St Petersburg Deal Analysis
Let's look at deal analysis for St Petersburg, 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 St Petersburg, Florida Nomad™ Property with 10% Higher Rents
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Typical St Petersburg, 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
|
|
$313,133
|
|
Purchase Price
|
|
$313,133
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$15,657
|
|
Closing Costs
|
1.000%
|
$3,131
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$12,950
|
|
Total Invested
|
|
$31,738
|
|
Mortgage
|
|
Mortgage Amount
|
|
$297,476.35
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|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$210.71
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,749
$2748.90
|
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Other Income
|
|
$0
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|
Annual Expenses
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Vacancy Rate
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3.000%
|
$990
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Property Taxes
|
0.885%
|
$2,771
|
|
Property Insurance
|
1.674%
|
$5,242
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
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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%
|
$46,970
|
|
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 |
$322,527 |
$332,203 |
$342,169 |
$352,434 |
$363,007 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,394 |
$9,676 |
$9,966 |
$10,265 |
$10,573 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,749 |
$2,831 |
$2,916 |
$3,004 |
$3,094 |
| 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 |
$2,749 |
$2,831 |
$2,916 |
$3,004 |
$3,094 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$82 |
$85 |
$87 |
$90 |
$93 |
| Monthly Gross Operating Income |
$2,666 |
$2,746 |
$2,829 |
$2,914 |
$3,001 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$32,987 |
$33,976 |
$34,996 |
$36,046 |
$37,127 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$32,987 |
$33,976 |
$34,996 |
$36,046 |
$37,127 |
| Annual Vacancy Dollar |
$990 |
$1,019 |
$1,050 |
$1,081 |
$1,114 |
| Annual Gross Operating Income |
$31,997 |
$32,957 |
$33,946 |
$34,964 |
$36,013 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.885% |
0.885% |
0.885% |
0.885% |
0.885% |
| Property Taxes Dollar |
$2,771 |
$2,854 |
$2,940 |
$3,028 |
$3,119 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$5,242 |
$5,399 |
$5,561 |
$5,728 |
$5,900 |
| 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 |
$3,200 |
$3,296 |
$3,395 |
$3,496 |
$3,601 |
| 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 |
$11,213 |
$11,549 |
$11,896 |
$12,253 |
$12,620 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,784 |
$21,408 |
$22,050 |
$22,712 |
$23,393 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$22,563 |
$22,563 |
$22,563 |
$22,563 |
$22,563 |
| Principal |
$3,325 |
$3,548 |
$3,785 |
$4,039 |
$4,309 |
| Interest |
$19,238 |
$19,015 |
$18,778 |
$18,524 |
$18,254 |
| Loan Balance at End of Year |
$294,151 |
$290,604 |
$286,819 |
$282,780 |
$278,471 |
| 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 |
$2,529 |
$2,529 |
$2,529 |
$2,529 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$28,376 |
$41,599 |
$55,350 |
$69,654 |
$84,536 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,307 |
-$3,684 |
-$3,041 |
-$2,380 |
$830 |
| Monhtly Cash Flow |
-$359 |
-$307 |
-$253 |
-$198 |
$69 |
| Cash on Cash Return on Investment |
-0.136% |
-0.116% |
-0.096% |
-0.075% |
0.026% |
| 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 |