Cleveland Deal Analysis
Let's look at deal analysis for Cleveland, OH 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 Cleveland, Ohio Nomad™ Property with 10% Higher Rents
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Typical Cleveland, Ohio 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/#
|
|
ARV
|
|
$92,060
|
|
Purchase Price
|
|
$92,060
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$4,603
|
|
Closing Costs
|
1.000%
|
$921
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$5,524
|
|
Mortgage
|
|
Mortgage Amount
|
|
$87,457
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$61.95
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,651
$2650.73
|
|
Other Income
|
|
$0
|
|
Annual Expenses
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|
Vacancy Rate
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3.000%
|
$954
|
|
Property Taxes
|
2.257%
|
$2,078
|
|
Property Insurance
|
0.693%
|
$638
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$13,809
|
|
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 |
$94,822 |
$97,666 |
$100,596 |
$103,614 |
$106,723 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$2,762 |
$2,845 |
$2,930 |
$3,018 |
$3,108 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,651 |
$2,730 |
$2,812 |
$2,897 |
$2,983 |
| 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 |
$2,651 |
$2,730 |
$2,812 |
$2,897 |
$2,983 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$80 |
$82 |
$84 |
$87 |
$90 |
| Monthly Gross Operating Income |
$2,571 |
$2,648 |
$2,728 |
$2,810 |
$2,894 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$31,809 |
$32,763 |
$33,746 |
$34,758 |
$35,801 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$31,809 |
$32,763 |
$33,746 |
$34,758 |
$35,801 |
| Annual Vacancy Dollar |
$954 |
$983 |
$1,012 |
$1,043 |
$1,074 |
| Annual Gross Operating Income |
$30,854 |
$31,780 |
$32,734 |
$33,716 |
$34,727 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.257% |
2.257% |
2.257% |
2.257% |
2.257% |
| Property Taxes Dollar |
$2,078 |
$2,140 |
$2,204 |
$2,270 |
$2,339 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$638 |
$657 |
$677 |
$697 |
$718 |
| 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 |
$3,085 |
$3,178 |
$3,273 |
$3,372 |
$3,473 |
| 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 |
$5,801 |
$5,975 |
$6,155 |
$6,339 |
$6,529 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$25,053 |
$25,805 |
$26,579 |
$27,376 |
$28,198 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$6,633 |
$6,633 |
$6,633 |
$6,633 |
$6,633 |
| Principal |
$978 |
$1,043 |
$1,113 |
$1,187 |
$1,267 |
| Interest |
$5,656 |
$5,590 |
$5,521 |
$5,446 |
$5,367 |
| Loan Balance at End of Year |
$86,479 |
$85,436 |
$84,324 |
$83,136 |
$81,869 |
| 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 |
$743 |
$743 |
$743 |
$743 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$8,342 |
$12,230 |
$16,273 |
$20,478 |
$24,854 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$17,676 |
$18,428 |
$19,202 |
$20,000 |
$21,564 |
| Monhtly Cash Flow |
$1,473 |
$1,536 |
$1,600 |
$1,667 |
$1,797 |
| Cash on Cash Return on Investment |
3.200% |
3.336% |
3.476% |
3.621% |
3.904% |
| 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 |