Help me learn the Cashflow Analyzer (Tampa/Pinellas County)

7 Replies

I have 3 scenarios here.  I know none are -exceptional- but in my area in Tampa, so much hedge fund big $$ has been spent on 3/2s that the prices have made it tough to get the deals.  But when I run numbers on some of these, they still look appealing.  UNless I am missing something.

These are class B properties (from my weak understanding).

#1: 3/2ba in need of some paint, flooring, aesthetics.

[quote]

CASHFLOW ANALYZER
Rent per unit $ 950.00   Sales price $ 95,000.00  
# of units 1   less    
Annualized rental income $ 11,400.00   Down $ 19,000.00 20%
less percentage   Repairs $ 5,000.00  
Vacancy $ 570.00 5%   Total Investment $ 24,000.00  
RE Taxes $ 1,200.00   Loan $ 76,000.00  
Insurance $ 720.00 $ 60.00   Terms    
Management $ 1,140.00 10%   4.00% Interest  
Maintenance $ 570.00 5%   30 Amortization  
Utilities/HOA $ -   DEBT SERVICE    
Reserves $ 570.00 5%   Payment $362.84 per month
Operating Expenses $ 4,770.00 44%     $4,354.03 per year
Net Operating Income $ 6,630.00        
less Annual Debt Service $4,354.03 DSCR 1.523      
Cashflow $ 2,275.97 Cap rate 6.6% Monthly cashflow $ 189.66  
CCR (%) 9.48%        

[/quote]

Scenario #2: New roof, decent zestimate<-> purchase price (I know I don't hold much faith in Zestimates)

[quote]

CASHFLOW ANALYZER Zillow's Estimate $ 152,000.00
Rent per unit $ 1,200.00   Sales price $ 125,000.00  
# of units 1   less    
Annualized rental income $ 14,400.00   Down $ 25,000.00 20%
less percentage   Repairs $ 5,000.00  
Vacancy $ 720.00 5%   Total Investment $ 30,000.00  
RE Taxes $ 1,600.00   Loan $ 100,000.00  
Insurance $ 720.00 $ 60.00   Terms    
Management $ 1,440.00 10%   4.00% Interest  
Maintenance $ 720.00 5%   30 Amortization  
Utilities/HOA $ -   DEBT SERVICE    
Reserves $ 720.00 5%   Payment $477.42 per month
Operating Expenses $ 5,920.00 43%     $5,728.98 per year
Net Operating Income $ 8,480.00        
less Annual Debt Service $5,728.98 DSCR 1.48      
Cashflow $ 2,751.02 Cap rate 6.5% Monthly cashflow $ 229.25  
CCR (%) 9.17%        

[/quote]

Scenario #3: Lower purchase price for a 3/2.  2story ugly green house.

[quote]

CASHFLOW ANALYZER Zillow's Estimate $ 120,822.00
Rent per unit $ 1,100.00   Sales price $ 96,000.00  
# of units 1   less    
Annualized rental income $ 13,200.00   Down $ 19,200.00 20%
less percentage   Repairs $ 2,500.00  
Vacancy $ 660.00 5%   Total Investment $ 21,700.00  
RE Taxes $ 1,576.00   Loan $ 76,800.00  
Insurance $ 720.00 $ 60.00   Terms    
Management $ 1,320.00 10%   4.00% Interest  
Maintenance $ 660.00 5%   30 Amortization  
Utilities/HOA $ -   DEBT SERVICE    
Reserves $ 660.00 5%   Payment $366.65 per month
Operating Expenses $ 5,596.00 45%     $4,399.86 per year
Net Operating Income $ 7,604.00        
less Annual Debt Service $4,399.86 DSCR 1.728      
Cashflow $ 3,204.14 Cap rate 7.7% Monthly cashflow $ 267.01  
CCR (%) 14.77%        

[/quote]

Hopefully the formatting comes out correctly!  If not I will reply and try and post images.

@Kyle D.  Can you print screen these and then save them as a image and post?

#1

#2:

#3:

looks okay from bird's eye view. Don't know where/why you are renting 3/2 so cheap at $950 even $1100.

Hi Doug! Glad to see a fellow Tampa member.

I am trying to be very conservative on my estimates.   What I was really after is am I missing any line item that could swing the cashflow the other way (aside from a sinkhole or something crazy unplanned).

Can you message me? I am actively looking for properties to start a SFR real estate empire and perhaps you could keep me in mind if you had some cashflow property opportunities in the area. Specifically where you serve! I would love to talk to you more.

looks good. 

I normally run my numbers with a 12% property management, if I need to have them place a tenant and the monthly fee, and 8% vacancy which is one months rent per year.

You make a good point Aaron. Should not have vacancies plus placement but always err on the side of caution.

OK, one more, an apartment in Gainesville (1985).  This one seems really good for the level of cash I need to put up.  Am I missing anything?  

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