Miami Deal Analysis
Let's look at deal analysis for Miami, 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 Miami, Florida Nomad™ Property with 10% Higher Rents
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Typical Miami, Florida Nomad™ Property with 10% Higher Rents
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|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$501,267
|
|
Purchase Price
|
|
$501,267
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$25,063
|
|
Closing Costs
|
1.000%
|
$5,013
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$275,210
|
|
Total Invested
|
|
$305,286
|
|
Mortgage
|
|
Mortgage Amount
|
|
$476,203.65
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$337.31
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$3,003
$3003.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,081
|
|
Property Taxes
|
1.088%
|
$5,454
|
|
Property Insurance
|
1.675%
|
$8,396
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$75,190
|
|
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 |
$516,305 |
$531,794 |
$547,748 |
$564,180 |
$581,106 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$15,038 |
$15,489 |
$15,954 |
$16,432 |
$16,925 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,003 |
$3,093 |
$3,186 |
$3,281 |
$3,380 |
| 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 |
$3,003 |
$3,093 |
$3,186 |
$3,281 |
$3,380 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$90 |
$93 |
$96 |
$98 |
$101 |
| Monthly Gross Operating Income |
$2,913 |
$3,000 |
$3,090 |
$3,183 |
$3,279 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$36,036 |
$37,117 |
$38,231 |
$39,378 |
$40,559 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$36,036 |
$37,117 |
$38,231 |
$39,378 |
$40,559 |
| Annual Vacancy Dollar |
$1,081 |
$1,114 |
$1,147 |
$1,181 |
$1,217 |
| Annual Gross Operating Income |
$34,955 |
$36,004 |
$37,084 |
$38,196 |
$39,342 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.088% |
1.088% |
1.088% |
1.088% |
1.088% |
| Property Taxes Dollar |
$5,454 |
$5,617 |
$5,786 |
$5,959 |
$6,138 |
| Insurance Percent |
1.675% |
1.675% |
1.675% |
1.675% |
1.675% |
| Insurance Dollar |
$8,396 |
$8,648 |
$8,908 |
$9,175 |
$9,450 |
| 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 |
$3,495 |
$3,600 |
$3,708 |
$3,820 |
$3,934 |
| 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 |
$17,345 |
$17,866 |
$18,402 |
$18,954 |
$19,523 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$17,609 |
$18,138 |
$18,682 |
$19,242 |
$19,820 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$36,119 |
$36,119 |
$36,119 |
$36,119 |
$36,119 |
| Principal |
$5,323 |
$5,679 |
$6,059 |
$6,465 |
$6,898 |
| Interest |
$30,797 |
$30,440 |
$30,060 |
$29,654 |
$29,221 |
| Loan Balance at End of Year |
$470,881 |
$465,202 |
$459,142 |
$452,677 |
$445,779 |
| 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 |
$4,048 |
$4,048 |
$4,048 |
$4,048 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$45,424 |
$66,592 |
$88,606 |
$111,503 |
$135,327 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$22,557 |
-$22,029 |
-$21,485 |
-$20,925 |
-$16,300 |
| Monhtly Cash Flow |
-$1,880 |
-$1,836 |
-$1,790 |
-$1,744 |
-$1,358 |
| Cash on Cash Return on Investment |
-0.074% |
-0.072% |
-0.070% |
-0.069% |
-0.053% |
| 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 |