Tallahassee Deal Analysis
Let's look at deal analysis for Tallahassee, 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 Tallahassee, Florida Nomad™ Property with 10% Higher Rents
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Typical Tallahassee, 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
|
|
$237,581
|
|
Purchase Price
|
|
$237,581
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$11,879
|
|
Closing Costs
|
1.000%
|
$2,376
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$8,877
|
|
Total Invested
|
|
$23,132
|
|
Mortgage
|
|
Mortgage Amount
|
|
$225,701.95
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|
Mortgage Interest Rate
|
6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$159.87
|
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Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,148
$2148.30
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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%
|
$773
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Property Taxes
|
1.066%
|
$2,533
|
|
Property Insurance
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1.674%
|
$3,977
|
|
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%
|
$35,637
|
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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 |
$244,708 |
$252,050 |
$259,611 |
$267,400 |
$275,421 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,127 |
$7,341 |
$7,561 |
$7,788 |
$8,022 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,148 |
$2,213 |
$2,279 |
$2,348 |
$2,418 |
| 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 |
$2,148 |
$2,213 |
$2,279 |
$2,348 |
$2,418 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$64 |
$66 |
$68 |
$70 |
$73 |
| Monthly Gross Operating Income |
$2,084 |
$2,146 |
$2,211 |
$2,277 |
$2,345 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,780 |
$26,553 |
$27,350 |
$28,170 |
$29,015 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,780 |
$26,553 |
$27,350 |
$28,170 |
$29,015 |
| Annual Vacancy Dollar |
$773 |
$797 |
$820 |
$845 |
$870 |
| Annual Gross Operating Income |
$25,006 |
$25,756 |
$26,529 |
$27,325 |
$28,145 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.066% |
1.066% |
1.066% |
1.066% |
1.066% |
| Property Taxes Dollar |
$2,533 |
$2,609 |
$2,687 |
$2,767 |
$2,850 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$3,977 |
$4,096 |
$4,219 |
$4,346 |
$4,476 |
| 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 |
$2,501 |
$2,576 |
$2,653 |
$2,732 |
$2,814 |
| 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 |
$9,010 |
$9,281 |
$9,559 |
$9,846 |
$10,141 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,996 |
$16,476 |
$16,970 |
$17,479 |
$18,003 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$17,119 |
$17,119 |
$17,119 |
$17,119 |
$17,119 |
| Principal |
$2,523 |
$2,692 |
$2,872 |
$3,064 |
$3,270 |
| Interest |
$14,596 |
$14,427 |
$14,247 |
$14,055 |
$13,850 |
| Loan Balance at End of Year |
$223,179 |
$220,488 |
$217,616 |
$214,551 |
$211,282 |
| 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 |
$1,918 |
$1,918 |
$1,918 |
$1,918 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$21,529 |
$31,562 |
$41,996 |
$52,848 |
$64,140 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,042 |
-$2,562 |
-$2,068 |
-$1,558 |
$884 |
| Monhtly Cash Flow |
-$253 |
-$213 |
-$172 |
-$130 |
$74 |
| Cash on Cash Return on Investment |
-0.131% |
-0.111% |
-0.089% |
-0.067% |
0.038% |
| 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 |