Manchester Deal Analysis
Let's look at deal analysis for Manchester, NH 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 Manchester, New Hampshire Nomad™ Property with 10% Higher Rents
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Typical Manchester, New Hampshire Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$344,458
|
|
Purchase Price
|
|
$344,458
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$17,223
|
|
Closing Costs
|
1.000%
|
$3,445
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$112,877
|
|
Total Invested
|
|
$133,544
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|
Mortgage
|
|
Mortgage Amount
|
|
$327,235.10
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$231.79
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,223
$2223.38
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Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$800
|
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Property Taxes
|
2.166%
|
$7,461
|
|
Property Insurance
|
0.332%
|
$1,144
|
|
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%
|
$51,669
|
|
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 |
$354,792 |
$365,435 |
$376,399 |
$387,691 |
$399,321 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$10,334 |
$10,644 |
$10,963 |
$11,292 |
$11,631 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,223 |
$2,290 |
$2,359 |
$2,430 |
$2,502 |
| 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 |
$2,223 |
$2,290 |
$2,359 |
$2,430 |
$2,502 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$67 |
$69 |
$71 |
$73 |
$75 |
| Monthly Gross Operating Income |
$2,157 |
$2,221 |
$2,288 |
$2,357 |
$2,427 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$26,681 |
$27,481 |
$28,305 |
$29,155 |
$30,029 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$26,681 |
$27,481 |
$28,305 |
$29,155 |
$30,029 |
| Annual Vacancy Dollar |
$800 |
$824 |
$849 |
$875 |
$901 |
| Annual Gross Operating Income |
$25,880 |
$26,657 |
$27,456 |
$28,280 |
$29,128 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.166% |
2.166% |
2.166% |
2.166% |
2.166% |
| Property Taxes Dollar |
$7,461 |
$7,685 |
$7,915 |
$8,153 |
$8,397 |
| Insurance Percent |
0.332% |
0.332% |
0.332% |
0.332% |
0.332% |
| Insurance Dollar |
$1,144 |
$1,178 |
$1,213 |
$1,250 |
$1,287 |
| 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 |
$2,588 |
$2,666 |
$2,746 |
$2,828 |
$2,913 |
| 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 |
$11,193 |
$11,528 |
$11,874 |
$12,230 |
$12,597 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$14,688 |
$15,128 |
$15,582 |
$16,050 |
$16,531 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,820 |
$24,820 |
$24,820 |
$24,820 |
$24,820 |
| Principal |
$3,658 |
$3,903 |
$4,164 |
$4,443 |
$4,740 |
| Interest |
$21,163 |
$20,918 |
$20,656 |
$20,377 |
$20,080 |
| Loan Balance at End of Year |
$323,577 |
$319,675 |
$315,511 |
$311,068 |
$306,328 |
| 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 |
$2,781 |
$2,781 |
$2,781 |
$2,781 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$31,214 |
$45,761 |
$60,888 |
$76,622 |
$92,993 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,914 |
-$12,474 |
-$12,020 |
-$11,552 |
-$8,289 |
| Monhtly Cash Flow |
-$1,076 |
-$1,039 |
-$1,002 |
-$963 |
-$691 |
| Cash on Cash Return on Investment |
-0.097% |
-0.093% |
-0.090% |
-0.087% |
-0.062% |
| 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 |