Syracuse Deal Analysis
Let's look at deal analysis for Syracuse, NY 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 Syracuse, New York Nomad™ Property with 10% Higher Rents
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Typical Syracuse, New York 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
|
|
$140,609
|
|
Purchase Price
|
|
$140,609
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$7,030
|
|
Closing Costs
|
1.000%
|
$1,406
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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$8,437
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|
Mortgage
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|
Mortgage Amount
|
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$133,578.55
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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
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0.850%
|
$94.62
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|
Drop PMI LTV
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80.000%
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|
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Income
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Monthly Rent
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$1,675
$1674.75
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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%
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$603
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Property Taxes
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3.156%
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$4,438
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Property Insurance
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0.344%
|
$484
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
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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|
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Depreciation Details
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Land Value
|
15.000%
|
$21,091
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Property Type (C or R)
|
R
|
27.5
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|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$144,827 |
$149,172 |
$153,647 |
$158,257 |
$163,004 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,218 |
$4,345 |
$4,475 |
$4,609 |
$4,748 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,675 |
$1,725 |
$1,777 |
$1,830 |
$1,885 |
| 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 |
$1,675 |
$1,725 |
$1,777 |
$1,830 |
$1,885 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$50 |
$52 |
$53 |
$55 |
$57 |
| Monthly Gross Operating Income |
$1,625 |
$1,673 |
$1,723 |
$1,775 |
$1,828 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$20,097 |
$20,700 |
$21,321 |
$21,961 |
$22,619 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$20,097 |
$20,700 |
$21,321 |
$21,961 |
$22,619 |
| Annual Vacancy Dollar |
$603 |
$621 |
$640 |
$659 |
$679 |
| Annual Gross Operating Income |
$19,494 |
$20,079 |
$20,681 |
$21,302 |
$21,941 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
3.156% |
3.156% |
3.156% |
3.156% |
3.156% |
| Property Taxes Dollar |
$4,438 |
$4,571 |
$4,708 |
$4,849 |
$4,995 |
| Insurance Percent |
0.344% |
0.344% |
0.344% |
0.344% |
0.344% |
| Insurance Dollar |
$484 |
$498 |
$513 |
$529 |
$544 |
| 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 |
$1,949 |
$2,008 |
$2,068 |
$2,130 |
$2,194 |
| 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 |
$6,871 |
$7,077 |
$7,289 |
$7,508 |
$7,733 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$12,623 |
$13,002 |
$13,392 |
$13,794 |
$14,208 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$10,132 |
$10,132 |
$10,132 |
$10,132 |
$10,132 |
| Principal |
$1,493 |
$1,593 |
$1,700 |
$1,814 |
$1,935 |
| Interest |
$8,639 |
$8,539 |
$8,432 |
$8,318 |
$8,197 |
| Loan Balance at End of Year |
$132,085 |
$130,492 |
$128,793 |
$126,979 |
$125,044 |
| 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 |
$1,135 |
$1,135 |
$1,135 |
$1,135 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$12,742 |
$18,680 |
$24,855 |
$31,278 |
$37,960 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$1,356 |
$1,735 |
$2,125 |
$2,527 |
$4,076 |
| Monhtly Cash Flow |
$113 |
$145 |
$177 |
$211 |
$340 |
| Cash on Cash Return on Investment |
0.161% |
0.206% |
0.252% |
0.300% |
0.483% |
| 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 |