West Palm Beach Deal Analysis
Let's look at deal analysis for West Palm Beach, 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 West Palm Beach, Florida Nomad™ Property with 10% Higher Rents
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Typical West Palm Beach, 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
|
|
$381,476
|
|
Purchase Price
|
|
$381,476
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$19,074
|
|
Closing Costs
|
1.000%
|
$3,815
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$88,281
|
|
Total Invested
|
|
$111,170
|
|
Mortgage
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|
Mortgage Amount
|
|
$362,402.20
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$256.70
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,772
$2772.00
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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%
|
$998
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Property Taxes
|
1.213%
|
$4,627
|
|
Property Insurance
|
1.674%
|
$6,386
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|
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%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$57,221
|
|
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 |
$392,920 |
$404,708 |
$416,849 |
$429,355 |
$442,235 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,444 |
$11,788 |
$12,141 |
$12,505 |
$12,881 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,772 |
$2,855 |
$2,941 |
$3,029 |
$3,120 |
| 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 |
$2,772 |
$2,855 |
$2,941 |
$3,029 |
$3,120 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$83 |
$86 |
$88 |
$91 |
$94 |
| Monthly Gross Operating Income |
$2,689 |
$2,770 |
$2,853 |
$2,938 |
$3,026 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,264 |
$34,262 |
$35,290 |
$36,348 |
$37,439 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,264 |
$34,262 |
$35,290 |
$36,348 |
$37,439 |
| Annual Vacancy Dollar |
$998 |
$1,028 |
$1,059 |
$1,090 |
$1,123 |
| Annual Gross Operating Income |
$32,266 |
$33,234 |
$34,231 |
$35,258 |
$36,316 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.213% |
1.213% |
1.213% |
1.213% |
1.213% |
| Property Taxes Dollar |
$4,627 |
$4,766 |
$4,909 |
$5,056 |
$5,208 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$6,386 |
$6,577 |
$6,775 |
$6,978 |
$7,187 |
| 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 |
$3,227 |
$3,323 |
$3,423 |
$3,526 |
$3,632 |
| 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 |
$14,240 |
$14,667 |
$15,107 |
$15,560 |
$16,027 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,026 |
$18,567 |
$19,124 |
$19,698 |
$20,289 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$27,488 |
$27,488 |
$27,488 |
$27,488 |
$27,488 |
| Principal |
$4,051 |
$4,322 |
$4,611 |
$4,920 |
$5,250 |
| Interest |
$23,437 |
$23,166 |
$22,876 |
$22,567 |
$22,238 |
| Loan Balance at End of Year |
$358,352 |
$354,030 |
$349,418 |
$344,498 |
$339,248 |
| 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 |
$3,080 |
$3,080 |
$3,080 |
$3,080 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$34,569 |
$50,678 |
$67,431 |
$84,857 |
$102,987 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,542 |
-$12,001 |
-$11,444 |
-$10,870 |
-$7,199 |
| Monhtly Cash Flow |
-$1,045 |
-$1,000 |
-$954 |
-$906 |
-$600 |
| Cash on Cash Return on Investment |
-0.113% |
-0.108% |
-0.103% |
-0.098% |
-0.065% |
| 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 |