Cape Coral Deal Analysis
Let's look at deal analysis for Cape Coral, 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 Cape Coral, Florida Nomad™ Property with 10% Higher Rents
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Typical Cape Coral, 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
|
|
$367,482
|
|
Purchase Price
|
|
$367,482
|
|
Seller Concessions
|
—
|
$0
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|
Down Payment
|
5.000%
|
$18,374
|
|
Closing Costs
|
1.000%
|
$3,675
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|
Rent Ready Costs
|
|
$0
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|
Cumulative Negative Cash Flow
|
|
$7,308
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|
Total Invested
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$29,357
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Mortgage
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Mortgage Amount
|
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$349,107.90
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Mortgage Interest Rate
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6.500%
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Loan Term
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|
360
|
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Private Mortgage Insurance
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0.850%
|
$247.28
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Drop PMI LTV
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80.000%
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|
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Income
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Monthly Rent
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$3,442
$3441.90
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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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$1,239
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Property Taxes
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0.987%
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$3,627
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Property Insurance
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1.674%
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$6,152
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|
HOA Dues
|
|
$0
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Utilities
|
|
$0
|
|
Other Expenses 1
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|
$0
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|
Other Expenses 2
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|
$0
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Maintenance
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10.000%
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|
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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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|
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Depreciation Details
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Land Value
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15.000%
|
$55,122
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Property Type (C or R)
|
R
|
27.5
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|
Effective Income Tax Rate
|
15.000%
|
|
| Property Value |
1 |
2 |
3 |
4 |
5 |
| ARV at End of Year |
$378,506 |
$389,862 |
$401,558 |
$413,604 |
$426,012 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,024 |
$11,355 |
$11,696 |
$12,047 |
$12,408 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$3,442 |
$3,545 |
$3,652 |
$3,761 |
$3,874 |
| 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 |
$3,442 |
$3,545 |
$3,652 |
$3,761 |
$3,874 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$103 |
$106 |
$110 |
$113 |
$116 |
| Monthly Gross Operating Income |
$3,339 |
$3,439 |
$3,542 |
$3,648 |
$3,758 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$41,303 |
$42,542 |
$43,818 |
$45,133 |
$46,487 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$41,303 |
$42,542 |
$43,818 |
$45,133 |
$46,487 |
| Annual Vacancy Dollar |
$1,239 |
$1,276 |
$1,315 |
$1,354 |
$1,395 |
| Annual Gross Operating Income |
$40,064 |
$41,266 |
$42,504 |
$43,779 |
$45,092 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.987% |
0.987% |
0.987% |
0.987% |
0.987% |
| Property Taxes Dollar |
$3,627 |
$3,736 |
$3,848 |
$3,963 |
$4,082 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$6,152 |
$6,336 |
$6,526 |
$6,722 |
$6,924 |
| 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 |
$4,006 |
$4,127 |
$4,250 |
$4,378 |
$4,509 |
| 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 |
$13,785 |
$14,199 |
$14,625 |
$15,063 |
$15,515 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$26,279 |
$27,067 |
$27,879 |
$28,715 |
$29,577 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$26,479 |
$26,479 |
$26,479 |
$26,479 |
$26,479 |
| Principal |
$3,902 |
$4,163 |
$4,442 |
$4,740 |
$5,057 |
| Interest |
$22,577 |
$22,316 |
$22,037 |
$21,739 |
$21,422 |
| Loan Balance at End of Year |
$345,206 |
$341,042 |
$336,600 |
$331,860 |
$326,803 |
| 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 |
$2,967 |
$2,967 |
$2,967 |
$2,967 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$33,301 |
$48,819 |
$64,957 |
$81,744 |
$99,209 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$3,168 |
-$2,380 |
-$1,568 |
-$731 |
$3,098 |
| Monhtly Cash Flow |
-$264 |
-$198 |
-$131 |
-$61 |
$258 |
| Cash on Cash Return on Investment |
-0.108% |
-0.081% |
-0.053% |
-0.025% |
0.106% |
| 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 |