Garland Deal Analysis
Let's look at deal analysis for Garland, 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 Garland, Texas Nomad™ Property with 10% Higher Rents
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Typical Garland, 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
|
|
$265,485
|
|
Purchase Price
|
|
$265,485
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$13,274
|
|
Closing Costs
|
1.000%
|
$2,655
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$61,423
|
|
Total Invested
|
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$77,352
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|
Mortgage
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|
Mortgage Amount
|
|
$252,210.75
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Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$178.65
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
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|
Monthly Rent
|
|
$2,079
$2079.00
|
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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%
|
$748
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Property Taxes
|
2.059%
|
$5,466
|
|
Property Insurance
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1.419%
|
$3,767
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$0
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Maintenance
|
10.000%
|
|
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CapEx
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|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$39,823
|
|
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 |
$273,450 |
$281,653 |
$290,103 |
$298,806 |
$307,770 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,965 |
$8,203 |
$8,450 |
$8,703 |
$8,964 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,079 |
$2,141 |
$2,206 |
$2,272 |
$2,340 |
| 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 |
$2,079 |
$2,141 |
$2,206 |
$2,272 |
$2,340 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$62 |
$64 |
$66 |
$68 |
$70 |
| Monthly Gross Operating Income |
$2,017 |
$2,077 |
$2,139 |
$2,204 |
$2,270 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$24,948 |
$25,696 |
$26,467 |
$27,261 |
$28,079 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$24,948 |
$25,696 |
$26,467 |
$27,261 |
$28,079 |
| Annual Vacancy Dollar |
$748 |
$771 |
$794 |
$818 |
$842 |
| Annual Gross Operating Income |
$24,200 |
$24,926 |
$25,673 |
$26,444 |
$27,237 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.059% |
2.059% |
2.059% |
2.059% |
2.059% |
| Property Taxes Dollar |
$5,466 |
$5,630 |
$5,799 |
$5,973 |
$6,152 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$3,767 |
$3,880 |
$3,997 |
$4,117 |
$4,240 |
| 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 |
$2,420 |
$2,493 |
$2,567 |
$2,644 |
$2,724 |
| 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 |
$11,654 |
$12,003 |
$12,363 |
$12,734 |
$13,116 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$12,546 |
$12,922 |
$13,310 |
$13,709 |
$14,121 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,130 |
$19,130 |
$19,130 |
$19,130 |
$19,130 |
| Principal |
$2,819 |
$3,008 |
$3,209 |
$3,424 |
$3,653 |
| Interest |
$16,311 |
$16,122 |
$15,920 |
$15,706 |
$15,476 |
| Loan Balance at End of Year |
$249,392 |
$246,384 |
$243,175 |
$239,751 |
$236,097 |
| 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 |
$2,144 |
$2,144 |
$2,144 |
$2,144 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$24,058 |
$35,269 |
$46,928 |
$59,055 |
$71,673 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$8,727 |
-$8,351 |
-$7,963 |
-$7,564 |
-$5,009 |
| Monhtly Cash Flow |
-$727 |
-$696 |
-$664 |
-$630 |
-$417 |
| Cash on Cash Return on Investment |
-0.113% |
-0.108% |
-0.103% |
-0.098% |
-0.065% |
| 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 |