Westminster Deal Analysis
Let's look at deal analysis for Westminster, 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 Westminster, Colorado Nomad™ Property with 10% Higher Rents
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Typical Westminster, Colorado Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$528,462
|
|
Purchase Price
|
|
$528,462
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$26,423
|
|
Closing Costs
|
1.000%
|
$5,285
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$127,808
|
|
Total Invested
|
|
$159,516
|
|
Mortgage
|
|
Mortgage Amount
|
|
$502,038.90
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$355.61
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,888
$2887.50
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$1,040
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Property Taxes
|
0.547%
|
$2,891
|
|
Property Insurance
|
0.508%
|
$2,685
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$79,269
|
|
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 |
$544,316 |
$560,645 |
$577,465 |
$594,789 |
$612,632 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$15,854 |
$16,329 |
$16,819 |
$17,324 |
$17,844 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,888 |
$2,974 |
$3,063 |
$3,155 |
$3,250 |
| 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 |
$2,888 |
$2,974 |
$3,063 |
$3,155 |
$3,250 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$87 |
$89 |
$92 |
$95 |
$97 |
| Monthly Gross Operating Income |
$2,801 |
$2,885 |
$2,971 |
$3,061 |
$3,152 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$34,650 |
$35,690 |
$36,760 |
$37,863 |
$38,999 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$34,650 |
$35,690 |
$36,760 |
$37,863 |
$38,999 |
| Annual Vacancy Dollar |
$1,040 |
$1,071 |
$1,103 |
$1,136 |
$1,170 |
| Annual Gross Operating Income |
$33,611 |
$34,619 |
$35,657 |
$36,727 |
$37,829 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.547% |
0.547% |
0.547% |
0.547% |
0.547% |
| Property Taxes Dollar |
$2,891 |
$2,977 |
$3,067 |
$3,159 |
$3,253 |
| Insurance Percent |
0.508% |
0.508% |
0.508% |
0.508% |
0.508% |
| Insurance Dollar |
$2,685 |
$2,765 |
$2,848 |
$2,934 |
$3,022 |
| 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 |
$3,361 |
$3,462 |
$3,566 |
$3,673 |
$3,783 |
| 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 |
$8,936 |
$9,204 |
$9,481 |
$9,765 |
$10,058 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,674 |
$25,414 |
$26,177 |
$26,962 |
$27,771 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$38,079 |
$38,079 |
$38,079 |
$38,079 |
$38,079 |
| Principal |
$5,611 |
$5,987 |
$6,388 |
$6,816 |
$7,273 |
| Interest |
$32,467 |
$32,092 |
$31,691 |
$31,263 |
$30,806 |
| Loan Balance at End of Year |
$496,427 |
$490,440 |
$484,052 |
$477,236 |
$469,963 |
| 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 |
$4,267 |
$4,267 |
$4,267 |
$4,267 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$47,888 |
$70,205 |
$93,413 |
$117,553 |
$142,669 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$17,672 |
-$16,932 |
-$16,169 |
-$15,384 |
-$10,308 |
| Monhtly Cash Flow |
-$1,473 |
-$1,411 |
-$1,347 |
-$1,282 |
-$859 |
| Cash on Cash Return on Investment |
-0.111% |
-0.106% |
-0.101% |
-0.096% |
-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 |