Lakeland Deal Analysis
Let's look at deal analysis for Lakeland, 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 Lakeland, Florida Rental Property
|
Typical 20% Down Payment Lakeland, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$249,953
|
|
Purchase Price
|
|
$249,953
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$49,991
|
|
Closing Costs
|
1.000%
|
$2,500
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$11,159
|
|
Total Invested
|
|
$63,649
|
|
Mortgage
|
|
Mortgage Amount
|
|
$199,962.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,888
$1887.90
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$680
|
|
Property Taxes
|
0.999%
|
$2,497
|
|
Property Insurance
|
1.674%
|
$4,184
|
|
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%
|
$37,493
|
|
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 |
$257,452 |
$265,175 |
$273,130 |
$281,324 |
$289,764 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,499 |
$7,724 |
$7,955 |
$8,194 |
$8,440 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,888 |
$1,945 |
$2,003 |
$2,063 |
$2,125 |
| 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 |
$1,888 |
$1,945 |
$2,003 |
$2,063 |
$2,125 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$57 |
$58 |
$60 |
$62 |
$64 |
| Monthly Gross Operating Income |
$1,831 |
$1,886 |
$1,943 |
$2,001 |
$2,061 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,655 |
$23,334 |
$24,034 |
$24,756 |
$25,498 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,655 |
$23,334 |
$24,034 |
$24,756 |
$25,498 |
| Annual Vacancy Dollar |
$680 |
$700 |
$721 |
$743 |
$765 |
| Annual Gross Operating Income |
$21,975 |
$22,634 |
$23,313 |
$24,013 |
$24,733 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.999% |
0.999% |
0.999% |
0.999% |
0.999% |
| Property Taxes Dollar |
$2,497 |
$2,572 |
$2,649 |
$2,729 |
$2,810 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$4,184 |
$4,310 |
$4,439 |
$4,572 |
$4,709 |
| 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 |
$2,198 |
$2,263 |
$2,331 |
$2,401 |
$2,473 |
| 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 |
$8,879 |
$9,145 |
$9,419 |
$9,702 |
$9,993 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,096 |
$13,489 |
$13,894 |
$14,311 |
$14,740 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,964 |
$15,964 |
$15,964 |
$15,964 |
$15,964 |
| Principal |
$2,031 |
$2,178 |
$2,335 |
$2,504 |
$2,685 |
| Interest |
$13,933 |
$13,786 |
$13,629 |
$13,460 |
$13,279 |
| Loan Balance at End of Year |
$197,931 |
$195,753 |
$193,418 |
$190,913 |
$188,228 |
| 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 |
$59,520 |
$69,422 |
$79,713 |
$90,411 |
$101,536 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$2,868 |
-$2,475 |
-$2,070 |
-$1,653 |
-$1,224 |
| Monhtly Cash Flow |
-$239 |
-$206 |
-$173 |
-$138 |
-$102 |
| Cash on Cash Return on Investment |
-0.045% |
-0.039% |
-0.033% |
-0.026% |
-0.019% |
| 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 |