Cedar Rapids Deal Analysis
Let's look at deal analysis for Cedar Rapids, IA 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 Cedar Rapids, Iowa Nomad™ Property with 10% Higher Rents
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Typical Cedar Rapids, Iowa 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/#
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|
ARV
|
|
$169,253
|
|
Purchase Price
|
|
$169,253
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$8,463
|
|
Closing Costs
|
1.000%
|
$1,693
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$10,108
|
|
Total Invested
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$20,263
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Mortgage
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|
Mortgage Amount
|
|
$160,790.35
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$113.89
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$1,502
$1501.50
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|
Other Income
|
|
$0
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Annual Expenses
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|
Vacancy Rate
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3.000%
|
$541
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Property Taxes
|
1.899%
|
$3,214
|
|
Property Insurance
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1.155%
|
$1,955
|
|
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
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|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$25,388
|
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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 |
$174,331 |
$179,561 |
$184,947 |
$190,496 |
$196,211 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,078 |
$5,230 |
$5,387 |
$5,548 |
$5,715 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,502 |
$1,547 |
$1,593 |
$1,641 |
$1,690 |
| 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 |
$1,502 |
$1,547 |
$1,593 |
$1,641 |
$1,690 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$45 |
$46 |
$48 |
$49 |
$51 |
| Monthly Gross Operating Income |
$1,456 |
$1,500 |
$1,545 |
$1,592 |
$1,639 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$18,018 |
$18,559 |
$19,115 |
$19,689 |
$20,279 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$18,018 |
$18,559 |
$19,115 |
$19,689 |
$20,279 |
| Annual Vacancy Dollar |
$541 |
$557 |
$573 |
$591 |
$608 |
| Annual Gross Operating Income |
$17,477 |
$18,002 |
$18,542 |
$19,098 |
$19,671 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.899% |
1.899% |
1.899% |
1.899% |
1.899% |
| Property Taxes Dollar |
$3,214 |
$3,311 |
$3,410 |
$3,512 |
$3,618 |
| Insurance Percent |
1.155% |
1.155% |
1.155% |
1.155% |
1.155% |
| Insurance Dollar |
$1,955 |
$2,014 |
$2,074 |
$2,136 |
$2,200 |
| 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 |
$1,748 |
$1,800 |
$1,854 |
$1,910 |
$1,967 |
| 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 |
$6,917 |
$7,124 |
$7,338 |
$7,558 |
$7,785 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$10,561 |
$10,878 |
$11,204 |
$11,540 |
$11,886 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,196 |
$12,196 |
$12,196 |
$12,196 |
$12,196 |
| Principal |
$1,797 |
$1,917 |
$2,046 |
$2,183 |
$2,329 |
| Interest |
$10,398 |
$10,278 |
$10,150 |
$10,013 |
$9,866 |
| Loan Balance at End of Year |
$158,993 |
$157,076 |
$155,030 |
$152,847 |
$150,518 |
| 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 |
$1,367 |
$1,367 |
$1,367 |
$1,367 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$15,337 |
$22,485 |
$29,918 |
$37,649 |
$45,693 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,002 |
-$2,685 |
-$2,358 |
-$2,022 |
-$309 |
| Monhtly Cash Flow |
-$250 |
-$224 |
-$197 |
-$169 |
-$26 |
| Cash on Cash Return on Investment |
-0.148% |
-0.132% |
-0.116% |
-0.100% |
-0.015% |
| 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 |