Boca Raton Deal Analysis
Let's look at deal analysis for Boca Raton, 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 Boca Raton, Florida Rental Property
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Typical 20% Down Payment Boca Raton, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$582,113
|
|
Purchase Price
|
|
$582,113
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$116,423
|
|
Closing Costs
|
1.000%
|
$5,821
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$174
|
|
Total Invested
|
|
$122,418
|
|
Mortgage
|
|
Mortgage Amount
|
|
$465,690.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$5,040
$5040.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,814
|
|
Property Taxes
|
1.042%
|
$6,066
|
|
Property Insurance
|
1.674%
|
$9,745
|
|
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%
|
$87,317
|
|
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 |
$599,576 |
$617,564 |
$636,091 |
$655,173 |
$674,829 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$17,463 |
$17,987 |
$18,527 |
$19,083 |
$19,655 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$5,040 |
$5,191 |
$5,347 |
$5,507 |
$5,673 |
| 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 |
$5,040 |
$5,191 |
$5,347 |
$5,507 |
$5,673 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$151 |
$156 |
$160 |
$165 |
$170 |
| Monthly Gross Operating Income |
$4,889 |
$5,035 |
$5,187 |
$5,342 |
$5,502 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$60,480 |
$62,294 |
$64,163 |
$66,088 |
$68,071 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$60,480 |
$62,294 |
$64,163 |
$66,088 |
$68,071 |
| Annual Vacancy Dollar |
$1,814 |
$1,869 |
$1,925 |
$1,983 |
$2,042 |
| Annual Gross Operating Income |
$58,666 |
$60,426 |
$62,238 |
$64,105 |
$66,029 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.042% |
1.042% |
1.042% |
1.042% |
1.042% |
| Property Taxes Dollar |
$6,066 |
$6,248 |
$6,435 |
$6,628 |
$6,827 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$9,745 |
$10,037 |
$10,338 |
$10,648 |
$10,968 |
| 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 |
$5,867 |
$6,043 |
$6,224 |
$6,411 |
$6,603 |
| 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 |
$21,677 |
$22,327 |
$22,997 |
$23,687 |
$24,397 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$36,989 |
$38,099 |
$39,241 |
$40,419 |
$41,631 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$37,179 |
$37,179 |
$37,179 |
$37,179 |
$37,179 |
| Principal |
$4,731 |
$5,073 |
$5,439 |
$5,832 |
$6,254 |
| Interest |
$32,448 |
$32,106 |
$31,740 |
$31,347 |
$30,925 |
| Loan Balance at End of Year |
$460,960 |
$455,887 |
$450,448 |
$444,616 |
$438,362 |
| 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 |
$138,617 |
$161,676 |
$185,642 |
$210,558 |
$236,467 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$190 |
$920 |
$2,062 |
$3,240 |
$4,452 |
| Monhtly Cash Flow |
-$16 |
$77 |
$172 |
$270 |
$371 |
| Cash on Cash Return on Investment |
-0.002% |
0.008% |
0.017% |
0.026% |
0.036% |
| 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 |