McAllen Deal Analysis
Let's look at deal analysis for McAllen, 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 McAllen, Texas Nomad™ Property with 10% Higher Rents
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Typical McAllen, 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/#
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|
ARV
|
|
$176,692
|
|
Purchase Price
|
|
$176,692
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$8,835
|
|
Closing Costs
|
1.000%
|
$1,767
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$321
|
|
Total Invested
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$10,922
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Mortgage
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|
Mortgage Amount
|
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$167,857.40
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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%
|
$118.90
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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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|
$1,964
$1963.50
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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%
|
$707
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Property Taxes
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2.412%
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$4,262
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Property Insurance
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1.419%
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$2,507
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|
HOA Dues
|
|
$0
|
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Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
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|
$0
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Maintenance
|
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%
|
$26,504
|
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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 |
$181,993 |
$187,453 |
$193,076 |
$198,868 |
$204,834 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$5,301 |
$5,460 |
$5,624 |
$5,792 |
$5,966 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,964 |
$2,022 |
$2,083 |
$2,146 |
$2,210 |
| 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 |
$1,964 |
$2,022 |
$2,083 |
$2,146 |
$2,210 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$59 |
$61 |
$62 |
$64 |
$66 |
| Monthly Gross Operating Income |
$1,905 |
$1,962 |
$2,021 |
$2,081 |
$2,144 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$23,562 |
$24,269 |
$24,997 |
$25,747 |
$26,519 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$23,562 |
$24,269 |
$24,997 |
$25,747 |
$26,519 |
| Annual Vacancy Dollar |
$707 |
$728 |
$750 |
$772 |
$796 |
| Annual Gross Operating Income |
$22,855 |
$23,541 |
$24,247 |
$24,974 |
$25,724 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.412% |
2.412% |
2.412% |
2.412% |
2.412% |
| Property Taxes Dollar |
$4,262 |
$4,390 |
$4,521 |
$4,657 |
$4,797 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$2,507 |
$2,582 |
$2,660 |
$2,740 |
$2,822 |
| 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 |
$2,286 |
$2,354 |
$2,425 |
$2,497 |
$2,572 |
| 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 |
$9,055 |
$9,326 |
$9,606 |
$9,894 |
$10,191 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,801 |
$14,215 |
$14,641 |
$15,080 |
$15,533 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$12,732 |
$12,732 |
$12,732 |
$12,732 |
$12,732 |
| Principal |
$1,876 |
$2,002 |
$2,136 |
$2,279 |
$2,432 |
| Interest |
$10,855 |
$10,730 |
$10,596 |
$10,453 |
$10,300 |
| Loan Balance at End of Year |
$165,981 |
$163,979 |
$161,844 |
$159,565 |
$157,133 |
| 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 |
$1,427 |
$1,427 |
$1,427 |
$1,427 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$16,012 |
$23,473 |
$31,233 |
$39,304 |
$47,701 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$358 |
$56 |
$483 |
$922 |
$2,801 |
| Monhtly Cash Flow |
-$30 |
$5 |
$40 |
$77 |
$233 |
| Cash on Cash Return on Investment |
-0.033% |
0.005% |
0.044% |
0.084% |
0.256% |
| 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 |