Wichita Falls Deal Analysis
Let's look at deal analysis for Wichita Falls, 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 Wichita Falls, Texas Nomad™ Property with 10% Higher Rents
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Typical Wichita Falls, 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
|
|
$134,615
|
|
Purchase Price
|
|
$134,615
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$6,731
|
|
Closing Costs
|
1.000%
|
$1,346
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$202
|
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Total Invested
|
|
$8,279
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|
Mortgage
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|
Mortgage Amount
|
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$127,884.25
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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
|
0.850%
|
$90.58
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|
Drop PMI LTV
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80.000%
|
|
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Income
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Monthly Rent
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|
$1,502
$1501.50
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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%
|
$541
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Property Taxes
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2.421%
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$3,259
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Property Insurance
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1.419%
|
$1,910
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|
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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|
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CapEx
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|
$0
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Management
|
0.000%
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|
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Depreciation Details
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|
Land Value
|
15.000%
|
$20,192
|
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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 |
$138,653 |
$142,813 |
$147,097 |
$151,510 |
$156,056 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$4,038 |
$4,160 |
$4,284 |
$4,413 |
$4,545 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,502 |
$1,547 |
$1,593 |
$1,641 |
$1,690 |
| 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 |
$1,502 |
$1,547 |
$1,593 |
$1,641 |
$1,690 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$45 |
$46 |
$48 |
$49 |
$51 |
| Monthly Gross Operating Income |
$1,456 |
$1,500 |
$1,545 |
$1,592 |
$1,639 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$18,018 |
$18,559 |
$19,115 |
$19,689 |
$20,279 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$18,018 |
$18,559 |
$19,115 |
$19,689 |
$20,279 |
| Annual Vacancy Dollar |
$541 |
$557 |
$573 |
$591 |
$608 |
| Annual Gross Operating Income |
$17,477 |
$18,002 |
$18,542 |
$19,098 |
$19,671 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
2.421% |
2.421% |
2.421% |
2.421% |
2.421% |
| Property Taxes Dollar |
$3,259 |
$3,357 |
$3,458 |
$3,561 |
$3,668 |
| Insurance Percent |
1.419% |
1.419% |
1.419% |
1.419% |
1.419% |
| Insurance Dollar |
$1,910 |
$1,967 |
$2,027 |
$2,087 |
$2,150 |
| 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 |
$1,748 |
$1,800 |
$1,854 |
$1,910 |
$1,967 |
| 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 |
$6,917 |
$7,124 |
$7,338 |
$7,558 |
$7,785 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$10,560 |
$10,877 |
$11,204 |
$11,540 |
$11,886 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$9,700 |
$9,700 |
$9,700 |
$9,700 |
$9,700 |
| Principal |
$1,429 |
$1,525 |
$1,627 |
$1,736 |
$1,853 |
| Interest |
$8,270 |
$8,175 |
$8,073 |
$7,964 |
$7,847 |
| Loan Balance at End of Year |
$126,455 |
$124,930 |
$123,302 |
$121,566 |
$119,713 |
| 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 |
$1,087 |
$1,087 |
$1,087 |
$1,087 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$12,199 |
$17,883 |
$23,795 |
$29,944 |
$36,342 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$226 |
$90 |
$417 |
$753 |
$2,186 |
| Monhtly Cash Flow |
-$19 |
$8 |
$35 |
$63 |
$182 |
| Cash on Cash Return on Investment |
-0.027% |
0.011% |
0.050% |
0.091% |
0.264% |
| 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 |