Columbus Deal Analysis
Let's look at deal analysis for Columbus, 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 Columbus, Ohio Nomad™ Property with 10% Higher Rents
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Typical Columbus, Ohio Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$223,134
|
|
Purchase Price
|
|
$223,134
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$11,157
|
|
Closing Costs
|
1.000%
|
$2,231
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
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$13,388
|
|
Mortgage
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|
Mortgage Amount
|
|
$211,977.30
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$150.15
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,651
$2650.73
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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%
|
$954
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Property Taxes
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1.964%
|
$4,382
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|
Property Insurance
|
0.693%
|
$1,546
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
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|
Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$33,470
|
|
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 |
$229,828 |
$236,723 |
$243,825 |
$251,139 |
$258,673 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,694 |
$6,895 |
$7,102 |
$7,315 |
$7,534 |
| 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 |
1.964% |
1.964% |
1.964% |
1.964% |
1.964% |
| Property Taxes Dollar |
$4,382 |
$4,514 |
$4,649 |
$4,789 |
$4,932 |
| Insurance Percent |
0.693% |
0.693% |
0.693% |
0.693% |
0.693% |
| Insurance Dollar |
$1,546 |
$1,593 |
$1,640 |
$1,690 |
$1,740 |
| 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 |
$9,014 |
$9,285 |
$9,563 |
$9,850 |
$10,145 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$21,840 |
$22,496 |
$23,170 |
$23,866 |
$24,582 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$16,078 |
$16,078 |
$16,078 |
$16,078 |
$16,078 |
| Principal |
$2,369 |
$2,528 |
$2,697 |
$2,878 |
$3,071 |
| Interest |
$13,709 |
$13,550 |
$13,381 |
$13,200 |
$13,007 |
| Loan Balance at End of Year |
$209,608 |
$207,080 |
$204,383 |
$201,505 |
$198,434 |
| 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 |
$1,802 |
$1,802 |
$1,802 |
$1,802 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$20,220 |
$29,643 |
$39,442 |
$49,635 |
$60,239 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$3,960 |
$4,616 |
$5,291 |
$5,986 |
$8,503 |
| Monhtly Cash Flow |
$330 |
$385 |
$441 |
$499 |
$709 |
| Cash on Cash Return on Investment |
0.296% |
0.345% |
0.395% |
0.447% |
0.635% |
| 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 |