Wilmington Deal Analysis
Let's look at deal analysis for Wilmington, DE 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 Wilmington, Delaware Nomad™ Property with 10% Higher Rents
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Typical Wilmington, Delaware Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$266,449
|
|
Purchase Price
|
|
$266,449
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$13,322
|
|
Closing Costs
|
1.000%
|
$2,664
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$24,107
|
|
Total Invested
|
|
$40,094
|
|
Mortgage
|
|
Mortgage Amount
|
|
$253,126.55
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|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$179.30
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$1,935
$1934.63
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$696
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Property Taxes
|
1.000%
|
$2,664
|
|
Property Insurance
|
0.800%
|
$2,132
|
|
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%
|
$39,967
|
|
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 |
$274,442 |
$282,676 |
$291,156 |
$299,891 |
$308,887 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,993 |
$8,233 |
$8,480 |
$8,735 |
$8,997 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,935 |
$1,993 |
$2,052 |
$2,114 |
$2,177 |
| 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 |
$1,935 |
$1,993 |
$2,052 |
$2,114 |
$2,177 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$58 |
$60 |
$62 |
$63 |
$65 |
| Monthly Gross Operating Income |
$1,877 |
$1,933 |
$1,991 |
$2,051 |
$2,112 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$23,216 |
$23,912 |
$24,629 |
$25,368 |
$26,129 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$23,216 |
$23,912 |
$24,629 |
$25,368 |
$26,129 |
| Annual Vacancy Dollar |
$696 |
$717 |
$739 |
$761 |
$784 |
| Annual Gross Operating Income |
$22,519 |
$23,195 |
$23,891 |
$24,607 |
$25,345 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.000% |
1.000% |
1.000% |
1.000% |
1.000% |
| Property Taxes Dollar |
$2,664 |
$2,744 |
$2,827 |
$2,912 |
$2,999 |
| Insurance Percent |
0.800% |
0.800% |
0.800% |
0.800% |
0.800% |
| Insurance Dollar |
$2,132 |
$2,196 |
$2,261 |
$2,329 |
$2,399 |
| 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 |
$2,252 |
$2,319 |
$2,389 |
$2,461 |
$2,535 |
| 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 |
$7,048 |
$7,259 |
$7,477 |
$7,702 |
$7,933 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,471 |
$15,935 |
$16,413 |
$16,906 |
$17,413 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,199 |
$19,199 |
$19,199 |
$19,199 |
$19,199 |
| Principal |
$2,829 |
$3,019 |
$3,221 |
$3,437 |
$3,667 |
| Interest |
$16,370 |
$16,180 |
$15,978 |
$15,763 |
$15,532 |
| Loan Balance at End of Year |
$250,297 |
$247,279 |
$244,058 |
$240,621 |
$236,954 |
| 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 |
$2,152 |
$2,152 |
$2,152 |
$2,152 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$24,145 |
$35,397 |
$47,098 |
$59,270 |
$71,933 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,880 |
-$5,416 |
-$4,937 |
-$4,445 |
-$1,786 |
| Monhtly Cash Flow |
-$490 |
-$451 |
-$411 |
-$370 |
-$149 |
| Cash on Cash Return on Investment |
-0.147% |
-0.135% |
-0.123% |
-0.111% |
-0.045% |
| 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 |