Clearwater Deal Analysis
Let's look at deal analysis for Clearwater, 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 Clearwater, Florida Nomad™ Property with 10% Higher Rents
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Typical Clearwater, 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/#
|
|
ARV
|
|
$324,143
|
|
Purchase Price
|
|
$324,143
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$16,207
|
|
Closing Costs
|
1.000%
|
$3,241
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$17,543
|
|
Total Invested
|
|
$36,991
|
|
Mortgage
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|
Mortgage Amount
|
|
$307,935.85
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Mortgage Interest Rate
|
6.500%
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|
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Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$218.12
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
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Monthly Rent
|
|
$2,772
$2772.00
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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%
|
$998
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Property Taxes
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0.938%
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$3,040
|
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Property Insurance
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1.674%
|
$5,426
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|
HOA Dues
|
|
$0
|
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Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
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%
|
$48,621
|
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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 |
$333,867 |
$343,883 |
$354,200 |
$364,826 |
$375,771 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$9,724 |
$10,016 |
$10,316 |
$10,626 |
$10,945 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,772 |
$2,855 |
$2,941 |
$3,029 |
$3,120 |
| 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 |
$2,772 |
$2,855 |
$2,941 |
$3,029 |
$3,120 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$83 |
$86 |
$88 |
$91 |
$94 |
| Monthly Gross Operating Income |
$2,689 |
$2,770 |
$2,853 |
$2,938 |
$3,026 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,264 |
$34,262 |
$35,290 |
$36,348 |
$37,439 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,264 |
$34,262 |
$35,290 |
$36,348 |
$37,439 |
| Annual Vacancy Dollar |
$998 |
$1,028 |
$1,059 |
$1,090 |
$1,123 |
| Annual Gross Operating Income |
$32,266 |
$33,234 |
$34,231 |
$35,258 |
$36,316 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.938% |
0.938% |
0.938% |
0.938% |
0.938% |
| Property Taxes Dollar |
$3,040 |
$3,132 |
$3,226 |
$3,322 |
$3,422 |
| Insurance Percent |
1.674% |
1.674% |
1.674% |
1.674% |
1.674% |
| Insurance Dollar |
$5,426 |
$5,589 |
$5,757 |
$5,929 |
$6,107 |
| 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 |
$3,227 |
$3,323 |
$3,423 |
$3,526 |
$3,632 |
| 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 |
$11,693 |
$12,044 |
$12,405 |
$12,778 |
$13,161 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,573 |
$21,190 |
$21,826 |
$22,481 |
$23,155 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$23,356 |
$23,356 |
$23,356 |
$23,356 |
$23,356 |
| Principal |
$3,442 |
$3,672 |
$3,918 |
$4,181 |
$4,461 |
| Interest |
$19,914 |
$19,684 |
$19,438 |
$19,176 |
$18,896 |
| Loan Balance at End of Year |
$304,494 |
$300,822 |
$296,903 |
$292,723 |
$288,262 |
| 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 |
$2,617 |
$2,617 |
$2,617 |
$2,617 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$29,373 |
$43,062 |
$57,296 |
$72,103 |
$87,509 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$5,401 |
-$4,784 |
-$4,148 |
-$3,493 |
-$201 |
| Monhtly Cash Flow |
-$450 |
-$399 |
-$346 |
-$291 |
-$17 |
| Cash on Cash Return on Investment |
-0.146% |
-0.129% |
-0.112% |
-0.094% |
-0.005% |
| 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 |