Pembroke Pines Deal Analysis

Let's look at deal analysis for Pembroke Pines, FL and for 15 Buy 10 Nomads™ with 10% Higher Rents.

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Typical Pembroke Pines, Florida Nomad™ Property with 10% Higher Rents

Typical Pembroke Pines, Florida Nomad™ Property with 10% Higher Rents
Purchase Inputs
Percents Dollars/#
ARV $462,597
Purchase Price $462,597
Seller Concessions $0
Down Payment 5.000% $23,130
Closing Costs 1.000% $4,626
Rent Ready Costs $0
Cumulative Negative Cash Flow $21,311
Total Invested $49,067
Mortgage
Mortgage Amount $439,467.15
Mortgage Interest Rate 6.500%
Loan Term 360
Private Mortgage Insurance 0.850% $311.29
Drop PMI LTV 80.000%
Income
Monthly Rent $4,158 $4158.00
Other Income $0
Annual Expenses
Vacancy Rate 3.000% $1,497
Property Taxes 1.216% $5,625
Property Insurance 1.675% $7,748
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% $69,390
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 $476,475 $490,769 $505,492 $520,657 $536,277
Appreciation Rate 3.000% 3.000% 3.000% 3.000% 3.000%
Appreciation Dollar $13,878 $14,294 $14,723 $15,165 $15,620
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 1.216% 1.216% 1.216% 1.216% 1.216%
Property Taxes Dollar $5,625 $5,794 $5,968 $6,147 $6,331
Insurance Percent 1.675% 1.675% 1.675% 1.675% 1.675%
Insurance Dollar $7,748 $7,981 $8,220 $8,467 $8,721
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 $18,214 $18,760 $19,323 $19,902 $20,500
Net Operating Income 1 2 3 4 5
Net Operating Income (NOI) $30,186 $31,091 $32,024 $32,985 $33,974
Mortgage 1 2 3 4 5
Total Annual P&I Payments $33,333 $33,333 $33,333 $33,333 $33,333
Principal $4,912 $5,241 $5,592 $5,966 $6,366
Interest $28,421 $28,092 $27,741 $27,366 $26,967
Loan Balance at End of Year $434,555 $429,314 $423,722 $417,756 $411,390
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 $3,735 $3,735 $3,735 $3,735 $0
Equity 1 2 3 4 5
ARV - Loan Balance at End of Year $41,920 $61,455 $81,770 $102,901 $124,887
Cash Flow 1 2 3 4 5
Annual Cash Flow -$6,883 -$5,977 -$5,044 -$4,084 $641
Monhtly Cash Flow -$574 -$498 -$420 -$340 $53
Cash on Cash Return on Investment -0.140% -0.122% -0.103% -0.083% 0.013%
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