Palm Bay Deal Analysis
Let's look at deal analysis for Palm Bay, 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 Palm Bay, Florida Rental Property
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Typical 20% Down Payment Palm Bay, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$257,355
|
|
Purchase Price
|
|
$257,355
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$51,471
|
|
Closing Costs
|
1.000%
|
$2,574
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$54,045
|
|
Mortgage
|
|
Mortgage Amount
|
|
$205,884
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,329
$2328.90
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$838
|
|
Property Taxes
|
0.794%
|
$2,043
|
|
Property Insurance
|
1.674%
|
$4,308
|
|
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%
|
$38,603
|
|
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 |
$265,076 |
$273,028 |
$281,219 |
$289,655 |
$298,345 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,721 |
$7,952 |
$8,191 |
$8,437 |
$8,690 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,329 |
$2,399 |
$2,471 |
$2,545 |
$2,621 |
| 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 |
$2,329 |
$2,399 |
$2,471 |
$2,545 |
$2,621 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$70 |
$72 |
$74 |
$76 |
$79 |
| Monthly Gross Operating Income |
$2,259 |
$2,327 |
$2,397 |
$2,469 |
$2,543 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$27,947 |
$28,785 |
$29,649 |
$30,538 |
$31,454 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$27,947 |
$28,785 |
$29,649 |
$30,538 |
$31,454 |
| Annual Vacancy Dollar |
$838 |
$864 |
$889 |
$916 |
$944 |
| Annual Gross Operating Income |
$27,108 |
$27,922 |
$28,759 |
$29,622 |
$30,511 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.794% |
0.794% |
0.794% |
0.794% |
0.794% |
| Property Taxes Dollar |
$2,043 |
$2,105 |
$2,168 |
$2,233 |
$2,300 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$4,308 |
$4,437 |
$4,570 |
$4,708 |
$4,849 |
| 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 |
$2,711 |
$2,792 |
$2,876 |
$2,962 |
$3,051 |
| 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 |
$9,062 |
$9,334 |
$9,614 |
$9,903 |
$10,200 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,046 |
$18,587 |
$19,145 |
$19,719 |
$20,311 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$16,437 |
$16,437 |
$16,437 |
$16,437 |
$16,437 |
| Principal |
$2,091 |
$2,243 |
$2,405 |
$2,579 |
$2,765 |
| Interest |
$14,346 |
$14,194 |
$14,032 |
$13,858 |
$13,672 |
| Loan Balance at End of Year |
$203,793 |
$201,550 |
$199,145 |
$196,567 |
$193,802 |
| 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 |
$61,283 |
$71,478 |
$82,073 |
$93,088 |
$104,543 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$1,609 |
$2,150 |
$2,708 |
$3,282 |
$3,874 |
| Monhtly Cash Flow |
$134 |
$179 |
$226 |
$274 |
$323 |
| Cash on Cash Return on Investment |
0.030% |
0.040% |
0.050% |
0.061% |
0.072% |
| 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 |