Tallahassee Deal Analysis
Let's look at deal analysis for Tallahassee, 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 Tallahassee, Florida Rental Property
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Typical 20% Down Payment Tallahassee, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$237,581
|
|
Purchase Price
|
|
$237,581
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$47,516
|
|
Closing Costs
|
1.000%
|
$2,376
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$2,302
|
|
Total Invested
|
|
$52,195
|
|
Mortgage
|
|
Mortgage Amount
|
|
$190,064.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,953
$1953.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$703
|
|
Property Taxes
|
1.066%
|
$2,533
|
|
Property Insurance
|
1.674%
|
$3,977
|
|
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%
|
$35,637
|
|
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 |
$244,708 |
$252,050 |
$259,611 |
$267,400 |
$275,421 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$7,127 |
$7,341 |
$7,561 |
$7,788 |
$8,022 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,953 |
$2,012 |
$2,072 |
$2,134 |
$2,198 |
| 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 |
$1,953 |
$2,012 |
$2,072 |
$2,134 |
$2,198 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$59 |
$60 |
$62 |
$64 |
$66 |
| Monthly Gross Operating Income |
$1,894 |
$1,951 |
$2,010 |
$2,070 |
$2,132 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$23,436 |
$24,139 |
$24,863 |
$25,609 |
$26,377 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$23,436 |
$24,139 |
$24,863 |
$25,609 |
$26,377 |
| Annual Vacancy Dollar |
$703 |
$724 |
$746 |
$768 |
$791 |
| Annual Gross Operating Income |
$22,733 |
$23,415 |
$24,117 |
$24,841 |
$25,586 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.066% |
1.066% |
1.066% |
1.066% |
1.066% |
| Property Taxes Dollar |
$2,533 |
$2,609 |
$2,687 |
$2,767 |
$2,850 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$3,977 |
$4,096 |
$4,219 |
$4,346 |
$4,476 |
| 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 |
$2,273 |
$2,341 |
$2,412 |
$2,484 |
$2,559 |
| 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 |
$8,783 |
$9,047 |
$9,318 |
$9,597 |
$9,885 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$13,950 |
$14,368 |
$14,799 |
$15,243 |
$15,701 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,174 |
$15,174 |
$15,174 |
$15,174 |
$15,174 |
| Principal |
$1,931 |
$2,070 |
$2,220 |
$2,380 |
$2,553 |
| Interest |
$13,243 |
$13,104 |
$12,954 |
$12,794 |
$12,622 |
| Loan Balance at End of Year |
$188,134 |
$186,064 |
$183,844 |
$181,463 |
$178,911 |
| 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 |
$56,574 |
$65,986 |
$75,767 |
$85,936 |
$96,511 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$1,224 |
-$806 |
-$375 |
$69 |
$527 |
| Monhtly Cash Flow |
-$102 |
-$67 |
-$31 |
$6 |
$44 |
| Cash on Cash Return on Investment |
-0.023% |
-0.015% |
-0.007% |
0.001% |
0.010% |
| 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 |