Las Cruces Deal Analysis
Let's look at deal analysis for Las Cruces, NM 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 Las Cruces, New Mexico Rental Property
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Typical 20% Down Payment Las Cruces, New Mexico Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$221,565
|
|
Purchase Price
|
|
$221,565
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$44,313
|
|
Closing Costs
|
1.000%
|
$2,216
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
|
|
Total Invested
|
|
$46,529
|
|
Mortgage
|
|
Mortgage Amount
|
|
$177,252
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$1,890
$1890.00
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$680
|
|
Property Taxes
|
0.861%
|
$1,908
|
|
Property Insurance
|
0.748%
|
$1,657
|
|
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%
|
$33,235
|
|
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 |
$228,212 |
$235,058 |
$242,110 |
$249,373 |
$256,855 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$6,647 |
$6,846 |
$7,052 |
$7,263 |
$7,481 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$1,890 |
$1,947 |
$2,005 |
$2,065 |
$2,127 |
| 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 |
$1,890 |
$1,947 |
$2,005 |
$2,065 |
$2,127 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$57 |
$58 |
$60 |
$62 |
$64 |
| Monthly Gross Operating Income |
$1,833 |
$1,888 |
$1,945 |
$2,003 |
$2,063 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$22,680 |
$23,360 |
$24,061 |
$24,783 |
$25,527 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$22,680 |
$23,360 |
$24,061 |
$24,783 |
$25,527 |
| Annual Vacancy Dollar |
$680 |
$701 |
$722 |
$743 |
$766 |
| Annual Gross Operating Income |
$22,000 |
$22,660 |
$23,339 |
$24,040 |
$24,761 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.861% |
0.861% |
0.861% |
0.861% |
0.861% |
| Property Taxes Dollar |
$1,908 |
$1,965 |
$2,024 |
$2,085 |
$2,147 |
| Insurance Percent |
0.748% |
0.748% |
0.748% |
0.748% |
0.748% |
| Insurance Dollar |
$1,657 |
$1,707 |
$1,758 |
$1,811 |
$1,865 |
| 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 |
$2,200 |
$2,266 |
$2,334 |
$2,404 |
$2,476 |
| 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 |
$5,765 |
$5,938 |
$6,116 |
$6,300 |
$6,488 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$16,235 |
$16,722 |
$17,223 |
$17,740 |
$18,272 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$14,151 |
$14,151 |
$14,151 |
$14,151 |
$14,151 |
| Principal |
$1,801 |
$1,931 |
$2,070 |
$2,220 |
$2,380 |
| Interest |
$12,351 |
$12,220 |
$12,081 |
$11,931 |
$11,771 |
| Loan Balance at End of Year |
$175,451 |
$173,521 |
$171,451 |
$169,231 |
$166,850 |
| 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 |
$52,760 |
$61,538 |
$70,660 |
$80,143 |
$90,004 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$2,084 |
$2,571 |
$3,072 |
$3,589 |
$4,121 |
| Monhtly Cash Flow |
$174 |
$214 |
$256 |
$299 |
$343 |
| Cash on Cash Return on Investment |
0.045% |
0.055% |
0.066% |
0.077% |
0.089% |
| 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 |