Olathe Deal Analysis
Let's look at deal analysis for Olathe, KS 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 Olathe, Kansas Nomad™ Property with 10% Higher Rents
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Typical Olathe, Kansas 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
|
|
$333,847
|
|
Purchase Price
|
|
$333,847
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,692
|
|
Closing Costs
|
1.000%
|
$3,338
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$119,181
|
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Total Invested
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$139,212
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Mortgage
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|
Mortgage Amount
|
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$317,154.65
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
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0.850%
|
$224.65
|
|
Drop PMI LTV
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80.000%
|
|
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Income
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Monthly Rent
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$2,408
$2408.18
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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%
|
$867
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Property Taxes
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1.285%
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$4,290
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Property Insurance
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2.127%
|
$7,101
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|
HOA Dues
|
|
$0
|
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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
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0.000%
|
|
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Depreciation Details
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Land Value
|
15.000%
|
$50,077
|
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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 |
$343,862 |
$354,178 |
$364,804 |
$375,748 |
$387,020 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,015 |
$10,316 |
$10,625 |
$10,944 |
$11,272 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,408 |
$2,480 |
$2,555 |
$2,631 |
$2,710 |
| 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 |
$2,408 |
$2,480 |
$2,555 |
$2,631 |
$2,710 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$72 |
$74 |
$77 |
$79 |
$81 |
| Monthly Gross Operating Income |
$2,336 |
$2,406 |
$2,478 |
$2,553 |
$2,629 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$28,898 |
$29,765 |
$30,658 |
$31,578 |
$32,525 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$28,898 |
$29,765 |
$30,658 |
$31,578 |
$32,525 |
| Annual Vacancy Dollar |
$867 |
$893 |
$920 |
$947 |
$976 |
| Annual Gross Operating Income |
$28,031 |
$28,872 |
$29,738 |
$30,630 |
$31,549 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.285% |
1.285% |
1.285% |
1.285% |
1.285% |
| Property Taxes Dollar |
$4,290 |
$4,419 |
$4,551 |
$4,688 |
$4,828 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$7,101 |
$7,314 |
$7,533 |
$7,759 |
$7,992 |
| 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 |
$2,803 |
$2,887 |
$2,974 |
$3,063 |
$3,155 |
| 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 |
$14,194 |
$14,620 |
$15,058 |
$15,510 |
$15,975 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,837 |
$14,252 |
$14,680 |
$15,120 |
$15,574 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,056 |
$24,056 |
$24,056 |
$24,056 |
$24,056 |
| Principal |
$3,545 |
$3,782 |
$4,036 |
$4,306 |
$4,594 |
| Interest |
$20,511 |
$20,273 |
$20,020 |
$19,750 |
$19,461 |
| Loan Balance at End of Year |
$313,610 |
$309,827 |
$305,792 |
$301,486 |
$296,892 |
| 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 |
$2,696 |
$2,696 |
$2,696 |
$2,696 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$30,253 |
$44,351 |
$59,012 |
$74,262 |
$90,128 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,914 |
-$12,499 |
-$12,071 |
-$11,631 |
-$8,482 |
| Monhtly Cash Flow |
-$1,076 |
-$1,042 |
-$1,006 |
-$969 |
-$707 |
| Cash on Cash Return on Investment |
-0.093% |
-0.090% |
-0.087% |
-0.084% |
-0.061% |
| 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 |