Louisville Deal Analysis
Let's look at deal analysis for Louisville, KY 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 Louisville, Kentucky Nomad™ Property with 10% Higher Rents
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Typical Louisville, Kentucky Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$206,242
|
|
Purchase Price
|
|
$206,242
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$10,312
|
|
Closing Costs
|
1.000%
|
$2,062
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$15,269
|
|
Total Invested
|
|
$27,643
|
|
Mortgage
|
|
Mortgage Amount
|
|
$195,929.90
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$138.78
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,588
$1588.13
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$572
|
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Property Taxes
|
0.983%
|
$2,027
|
|
Property Insurance
|
1.069%
|
$2,205
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$30,936
|
|
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 |
$212,429 |
$218,802 |
$225,366 |
$232,127 |
$239,091 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,187 |
$6,373 |
$6,564 |
$6,761 |
$6,964 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,588 |
$1,636 |
$1,685 |
$1,735 |
$1,787 |
| 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 |
$1,588 |
$1,636 |
$1,685 |
$1,735 |
$1,787 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$48 |
$49 |
$51 |
$52 |
$54 |
| Monthly Gross Operating Income |
$1,540 |
$1,587 |
$1,634 |
$1,683 |
$1,734 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$19,058 |
$19,629 |
$20,218 |
$20,825 |
$21,449 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$19,058 |
$19,629 |
$20,218 |
$20,825 |
$21,449 |
| Annual Vacancy Dollar |
$572 |
$589 |
$607 |
$625 |
$643 |
| Annual Gross Operating Income |
$18,486 |
$19,040 |
$19,612 |
$20,200 |
$20,806 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.983% |
0.983% |
0.983% |
0.983% |
0.983% |
| Property Taxes Dollar |
$2,027 |
$2,088 |
$2,151 |
$2,215 |
$2,282 |
| Insurance Percent |
1.069% |
1.069% |
1.069% |
1.069% |
1.069% |
| Insurance Dollar |
$2,205 |
$2,271 |
$2,339 |
$2,409 |
$2,481 |
| 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 |
$1,849 |
$1,904 |
$1,961 |
$2,020 |
$2,081 |
| 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 |
$6,081 |
$6,263 |
$6,451 |
$6,645 |
$6,844 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$12,405 |
$12,777 |
$13,161 |
$13,555 |
$13,962 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,861 |
$14,861 |
$14,861 |
$14,861 |
$14,861 |
| Principal |
$2,190 |
$2,337 |
$2,493 |
$2,660 |
$2,838 |
| Interest |
$12,671 |
$12,524 |
$12,368 |
$12,201 |
$12,023 |
| Loan Balance at End of Year |
$193,740 |
$191,403 |
$188,910 |
$186,250 |
$183,412 |
| 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 |
$1,665 |
$1,665 |
$1,665 |
$1,665 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$18,689 |
$27,399 |
$36,456 |
$45,877 |
$55,679 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,121 |
-$3,749 |
-$3,366 |
-$2,971 |
-$899 |
| Monhtly Cash Flow |
-$343 |
-$312 |
-$280 |
-$248 |
-$75 |
| Cash on Cash Return on Investment |
-0.149% |
-0.136% |
-0.122% |
-0.107% |
-0.033% |
| 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 |