Coral Springs Deal Analysis
Let's look at deal analysis for Coral Springs, FL 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 Coral Springs, Florida Nomad™ Property with 10% Higher Rents
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Typical Coral Springs, Florida 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
|
|
$523,145
|
|
Purchase Price
|
|
$523,145
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$26,157
|
|
Closing Costs
|
1.000%
|
$5,231
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|
Rent Ready Costs
|
|
$0
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|
Cumulative Negative Cash Flow
|
|
$67,530
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Total Invested
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|
$98,919
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Mortgage
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|
Mortgage Amount
|
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$496,987.75
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Mortgage Interest Rate
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6.500%
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Loan Term
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|
360
|
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Private Mortgage Insurance
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0.850%
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$352.03
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Drop PMI LTV
|
80.000%
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|
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Income
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Monthly Rent
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|
$4,158
$4158.00
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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%
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$1,497
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Property Taxes
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1.231%
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$6,440
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Property Insurance
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1.674%
|
$8,757
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|
HOA Dues
|
|
$0
|
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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
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0.000%
|
|
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Depreciation Details
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Land Value
|
15.000%
|
$78,472
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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 |
$538,839 |
$555,005 |
$571,655 |
$588,804 |
$606,468 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$15,694 |
$16,165 |
$16,650 |
$17,150 |
$17,664 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$4,158 |
$4,283 |
$4,411 |
$4,544 |
$4,680 |
| 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 |
$4,158 |
$4,283 |
$4,411 |
$4,544 |
$4,680 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$125 |
$128 |
$132 |
$136 |
$140 |
| Monthly Gross Operating Income |
$4,033 |
$4,154 |
$4,279 |
$4,407 |
$4,539 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$49,896 |
$51,393 |
$52,935 |
$54,523 |
$56,158 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$49,896 |
$51,393 |
$52,935 |
$54,523 |
$56,158 |
| Annual Vacancy Dollar |
$1,497 |
$1,542 |
$1,588 |
$1,636 |
$1,685 |
| Annual Gross Operating Income |
$48,399 |
$49,851 |
$51,347 |
$52,887 |
$54,474 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.231% |
1.231% |
1.231% |
1.231% |
1.231% |
| Property Taxes Dollar |
$6,440 |
$6,633 |
$6,832 |
$7,037 |
$7,248 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$8,757 |
$9,020 |
$9,291 |
$9,569 |
$9,857 |
| 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 |
$4,840 |
$4,985 |
$5,135 |
$5,289 |
$5,447 |
| 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 |
$20,037 |
$20,638 |
$21,258 |
$21,895 |
$22,552 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$28,362 |
$29,213 |
$30,089 |
$30,992 |
$31,922 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$37,696 |
$37,696 |
$37,696 |
$37,696 |
$37,696 |
| Principal |
$5,555 |
$5,927 |
$6,324 |
$6,747 |
$7,199 |
| Interest |
$32,141 |
$31,769 |
$31,372 |
$30,948 |
$30,496 |
| Loan Balance at End of Year |
$491,433 |
$485,506 |
$479,182 |
$472,434 |
$465,235 |
| 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 |
$4,224 |
$4,224 |
$4,224 |
$4,224 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$47,407 |
$69,499 |
$92,473 |
$116,370 |
$141,233 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$13,558 |
-$12,707 |
-$11,831 |
-$10,928 |
-$5,774 |
| Monhtly Cash Flow |
-$1,130 |
-$1,059 |
-$986 |
-$911 |
-$481 |
| Cash on Cash Return on Investment |
-0.137% |
-0.128% |
-0.120% |
-0.110% |
-0.058% |
| 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 |