Fort Worth Deal Analysis
Let's look at deal analysis for Fort Worth, TX 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 Fort Worth, Texas Nomad™ Property with 10% Higher Rents
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Typical Fort Worth, Texas 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
|
|
$280,505
|
|
Purchase Price
|
|
$280,505
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$14,025
|
|
Closing Costs
|
1.000%
|
$2,805
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
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|
$16,830
|
|
Mortgage
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|
Mortgage Amount
|
|
$266,479.75
|
|
Mortgage Interest Rate
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6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$188.76
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$4,043
$4042.50
|
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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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$1,455
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Property Taxes
|
2.476%
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$6,945
|
|
Property Insurance
|
1.419%
|
$3,980
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
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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%
|
$42,076
|
|
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 |
$288,920 |
$297,588 |
$306,515 |
$315,711 |
$325,182 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,415 |
$8,668 |
$8,928 |
$9,195 |
$9,471 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$4,043 |
$4,164 |
$4,289 |
$4,417 |
$4,550 |
| 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 |
$4,043 |
$4,164 |
$4,289 |
$4,417 |
$4,550 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$121 |
$125 |
$129 |
$133 |
$136 |
| Monthly Gross Operating Income |
$3,921 |
$4,039 |
$4,160 |
$4,285 |
$4,413 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$48,510 |
$49,965 |
$51,464 |
$53,008 |
$54,598 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$48,510 |
$49,965 |
$51,464 |
$53,008 |
$54,598 |
| Annual Vacancy Dollar |
$1,455 |
$1,499 |
$1,544 |
$1,590 |
$1,638 |
| Annual Gross Operating Income |
$47,055 |
$48,466 |
$49,920 |
$51,418 |
$52,960 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.476% |
2.476% |
2.476% |
2.476% |
2.476% |
| Property Taxes Dollar |
$6,945 |
$7,154 |
$7,368 |
$7,589 |
$7,817 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$3,980 |
$4,100 |
$4,223 |
$4,349 |
$4,480 |
| 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 |
$4,705 |
$4,847 |
$4,992 |
$5,142 |
$5,296 |
| 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 |
$15,631 |
$16,100 |
$16,583 |
$17,081 |
$17,593 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$31,424 |
$32,366 |
$33,337 |
$34,337 |
$35,367 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$20,212 |
$20,212 |
$20,212 |
$20,212 |
$20,212 |
| Principal |
$2,978 |
$3,178 |
$3,391 |
$3,618 |
$3,860 |
| Interest |
$17,233 |
$17,034 |
$16,821 |
$16,594 |
$16,352 |
| Loan Balance at End of Year |
$263,501 |
$260,323 |
$256,933 |
$253,315 |
$249,455 |
| 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 |
$2,265 |
$2,265 |
$2,265 |
$2,265 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$25,419 |
$37,264 |
$49,583 |
$62,396 |
$75,728 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$8,947 |
$9,889 |
$10,860 |
$11,860 |
$15,156 |
| Monhtly Cash Flow |
$746 |
$824 |
$905 |
$988 |
$1,263 |
| Cash on Cash Return on Investment |
0.532% |
0.588% |
0.645% |
0.705% |
0.900% |
| 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 |