West Palm Beach Deal Analysis
Let's look at deal analysis for West Palm Beach, 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 West Palm Beach, Florida Rental Property
|
Typical 20% Down Payment West Palm Beach, Florida Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$381,476
|
|
Purchase Price
|
|
$381,476
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$76,295
|
|
Closing Costs
|
1.000%
|
$3,815
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$78,945
|
|
Total Invested
|
|
$159,055
|
|
Mortgage
|
|
Mortgage Amount
|
|
$305,180.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,520
$2520.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$907
|
|
Property Taxes
|
1.213%
|
$4,627
|
|
Property Insurance
|
1.674%
|
$6,386
|
|
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%
|
$57,221
|
|
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 |
$392,920 |
$404,708 |
$416,849 |
$429,355 |
$442,235 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,444 |
$11,788 |
$12,141 |
$12,505 |
$12,881 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,520 |
$2,596 |
$2,673 |
$2,754 |
$2,836 |
| 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 |
$2,520 |
$2,596 |
$2,673 |
$2,754 |
$2,836 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$76 |
$78 |
$80 |
$83 |
$85 |
| Monthly Gross Operating Income |
$2,444 |
$2,518 |
$2,593 |
$2,671 |
$2,751 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$30,240 |
$31,147 |
$32,082 |
$33,044 |
$34,035 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$30,240 |
$31,147 |
$32,082 |
$33,044 |
$34,035 |
| Annual Vacancy Dollar |
$907 |
$934 |
$962 |
$991 |
$1,021 |
| Annual Gross Operating Income |
$29,333 |
$30,213 |
$31,119 |
$32,053 |
$33,014 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
1.213% |
1.213% |
1.213% |
1.213% |
1.213% |
| Property Taxes Dollar |
$4,627 |
$4,766 |
$4,909 |
$5,056 |
$5,208 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$6,386 |
$6,577 |
$6,775 |
$6,978 |
$7,187 |
| 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 |
$2,933 |
$3,021 |
$3,112 |
$3,205 |
$3,301 |
| 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 |
$13,946 |
$14,365 |
$14,796 |
$15,240 |
$15,697 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$15,386 |
$15,848 |
$16,323 |
$16,813 |
$17,317 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$24,365 |
$24,365 |
$24,365 |
$24,365 |
$24,365 |
| Principal |
$3,100 |
$3,324 |
$3,565 |
$3,822 |
$4,099 |
| Interest |
$21,264 |
$21,040 |
$20,800 |
$20,542 |
$20,266 |
| Loan Balance at End of Year |
$302,081 |
$298,756 |
$295,192 |
$291,370 |
$287,271 |
| 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 |
$90,840 |
$105,951 |
$121,657 |
$137,985 |
$154,964 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$8,978 |
-$8,517 |
-$8,041 |
-$7,552 |
-$7,047 |
| Monhtly Cash Flow |
-$748 |
-$710 |
-$670 |
-$629 |
-$587 |
| Cash on Cash Return on Investment |
-0.056% |
-0.054% |
-0.051% |
-0.047% |
-0.044% |
| 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 |