Miramar Deal Analysis
Let's look at deal analysis for Miramar, 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 Miramar, Florida Nomad™ Property with 10% Higher Rents
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Typical Miramar, 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/#
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|
ARV
|
|
$425,824
|
|
Purchase Price
|
|
$425,824
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$21,291
|
|
Closing Costs
|
1.000%
|
$4,258
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|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$5,442
|
|
Total Invested
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|
$30,992
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Mortgage
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|
Mortgage Amount
|
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$404,532.80
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
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|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$286.54
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Drop PMI LTV
|
80.000%
|
|
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Income
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|
Monthly Rent
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|
$4,158
$4158.00
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Other Income
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|
$0
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Annual Expenses
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Vacancy Rate
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3.000%
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$1,497
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Property Taxes
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1.222%
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$5,204
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Property Insurance
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1.675%
|
$7,133
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$0
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Maintenance
|
10.000%
|
|
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CapEx
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|
$0
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Management
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0.000%
|
|
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Depreciation Details
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|
Land Value
|
15.000%
|
$63,874
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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 |
$438,599 |
$451,757 |
$465,309 |
$479,269 |
$493,647 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$12,775 |
$13,158 |
$13,553 |
$13,959 |
$14,378 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$4,158 |
$4,283 |
$4,411 |
$4,544 |
$4,680 |
| 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 |
$4,158 |
$4,283 |
$4,411 |
$4,544 |
$4,680 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$125 |
$128 |
$132 |
$136 |
$140 |
| Monthly Gross Operating Income |
$4,033 |
$4,154 |
$4,279 |
$4,407 |
$4,539 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$49,896 |
$51,393 |
$52,935 |
$54,523 |
$56,158 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$49,896 |
$51,393 |
$52,935 |
$54,523 |
$56,158 |
| Annual Vacancy Dollar |
$1,497 |
$1,542 |
$1,588 |
$1,636 |
$1,685 |
| Annual Gross Operating Income |
$48,399 |
$49,851 |
$51,347 |
$52,887 |
$54,474 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.222% |
1.222% |
1.222% |
1.222% |
1.222% |
| Property Taxes Dollar |
$5,204 |
$5,360 |
$5,520 |
$5,686 |
$5,857 |
| Insurance Percent |
1.675% |
1.675% |
1.675% |
1.675% |
1.675% |
| Insurance Dollar |
$7,133 |
$7,347 |
$7,567 |
$7,794 |
$8,028 |
| 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 |
$4,840 |
$4,985 |
$5,135 |
$5,289 |
$5,447 |
| 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 |
$17,176 |
$17,691 |
$18,222 |
$18,769 |
$19,332 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$31,223 |
$32,160 |
$33,125 |
$34,118 |
$35,142 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$30,683 |
$30,683 |
$30,683 |
$30,683 |
$30,683 |
| Principal |
$4,522 |
$4,824 |
$5,147 |
$5,492 |
$5,860 |
| Interest |
$26,162 |
$25,859 |
$25,536 |
$25,191 |
$24,823 |
| Loan Balance at End of Year |
$400,011 |
$395,187 |
$390,039 |
$384,547 |
$378,687 |
| 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 |
$3,439 |
$3,439 |
$3,439 |
$3,439 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$38,587 |
$56,570 |
$75,270 |
$94,721 |
$114,959 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$2,898 |
-$1,962 |
-$997 |
-$3 |
$4,459 |
| Monhtly Cash Flow |
-$242 |
-$163 |
-$83 |
-$0 |
$372 |
| Cash on Cash Return on Investment |
-0.094% |
-0.063% |
-0.032% |
0.000% |
0.144% |
| 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 |