Hialeah Deal Analysis
Let's look at deal analysis for Hialeah, 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 Hialeah, Florida Nomad™ Property with 10% Higher Rents
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Typical Hialeah, 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/#
|
|
ARV
|
|
$411,224
|
|
Purchase Price
|
|
$411,224
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$20,561
|
|
Closing Costs
|
1.000%
|
$4,112
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$26,351
|
|
Total Invested
|
|
$51,025
|
|
Mortgage
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|
Mortgage Amount
|
|
$390,662.80
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Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$276.72
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
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|
$3,407
$3407.25
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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%
|
$1,227
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Property Taxes
|
0.838%
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$3,446
|
|
Property Insurance
|
1.675%
|
$6,888
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
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Maintenance
|
10.000%
|
|
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CapEx
|
|
$0
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$61,684
|
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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 |
$423,561 |
$436,268 |
$449,356 |
$462,836 |
$476,721 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$12,337 |
$12,707 |
$13,088 |
$13,481 |
$13,885 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,407 |
$3,509 |
$3,615 |
$3,723 |
$3,835 |
| 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 |
$3,407 |
$3,509 |
$3,615 |
$3,723 |
$3,835 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$102 |
$105 |
$108 |
$112 |
$115 |
| Monthly Gross Operating Income |
$3,305 |
$3,404 |
$3,506 |
$3,611 |
$3,720 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$40,887 |
$42,114 |
$43,377 |
$44,678 |
$46,019 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$40,887 |
$42,114 |
$43,377 |
$44,678 |
$46,019 |
| Annual Vacancy Dollar |
$1,227 |
$1,263 |
$1,301 |
$1,340 |
$1,381 |
| Annual Gross Operating Income |
$39,660 |
$40,850 |
$42,076 |
$43,338 |
$44,638 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.838% |
0.838% |
0.838% |
0.838% |
0.838% |
| Property Taxes Dollar |
$3,446 |
$3,549 |
$3,656 |
$3,766 |
$3,879 |
| Insurance Percent |
1.675% |
1.675% |
1.675% |
1.675% |
1.675% |
| Insurance Dollar |
$6,888 |
$7,095 |
$7,307 |
$7,527 |
$7,753 |
| 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 |
$3,966 |
$4,085 |
$4,208 |
$4,334 |
$4,464 |
| 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 |
$14,300 |
$14,729 |
$15,171 |
$15,626 |
$16,095 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$25,360 |
$26,121 |
$26,905 |
$27,712 |
$28,543 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$29,631 |
$29,631 |
$29,631 |
$29,631 |
$29,631 |
| Principal |
$4,366 |
$4,659 |
$4,971 |
$5,304 |
$5,659 |
| Interest |
$25,265 |
$24,972 |
$24,660 |
$24,327 |
$23,972 |
| Loan Balance at End of Year |
$386,296 |
$381,637 |
$376,666 |
$371,363 |
$365,704 |
| 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 |
$3,321 |
$3,321 |
$3,321 |
$3,321 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$37,264 |
$54,630 |
$72,689 |
$91,474 |
$111,018 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$7,591 |
-$6,831 |
-$6,047 |
-$5,240 |
-$1,088 |
| Monhtly Cash Flow |
-$633 |
-$569 |
-$504 |
-$437 |
-$91 |
| Cash on Cash Return on Investment |
-0.149% |
-0.134% |
-0.119% |
-0.103% |
-0.021% |
| 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 |