Cape Coral Deal Analysis
Let's look at deal analysis for Cape Coral, 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 Cape Coral, Florida Rental Property
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Typical 20% Down Payment Cape Coral, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$367,482
|
|
Purchase Price
|
|
$367,482
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$73,496
|
|
Closing Costs
|
1.000%
|
$3,675
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$431
|
|
Total Invested
|
|
$77,602
|
|
Mortgage
|
|
Mortgage Amount
|
|
$293,985.60
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,129
$3129.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,126
|
|
Property Taxes
|
0.987%
|
$3,627
|
|
Property Insurance
|
1.674%
|
$6,152
|
|
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%
|
$55,122
|
|
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 |
$378,506 |
$389,862 |
$401,558 |
$413,604 |
$426,012 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,024 |
$11,355 |
$11,696 |
$12,047 |
$12,408 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,129 |
$3,223 |
$3,320 |
$3,419 |
$3,522 |
| 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 |
$3,129 |
$3,223 |
$3,320 |
$3,419 |
$3,522 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$94 |
$97 |
$100 |
$103 |
$106 |
| Monthly Gross Operating Income |
$3,035 |
$3,126 |
$3,220 |
$3,317 |
$3,416 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$37,548 |
$38,674 |
$39,835 |
$41,030 |
$42,261 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$37,548 |
$38,674 |
$39,835 |
$41,030 |
$42,261 |
| Annual Vacancy Dollar |
$1,126 |
$1,160 |
$1,195 |
$1,231 |
$1,268 |
| Annual Gross Operating Income |
$36,422 |
$37,514 |
$38,640 |
$39,799 |
$40,993 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.987% |
0.987% |
0.987% |
0.987% |
0.987% |
| Property Taxes Dollar |
$3,627 |
$3,736 |
$3,848 |
$3,963 |
$4,082 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$6,152 |
$6,336 |
$6,526 |
$6,722 |
$6,924 |
| 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 |
$3,642 |
$3,751 |
$3,864 |
$3,980 |
$4,099 |
| 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 |
$13,421 |
$13,823 |
$14,238 |
$14,665 |
$15,105 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$23,001 |
$23,691 |
$24,401 |
$25,133 |
$25,887 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$23,471 |
$23,471 |
$23,471 |
$23,471 |
$23,471 |
| Principal |
$2,986 |
$3,202 |
$3,434 |
$3,682 |
$3,948 |
| Interest |
$20,484 |
$20,269 |
$20,037 |
$19,789 |
$19,523 |
| Loan Balance at End of Year |
$290,999 |
$287,797 |
$284,363 |
$280,682 |
$276,734 |
| 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 |
$87,507 |
$102,065 |
$117,194 |
$132,923 |
$149,279 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$470 |
$220 |
$931 |
$1,663 |
$2,417 |
| Monhtly Cash Flow |
-$39 |
$18 |
$78 |
$139 |
$201 |
| Cash on Cash Return on Investment |
-0.006% |
0.003% |
0.012% |
0.021% |
0.031% |
| 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 |