Lakewood Deal Analysis
Let's look at deal analysis for Lakewood, 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 Lakewood, Colorado Nomad™ Property with 10% Higher Rents
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Typical Lakewood, Colorado 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
|
|
$591,144
|
|
Purchase Price
|
|
$591,144
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$29,557
|
|
Closing Costs
|
1.000%
|
$5,911
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$178,788
|
|
Total Invested
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$214,257
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Mortgage
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|
Mortgage Amount
|
|
$561,586.80
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Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$397.79
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|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$3,061
$3060.75
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Other Income
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|
$0
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Annual Expenses
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Vacancy Rate
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3.000%
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$1,102
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Property Taxes
|
0.543%
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$3,210
|
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Property Insurance
|
0.508%
|
$3,003
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$0
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Maintenance
|
10.000%
|
|
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CapEx
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$88,672
|
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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 |
$608,878 |
$627,145 |
$645,959 |
$665,338 |
$685,298 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$17,734 |
$18,266 |
$18,814 |
$19,379 |
$19,960 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,061 |
$3,153 |
$3,247 |
$3,345 |
$3,445 |
| 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 |
$3,061 |
$3,153 |
$3,247 |
$3,345 |
$3,445 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$92 |
$95 |
$97 |
$100 |
$103 |
| Monthly Gross Operating Income |
$2,969 |
$3,058 |
$3,150 |
$3,244 |
$3,342 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$36,729 |
$37,831 |
$38,966 |
$40,135 |
$41,339 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$36,729 |
$37,831 |
$38,966 |
$40,135 |
$41,339 |
| Annual Vacancy Dollar |
$1,102 |
$1,135 |
$1,169 |
$1,204 |
$1,240 |
| Annual Gross Operating Income |
$35,627 |
$36,696 |
$37,797 |
$38,931 |
$40,099 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.543% |
0.543% |
0.543% |
0.543% |
0.543% |
| Property Taxes Dollar |
$3,210 |
$3,306 |
$3,405 |
$3,508 |
$3,613 |
| Insurance Percent |
0.508% |
0.508% |
0.508% |
0.508% |
0.508% |
| Insurance Dollar |
$3,003 |
$3,093 |
$3,186 |
$3,281 |
$3,380 |
| 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 |
$3,563 |
$3,670 |
$3,780 |
$3,893 |
$4,010 |
| 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 |
$9,776 |
$10,069 |
$10,371 |
$10,682 |
$11,003 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$25,851 |
$26,627 |
$27,426 |
$28,249 |
$29,096 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$42,595 |
$42,595 |
$42,595 |
$42,595 |
$42,595 |
| Principal |
$6,277 |
$6,697 |
$7,146 |
$7,624 |
$8,135 |
| Interest |
$36,318 |
$35,898 |
$35,449 |
$34,971 |
$34,460 |
| Loan Balance at End of Year |
$555,310 |
$548,612 |
$541,467 |
$533,842 |
$525,707 |
| 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 |
$4,773 |
$4,773 |
$4,773 |
$4,773 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$53,569 |
$78,532 |
$104,492 |
$131,496 |
$159,591 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$21,517 |
-$20,742 |
-$19,943 |
-$19,120 |
-$13,499 |
| Monhtly Cash Flow |
-$1,793 |
-$1,728 |
-$1,662 |
-$1,593 |
-$1,125 |
| Cash on Cash Return on Investment |
-0.100% |
-0.097% |
-0.093% |
-0.089% |
-0.063% |
| 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 |