South Bend Deal Analysis
Let's look at deal analysis for South Bend, IN 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 South Bend, Indiana Nomad™ Property with 10% Higher Rents
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Typical South Bend, Indiana 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/#
|
|
ARV
|
|
$141,594
|
|
Purchase Price
|
|
$141,594
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$7,080
|
|
Closing Costs
|
1.000%
|
$1,416
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$8,496
|
|
Mortgage
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|
Mortgage Amount
|
|
$134,514.30
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|
Mortgage Interest Rate
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6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$95.28
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,166
$2165.63
|
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Other Income
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|
$0
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|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$780
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Property Taxes
|
1.269%
|
$1,797
|
|
Property Insurance
|
1.123%
|
$1,590
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
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%
|
$21,239
|
|
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 |
$145,842 |
$150,217 |
$154,724 |
$159,365 |
$164,146 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,248 |
$4,375 |
$4,507 |
$4,642 |
$4,781 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,166 |
$2,231 |
$2,298 |
$2,366 |
$2,437 |
| 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 |
$2,166 |
$2,231 |
$2,298 |
$2,366 |
$2,437 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$65 |
$67 |
$69 |
$71 |
$73 |
| Monthly Gross Operating Income |
$2,101 |
$2,164 |
$2,229 |
$2,295 |
$2,364 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,988 |
$26,767 |
$27,570 |
$28,397 |
$29,249 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,988 |
$26,767 |
$27,570 |
$28,397 |
$29,249 |
| Annual Vacancy Dollar |
$780 |
$803 |
$827 |
$852 |
$877 |
| Annual Gross Operating Income |
$25,208 |
$25,964 |
$26,743 |
$27,545 |
$28,372 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.269% |
1.269% |
1.269% |
1.269% |
1.269% |
| Property Taxes Dollar |
$1,797 |
$1,851 |
$1,906 |
$1,963 |
$2,022 |
| Insurance Percent |
1.123% |
1.123% |
1.123% |
1.123% |
1.123% |
| Insurance Dollar |
$1,590 |
$1,638 |
$1,687 |
$1,738 |
$1,790 |
| 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 |
$2,521 |
$2,596 |
$2,674 |
$2,755 |
$2,837 |
| 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 |
$5,908 |
$6,085 |
$6,268 |
$6,456 |
$6,649 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$19,300 |
$19,879 |
$20,476 |
$21,090 |
$21,723 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,203 |
$10,203 |
$10,203 |
$10,203 |
$10,203 |
| Principal |
$1,503 |
$1,604 |
$1,712 |
$1,826 |
$1,949 |
| Interest |
$8,699 |
$8,598 |
$8,491 |
$8,376 |
$8,254 |
| Loan Balance at End of Year |
$133,011 |
$131,407 |
$129,695 |
$127,869 |
$125,920 |
| 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 |
$1,143 |
$1,143 |
$1,143 |
$1,143 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$12,831 |
$18,810 |
$25,029 |
$31,496 |
$38,226 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$7,954 |
$8,533 |
$9,130 |
$9,744 |
$11,520 |
| Monhtly Cash Flow |
$663 |
$711 |
$761 |
$812 |
$960 |
| Cash on Cash Return on Investment |
0.936% |
1.004% |
1.075% |
1.147% |
1.356% |
| 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 |