Greenville Deal Analysis
Let's look at deal analysis for Greenville, NC 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 Greenville, North Carolina Nomad™ Property with 10% Higher Rents
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Typical Greenville, North Carolina 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
|
|
$196,680
|
|
Purchase Price
|
|
$196,680
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$9,834
|
|
Closing Costs
|
1.000%
|
$1,967
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$11,801
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Mortgage
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|
Mortgage Amount
|
|
$186,846
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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
|
0.850%
|
$132.35
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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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$2,703
$2702.70
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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%
|
$973
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Property Taxes
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1.077%
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$2,118
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Property Insurance
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0.484%
|
$952
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
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Maintenance
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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%
|
$29,502
|
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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 |
$202,580 |
$208,658 |
$214,918 |
$221,365 |
$228,006 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,900 |
$6,077 |
$6,260 |
$6,448 |
$6,641 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,703 |
$2,784 |
$2,867 |
$2,953 |
$3,042 |
| 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 |
$2,703 |
$2,784 |
$2,867 |
$2,953 |
$3,042 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$81 |
$84 |
$86 |
$89 |
$91 |
| Monthly Gross Operating Income |
$2,622 |
$2,700 |
$2,781 |
$2,865 |
$2,951 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$32,432 |
$33,405 |
$34,408 |
$35,440 |
$36,503 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$32,432 |
$33,405 |
$34,408 |
$35,440 |
$36,503 |
| Annual Vacancy Dollar |
$973 |
$1,002 |
$1,032 |
$1,063 |
$1,095 |
| Annual Gross Operating Income |
$31,459 |
$32,403 |
$33,375 |
$34,377 |
$35,408 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.077% |
1.077% |
1.077% |
1.077% |
1.077% |
| Property Taxes Dollar |
$2,118 |
$2,182 |
$2,247 |
$2,315 |
$2,384 |
| Insurance Percent |
0.484% |
0.484% |
0.484% |
0.484% |
0.484% |
| Insurance Dollar |
$952 |
$980 |
$1,010 |
$1,040 |
$1,071 |
| 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 |
$3,146 |
$3,240 |
$3,338 |
$3,438 |
$3,541 |
| 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 |
$6,216 |
$6,403 |
$6,595 |
$6,793 |
$6,996 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$25,243 |
$26,001 |
$26,781 |
$27,584 |
$28,412 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,172 |
$14,172 |
$14,172 |
$14,172 |
$14,172 |
| Principal |
$2,088 |
$2,228 |
$2,377 |
$2,537 |
$2,707 |
| Interest |
$12,084 |
$11,944 |
$11,794 |
$11,635 |
$11,465 |
| Loan Balance at End of Year |
$184,758 |
$182,529 |
$180,152 |
$177,615 |
$174,909 |
| 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 |
$1,588 |
$1,588 |
$1,588 |
$1,588 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$17,823 |
$26,128 |
$34,766 |
$43,750 |
$53,097 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$9,483 |
$10,241 |
$11,021 |
$11,824 |
$14,240 |
| Monhtly Cash Flow |
$790 |
$853 |
$918 |
$985 |
$1,187 |
| Cash on Cash Return on Investment |
0.804% |
0.868% |
0.934% |
1.002% |
1.207% |
| 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 |