Livonia Deal Analysis
Let's look at deal analysis for Livonia, MI 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 Livonia, Michigan Nomad™ Property with 10% Higher Rents
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Typical Livonia, Michigan 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
|
|
$253,753
|
|
Purchase Price
|
|
$253,753
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$12,688
|
|
Closing Costs
|
1.000%
|
$2,538
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$18,995
|
|
Total Invested
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$34,220
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Mortgage
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|
Mortgage Amount
|
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$241,065.35
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
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|
360
|
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Private Mortgage Insurance
|
0.850%
|
$170.75
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|
Drop PMI LTV
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80.000%
|
|
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Income
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|
Monthly Rent
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|
$2,079
$2079.00
|
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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%
|
$748
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Property Taxes
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1.699%
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$4,311
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Property Insurance
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0.880%
|
$2,233
|
|
HOA Dues
|
|
$0
|
|
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%
|
$38,063
|
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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 |
$261,366 |
$269,207 |
$277,283 |
$285,601 |
$294,169 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,613 |
$7,841 |
$8,076 |
$8,318 |
$8,568 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,079 |
$2,141 |
$2,206 |
$2,272 |
$2,340 |
| 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 |
$2,079 |
$2,141 |
$2,206 |
$2,272 |
$2,340 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$62 |
$64 |
$66 |
$68 |
$70 |
| Monthly Gross Operating Income |
$2,017 |
$2,077 |
$2,139 |
$2,204 |
$2,270 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$24,948 |
$25,696 |
$26,467 |
$27,261 |
$28,079 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$24,948 |
$25,696 |
$26,467 |
$27,261 |
$28,079 |
| Annual Vacancy Dollar |
$748 |
$771 |
$794 |
$818 |
$842 |
| Annual Gross Operating Income |
$24,200 |
$24,926 |
$25,673 |
$26,444 |
$27,237 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.699% |
1.699% |
1.699% |
1.699% |
1.699% |
| Property Taxes Dollar |
$4,311 |
$4,441 |
$4,574 |
$4,711 |
$4,852 |
| Insurance Percent |
0.880% |
0.880% |
0.880% |
0.880% |
0.880% |
| Insurance Dollar |
$2,233 |
$2,300 |
$2,369 |
$2,440 |
$2,513 |
| 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 |
$2,420 |
$2,493 |
$2,567 |
$2,644 |
$2,724 |
| 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 |
$8,964 |
$9,233 |
$9,510 |
$9,795 |
$10,089 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,235 |
$15,692 |
$16,163 |
$16,648 |
$17,147 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$18,284 |
$18,284 |
$18,284 |
$18,284 |
$18,284 |
| Principal |
$2,694 |
$2,875 |
$3,067 |
$3,273 |
$3,492 |
| Interest |
$15,590 |
$15,409 |
$15,217 |
$15,011 |
$14,792 |
| Loan Balance at End of Year |
$238,371 |
$235,496 |
$232,428 |
$229,156 |
$225,663 |
| 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 |
$2,049 |
$2,049 |
$2,049 |
$2,049 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$22,995 |
$33,711 |
$44,854 |
$56,446 |
$68,506 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,098 |
-$4,641 |
-$4,170 |
-$3,685 |
-$1,137 |
| Monhtly Cash Flow |
-$425 |
-$387 |
-$348 |
-$307 |
-$95 |
| Cash on Cash Return on Investment |
-0.149% |
-0.136% |
-0.122% |
-0.108% |
-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 |