Boise Deal Analysis
Let's look at deal analysis for Boise, ID 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 Boise, Idaho Nomad™ Property with 10% Higher Rents
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Typical Boise, Idaho Nomad™ Property with 10% Higher Rents
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Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$485,966
|
|
Purchase Price
|
|
$485,966
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$24,298
|
|
Closing Costs
|
1.000%
|
$4,860
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$64,463
|
|
Total Invested
|
|
$93,621
|
|
Mortgage
|
|
Mortgage Amount
|
|
$461,667.70
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$327.01
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,058
$3058.44
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$1,101
|
|
Property Taxes
|
0.799%
|
$3,883
|
|
Property Insurance
|
0.404%
|
$1,963
|
|
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%
|
$72,895
|
|
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 |
$500,545 |
$515,561 |
$531,028 |
$546,959 |
$563,368 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$14,579 |
$15,016 |
$15,467 |
$15,931 |
$16,409 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,058 |
$3,150 |
$3,245 |
$3,342 |
$3,442 |
| 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 |
$3,058 |
$3,150 |
$3,245 |
$3,342 |
$3,442 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$92 |
$95 |
$97 |
$100 |
$103 |
| Monthly Gross Operating Income |
$2,967 |
$3,056 |
$3,147 |
$3,242 |
$3,339 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$36,701 |
$37,802 |
$38,936 |
$40,104 |
$41,308 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$36,701 |
$37,802 |
$38,936 |
$40,104 |
$41,308 |
| Annual Vacancy Dollar |
$1,101 |
$1,134 |
$1,168 |
$1,203 |
$1,239 |
| Annual Gross Operating Income |
$35,600 |
$36,668 |
$37,768 |
$38,901 |
$40,068 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.799% |
0.799% |
0.799% |
0.799% |
0.799% |
| Property Taxes Dollar |
$3,883 |
$3,999 |
$4,119 |
$4,243 |
$4,370 |
| Insurance Percent |
0.404% |
0.404% |
0.404% |
0.404% |
0.404% |
| Insurance Dollar |
$1,963 |
$2,022 |
$2,083 |
$2,145 |
$2,210 |
| 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 |
$3,560 |
$3,667 |
$3,777 |
$3,890 |
$4,007 |
| 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 |
$9,406 |
$9,688 |
$9,979 |
$10,278 |
$10,587 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$26,194 |
$26,980 |
$27,789 |
$28,623 |
$29,482 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$35,017 |
$35,017 |
$35,017 |
$35,017 |
$35,017 |
| Principal |
$5,160 |
$5,506 |
$5,874 |
$6,268 |
$6,688 |
| Interest |
$29,856 |
$29,511 |
$29,142 |
$28,749 |
$28,329 |
| Loan Balance at End of Year |
$456,508 |
$451,002 |
$445,127 |
$438,860 |
$432,172 |
| 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 |
$3,924 |
$3,924 |
$3,924 |
$3,924 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$44,037 |
$64,559 |
$85,901 |
$108,099 |
$131,196 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,747 |
-$11,961 |
-$11,152 |
-$10,318 |
-$5,535 |
| Monhtly Cash Flow |
-$1,062 |
-$997 |
-$929 |
-$860 |
-$461 |
| 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 |