Clearwater Deal Analysis
Let's look at deal analysis for Clearwater, FL and for 
32 10 20% Down Rental Properties (no Owner-Occupant).
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 20% Down Payment Clearwater, Florida Rental Property
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Typical 20% Down Payment Clearwater, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$324,143
|
|
Purchase Price
|
|
$324,143
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$64,829
|
|
Closing Costs
|
1.000%
|
$3,241
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$8,075
|
|
Total Invested
|
|
$76,145
|
|
Mortgage
|
|
Mortgage Amount
|
|
$259,314.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,520
$2520.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$907
|
|
Property Taxes
|
0.938%
|
$3,040
|
|
Property Insurance
|
1.674%
|
$5,426
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
|
|
Land Value
|
15.000%
|
$48,621
|
|
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 |
$333,867 |
$343,883 |
$354,200 |
$364,826 |
$375,771 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,724 |
$10,016 |
$10,316 |
$10,626 |
$10,945 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,520 |
$2,596 |
$2,673 |
$2,754 |
$2,836 |
| 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 |
$2,520 |
$2,596 |
$2,673 |
$2,754 |
$2,836 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$76 |
$78 |
$80 |
$83 |
$85 |
| Monthly Gross Operating Income |
$2,444 |
$2,518 |
$2,593 |
$2,671 |
$2,751 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,240 |
$31,147 |
$32,082 |
$33,044 |
$34,035 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,240 |
$31,147 |
$32,082 |
$33,044 |
$34,035 |
| Annual Vacancy Dollar |
$907 |
$934 |
$962 |
$991 |
$1,021 |
| Annual Gross Operating Income |
$29,333 |
$30,213 |
$31,119 |
$32,053 |
$33,014 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.938% |
0.938% |
0.938% |
0.938% |
0.938% |
| Property Taxes Dollar |
$3,040 |
$3,132 |
$3,226 |
$3,322 |
$3,422 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$5,426 |
$5,589 |
$5,757 |
$5,929 |
$6,107 |
| 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 |
$2,933 |
$3,021 |
$3,112 |
$3,205 |
$3,301 |
| 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 |
$11,400 |
$11,742 |
$12,094 |
$12,457 |
$12,831 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$17,933 |
$18,471 |
$19,025 |
$19,596 |
$20,184 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$20,703 |
$20,703 |
$20,703 |
$20,703 |
$20,703 |
| Principal |
$2,634 |
$2,825 |
$3,029 |
$3,248 |
$3,483 |
| Interest |
$18,069 |
$17,878 |
$17,674 |
$17,455 |
$17,220 |
| Loan Balance at End of Year |
$256,680 |
$253,856 |
$250,827 |
$247,579 |
$244,096 |
| Loan-To-Value |
76.881% |
73.820% |
70.815% |
67.862% |
64.959% |
| Private Mortgage Insurance (PMI) Rate |
0.000% |
0.000% |
0.000% |
0.000% |
0.000% |
| Private Mortgage Insurance Dollar |
$0 |
$0 |
$0 |
$0 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$77,187 |
$90,028 |
$103,373 |
$117,247 |
$131,674 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$2,770 |
-$2,232 |
-$1,678 |
-$1,107 |
-$519 |
| Monhtly Cash Flow |
-$231 |
-$186 |
-$140 |
-$92 |
-$43 |
| Cash on Cash Return on Investment |
-0.036% |
-0.029% |
-0.022% |
-0.015% |
-0.007% |
| 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 |