cash Return on Investment |
-0.120% |
-0.115% |
-0.109% |
-0.102% |
-0.065% |
| 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 |