Lakeland Deal Analysis
Let's look at deal analysis for Lakeland, 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 Lakeland, Florida Nomad™ Property with 10% Higher Rents
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Typical Lakeland, 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
|
|
$249,953
|
|
Purchase Price
|
|
$249,953
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$12,498
|
|
Closing Costs
|
1.000%
|
$2,500
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$18,203
|
|
Total Invested
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$33,200
|
|
Mortgage
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|
Mortgage Amount
|
|
$237,455.35
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|
Mortgage Interest Rate
|
6.500%
|
|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$168.20
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,077
$2076.69
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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%
|
$748
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Property Taxes
|
0.999%
|
$2,497
|
|
Property Insurance
|
1.674%
|
$4,184
|
|
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%
|
$37,493
|
|
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 |
$257,452 |
$265,175 |
$273,130 |
$281,324 |
$289,764 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,499 |
$7,724 |
$7,955 |
$8,194 |
$8,440 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,077 |
$2,139 |
$2,203 |
$2,269 |
$2,337 |
| 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 |
$2,077 |
$2,139 |
$2,203 |
$2,269 |
$2,337 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$62 |
$64 |
$66 |
$68 |
$70 |
| Monthly Gross Operating Income |
$2,014 |
$2,075 |
$2,137 |
$2,201 |
$2,267 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$24,920 |
$25,668 |
$26,438 |
$27,231 |
$28,048 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$24,920 |
$25,668 |
$26,438 |
$27,231 |
$28,048 |
| Annual Vacancy Dollar |
$748 |
$770 |
$793 |
$817 |
$841 |
| Annual Gross Operating Income |
$24,173 |
$24,898 |
$25,645 |
$26,414 |
$27,207 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.999% |
0.999% |
0.999% |
0.999% |
0.999% |
| Property Taxes Dollar |
$2,497 |
$2,572 |
$2,649 |
$2,729 |
$2,810 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$4,184 |
$4,310 |
$4,439 |
$4,572 |
$4,709 |
| 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 |
$2,417 |
$2,490 |
$2,564 |
$2,641 |
$2,721 |
| 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 |
$9,099 |
$9,371 |
$9,653 |
$9,942 |
$10,240 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,074 |
$15,526 |
$15,992 |
$16,472 |
$16,966 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$18,011 |
$18,011 |
$18,011 |
$18,011 |
$18,011 |
| Principal |
$2,654 |
$2,832 |
$3,022 |
$3,224 |
$3,440 |
| Interest |
$15,356 |
$15,179 |
$14,989 |
$14,787 |
$14,571 |
| Loan Balance at End of Year |
$234,801 |
$231,969 |
$228,948 |
$225,724 |
$222,284 |
| 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 |
$2,018 |
$2,018 |
$2,018 |
$2,018 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$22,650 |
$33,206 |
$44,183 |
$55,600 |
$67,480 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$4,955 |
-$4,503 |
-$4,037 |
-$3,557 |
-$1,044 |
| Monhtly Cash Flow |
-$413 |
-$375 |
-$336 |
-$296 |
-$87 |
| Cash on Cash Return on Investment |
-0.149% |
-0.136% |
-0.122% |
-0.107% |
-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 |