Coral Springs Deal Analysis
Let's look at deal analysis for Coral Springs, 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 Coral Springs, Florida Rental Property
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Typical 20% Down Payment Coral Springs, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$523,145
|
|
Purchase Price
|
|
$523,145
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$104,629
|
|
Closing Costs
|
1.000%
|
$5,231
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$54,255
|
|
Total Invested
|
|
$164,115
|
|
Mortgage
|
|
Mortgage Amount
|
|
$418,516
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,780
$3780.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,361
|
|
Property Taxes
|
1.231%
|
$6,440
|
|
Property Insurance
|
1.674%
|
$8,757
|
|
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%
|
$78,472
|
|
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 |
$538,839 |
$555,005 |
$571,655 |
$588,804 |
$606,468 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$15,694 |
$16,165 |
$16,650 |
$17,150 |
$17,664 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,780 |
$3,893 |
$4,010 |
$4,131 |
$4,254 |
| 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 |
$3,780 |
$3,893 |
$4,010 |
$4,131 |
$4,254 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$113 |
$117 |
$120 |
$124 |
$128 |
| Monthly Gross Operating Income |
$3,667 |
$3,777 |
$3,890 |
$4,007 |
$4,127 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$45,360 |
$46,721 |
$48,122 |
$49,566 |
$51,053 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$45,360 |
$46,721 |
$48,122 |
$49,566 |
$51,053 |
| Annual Vacancy Dollar |
$1,361 |
$1,402 |
$1,444 |
$1,487 |
$1,532 |
| Annual Gross Operating Income |
$43,999 |
$45,319 |
$46,679 |
$48,079 |
$49,521 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.231% |
1.231% |
1.231% |
1.231% |
1.231% |
| Property Taxes Dollar |
$6,440 |
$6,633 |
$6,832 |
$7,037 |
$7,248 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$8,757 |
$9,020 |
$9,291 |
$9,569 |
$9,857 |
| 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 |
$4,400 |
$4,532 |
$4,668 |
$4,808 |
$4,952 |
| 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 |
$19,597 |
$20,185 |
$20,791 |
$21,414 |
$22,057 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,402 |
$25,134 |
$25,888 |
$26,665 |
$27,465 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$33,413 |
$33,413 |
$33,413 |
$33,413 |
$33,413 |
| Principal |
$4,251 |
$4,559 |
$4,888 |
$5,242 |
$5,621 |
| Interest |
$29,161 |
$28,854 |
$28,525 |
$28,171 |
$27,792 |
| Loan Balance at End of Year |
$414,265 |
$409,706 |
$404,818 |
$399,576 |
$393,956 |
| 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 |
$124,575 |
$145,299 |
$166,837 |
$189,228 |
$212,513 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$9,011 |
-$8,279 |
-$7,525 |
-$6,748 |
-$5,948 |
| Monhtly Cash Flow |
-$751 |
-$690 |
-$627 |
-$562 |
-$496 |
| Cash on Cash Return on Investment |
-0.055% |
-0.050% |
-0.046% |
-0.041% |
-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 |