Jacksonville Deal Analysis
Let's look at deal analysis for Jacksonville, 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 Jacksonville, Florida Nomad™ Property with 10% Higher Rents
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Typical Jacksonville, Florida Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$266,936
|
|
Purchase Price
|
|
$266,936
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$13,347
|
|
Closing Costs
|
1.000%
|
$2,669
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$189,660
|
|
Total Invested
|
|
$205,676
|
|
Mortgage
|
|
Mortgage Amount
|
|
$253,589.20
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|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$179.63
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$1,478
$1478.40
|
|
Other Income
|
|
$0
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|
Annual Expenses
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Vacancy Rate
|
3.000%
|
$532
|
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Property Taxes
|
1.016%
|
$2,712
|
|
Property Insurance
|
1.674%
|
$4,469
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
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Management
|
0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$40,040
|
|
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 |
$274,944 |
$283,192 |
$291,688 |
$300,439 |
$309,452 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$8,008 |
$8,248 |
$8,496 |
$8,751 |
$9,013 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,478 |
$1,523 |
$1,568 |
$1,615 |
$1,664 |
| 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 |
$1,478 |
$1,523 |
$1,568 |
$1,615 |
$1,664 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$44 |
$46 |
$47 |
$48 |
$50 |
| Monthly Gross Operating Income |
$1,434 |
$1,477 |
$1,521 |
$1,567 |
$1,614 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$17,741 |
$18,273 |
$18,821 |
$19,386 |
$19,967 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$17,741 |
$18,273 |
$18,821 |
$19,386 |
$19,967 |
| Annual Vacancy Dollar |
$532 |
$548 |
$565 |
$582 |
$599 |
| Annual Gross Operating Income |
$17,209 |
$17,725 |
$18,257 |
$18,804 |
$19,368 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.016% |
1.016% |
1.016% |
1.016% |
1.016% |
| Property Taxes Dollar |
$2,712 |
$2,793 |
$2,877 |
$2,964 |
$3,052 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$4,469 |
$4,603 |
$4,741 |
$4,883 |
$5,029 |
| 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 |
$1,721 |
$1,772 |
$1,826 |
$1,880 |
$1,937 |
| 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 |
$8,901 |
$9,168 |
$9,444 |
$9,727 |
$10,019 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$8,307 |
$8,556 |
$8,813 |
$9,077 |
$9,350 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$19,234 |
$19,234 |
$19,234 |
$19,234 |
$19,234 |
| Principal |
$2,834 |
$3,024 |
$3,227 |
$3,443 |
$3,674 |
| Interest |
$16,400 |
$16,210 |
$16,007 |
$15,791 |
$15,561 |
| Loan Balance at End of Year |
$250,755 |
$247,730 |
$244,504 |
$241,061 |
$237,387 |
| 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 |
$2,156 |
$2,156 |
$2,156 |
$2,156 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$24,189 |
$35,462 |
$47,185 |
$59,378 |
$72,065 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$13,083 |
-$12,833 |
-$12,577 |
-$12,312 |
-$9,885 |
| Monhtly Cash Flow |
-$1,090 |
-$1,069 |
-$1,048 |
-$1,026 |
-$824 |
| Cash on Cash Return on Investment |
-0.064% |
-0.062% |
-0.061% |
-0.060% |
-0.048% |
| 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 |