Hartford Deal Analysis
Let's look at deal analysis for Hartford, CT 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 Hartford, Connecticut Nomad™ Property with 10% Higher Rents
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Typical Hartford, Connecticut Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$192,257
|
|
Purchase Price
|
|
$192,257
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$9,613
|
|
Closing Costs
|
1.000%
|
$1,923
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$25,381
|
|
Total Invested
|
|
$36,916
|
|
Mortgage
|
|
Mortgage Amount
|
|
$182,644.15
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$129.37
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,478
$1478.40
|
|
Other Income
|
|
$0
|
|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$532
|
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Property Taxes
|
2.382%
|
$4,580
|
|
Property Insurance
|
0.278%
|
$534
|
|
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%
|
$28,839
|
|
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 |
$198,025 |
$203,965 |
$210,084 |
$216,387 |
$222,879 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,768 |
$5,941 |
$6,119 |
$6,303 |
$6,492 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,478 |
$1,523 |
$1,568 |
$1,615 |
$1,664 |
| 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 |
$1,478 |
$1,523 |
$1,568 |
$1,615 |
$1,664 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$44 |
$46 |
$47 |
$48 |
$50 |
| Monthly Gross Operating Income |
$1,434 |
$1,477 |
$1,521 |
$1,567 |
$1,614 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$17,741 |
$18,273 |
$18,821 |
$19,386 |
$19,967 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$17,741 |
$18,273 |
$18,821 |
$19,386 |
$19,967 |
| Annual Vacancy Dollar |
$532 |
$548 |
$565 |
$582 |
$599 |
| Annual Gross Operating Income |
$17,209 |
$17,725 |
$18,257 |
$18,804 |
$19,368 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.382% |
2.382% |
2.382% |
2.382% |
2.382% |
| Property Taxes Dollar |
$4,580 |
$4,717 |
$4,858 |
$5,004 |
$5,154 |
| Insurance Percent |
0.278% |
0.278% |
0.278% |
0.278% |
0.278% |
| Insurance Dollar |
$534 |
$551 |
$567 |
$584 |
$602 |
| 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 |
$1,721 |
$1,772 |
$1,826 |
$1,880 |
$1,937 |
| 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 |
$6,835 |
$7,040 |
$7,251 |
$7,469 |
$7,693 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$10,374 |
$10,685 |
$11,005 |
$11,336 |
$11,676 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$13,853 |
$13,853 |
$13,853 |
$13,853 |
$13,853 |
| Principal |
$2,042 |
$2,178 |
$2,324 |
$2,480 |
$2,646 |
| Interest |
$11,812 |
$11,675 |
$11,529 |
$11,374 |
$11,207 |
| Loan Balance at End of Year |
$180,603 |
$178,424 |
$176,100 |
$173,620 |
$170,975 |
| 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 |
$1,552 |
$1,552 |
$1,552 |
$1,552 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$17,422 |
$25,541 |
$33,984 |
$42,766 |
$51,904 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,032 |
-$4,721 |
-$4,400 |
-$4,070 |
-$2,178 |
| Monhtly Cash Flow |
-$419 |
-$393 |
-$367 |
-$339 |
-$181 |
| Cash on Cash Return on Investment |
-0.136% |
-0.128% |
-0.119% |
-0.110% |
-0.059% |
| 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 |