Boston Deal Analysis
Let's look at deal analysis for Boston, MA 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 Boston, Massachusetts Nomad™ Property with 10% Higher Rents
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Typical Boston, Massachusetts Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$680,187
|
|
Purchase Price
|
|
$680,187
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$34,009
|
|
Closing Costs
|
1.000%
|
$6,802
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$40,811
|
|
Mortgage
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|
Mortgage Amount
|
|
$646,177.65
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$457.71
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$6,237
$6237.00
|
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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%
|
$2,245
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Property Taxes
|
0.662%
|
$4,503
|
|
Property Insurance
|
0.314%
|
$2,136
|
|
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%
|
$102,028
|
|
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 |
$700,593 |
$721,610 |
$743,259 |
$765,556 |
$788,523 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$20,406 |
$21,018 |
$21,648 |
$22,298 |
$22,967 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$6,237 |
$6,424 |
$6,617 |
$6,815 |
$7,020 |
| 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 |
$6,237 |
$6,424 |
$6,617 |
$6,815 |
$7,020 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$187 |
$193 |
$199 |
$204 |
$211 |
| Monthly Gross Operating Income |
$6,050 |
$6,231 |
$6,418 |
$6,611 |
$6,809 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$74,844 |
$77,089 |
$79,402 |
$81,784 |
$84,238 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$74,844 |
$77,089 |
$79,402 |
$81,784 |
$84,238 |
| Annual Vacancy Dollar |
$2,245 |
$2,313 |
$2,382 |
$2,454 |
$2,527 |
| Annual Gross Operating Income |
$72,599 |
$74,777 |
$77,020 |
$79,331 |
$81,710 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.662% |
0.662% |
0.662% |
0.662% |
0.662% |
| Property Taxes Dollar |
$4,503 |
$4,638 |
$4,777 |
$4,920 |
$5,068 |
| Insurance Percent |
0.314% |
0.314% |
0.314% |
0.314% |
0.314% |
| Insurance Dollar |
$2,136 |
$2,200 |
$2,266 |
$2,334 |
$2,404 |
| 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 |
$7,260 |
$7,478 |
$7,702 |
$7,933 |
$8,171 |
| 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 |
$13,898 |
$14,315 |
$14,745 |
$15,187 |
$15,643 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$58,700 |
$60,461 |
$62,275 |
$64,143 |
$66,068 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$49,011 |
$49,011 |
$49,011 |
$49,011 |
$49,011 |
| Principal |
$7,222 |
$7,706 |
$8,222 |
$8,773 |
$9,360 |
| Interest |
$41,789 |
$41,305 |
$40,789 |
$40,238 |
$39,651 |
| Loan Balance at End of Year |
$638,955 |
$631,249 |
$623,027 |
$614,254 |
$604,893 |
| 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 |
$5,493 |
$5,493 |
$5,493 |
$5,493 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$61,637 |
$90,361 |
$120,232 |
$151,303 |
$183,630 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$4,196 |
$5,957 |
$7,771 |
$9,639 |
$17,056 |
| Monhtly Cash Flow |
$350 |
$496 |
$648 |
$803 |
$1,421 |
| Cash on Cash Return on Investment |
0.103% |
0.146% |
0.190% |
0.236% |
0.418% |
| 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 |