Wichita Deal Analysis
Let's look at deal analysis for Wichita, 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 Wichita, Kansas Nomad™ Property with 10% Higher Rents
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Typical Wichita, 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/#
|
|
ARV
|
|
$158,360
|
|
Purchase Price
|
|
$158,360
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$7,918
|
|
Closing Costs
|
1.000%
|
$1,584
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$30,786
|
|
Total Invested
|
|
$40,287
|
|
Mortgage
|
|
Mortgage Amount
|
|
$150,442
|
|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$106.56
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$1,271
$1270.50
|
|
Other Income
|
|
$0
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|
Annual Expenses
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Vacancy Rate
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3.000%
|
$457
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Property Taxes
|
1.335%
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$2,114
|
|
Property Insurance
|
2.127%
|
$3,368
|
|
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%
|
$23,754
|
|
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 |
$163,111 |
$168,004 |
$173,044 |
$178,236 |
$183,583 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,751 |
$4,893 |
$5,040 |
$5,191 |
$5,347 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,271 |
$1,309 |
$1,348 |
$1,388 |
$1,430 |
| 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 |
$1,271 |
$1,309 |
$1,348 |
$1,388 |
$1,430 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$38 |
$39 |
$40 |
$42 |
$43 |
| Monthly Gross Operating Income |
$1,232 |
$1,269 |
$1,307 |
$1,347 |
$1,387 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$15,246 |
$15,703 |
$16,174 |
$16,660 |
$17,160 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$15,246 |
$15,703 |
$16,174 |
$16,660 |
$17,160 |
| Annual Vacancy Dollar |
$457 |
$471 |
$485 |
$500 |
$515 |
| Annual Gross Operating Income |
$14,789 |
$15,232 |
$15,689 |
$16,160 |
$16,645 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.335% |
1.335% |
1.335% |
1.335% |
1.335% |
| Property Taxes Dollar |
$2,114 |
$2,178 |
$2,243 |
$2,310 |
$2,379 |
| Insurance Percent |
2.127% |
2.127% |
2.127% |
2.127% |
2.127% |
| Insurance Dollar |
$3,368 |
$3,469 |
$3,573 |
$3,681 |
$3,791 |
| 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 |
$1,479 |
$1,523 |
$1,569 |
$1,616 |
$1,664 |
| 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 |
$6,961 |
$7,170 |
$7,385 |
$7,607 |
$7,835 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$7,827 |
$8,062 |
$8,304 |
$8,553 |
$8,810 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$11,411 |
$11,411 |
$11,411 |
$11,411 |
$11,411 |
| Principal |
$1,682 |
$1,794 |
$1,914 |
$2,043 |
$2,179 |
| Interest |
$9,729 |
$9,617 |
$9,496 |
$9,368 |
$9,231 |
| Loan Balance at End of Year |
$148,760 |
$146,966 |
$145,052 |
$143,009 |
$140,830 |
| 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 |
$1,279 |
$1,279 |
$1,279 |
$1,279 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$14,350 |
$21,038 |
$27,992 |
$35,226 |
$42,753 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,862 |
-$4,627 |
-$4,386 |
-$4,136 |
-$2,601 |
| Monhtly Cash Flow |
-$405 |
-$386 |
-$365 |
-$345 |
-$217 |
| Cash on Cash Return on Investment |
-0.121% |
-0.115% |
-0.109% |
-0.103% |
-0.065% |
| 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 |