Las Vegas Deal Analysis
Let's look at deal analysis for Las Vegas, NV 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 Las Vegas, Nevada Nomad™ Property with 10% Higher Rents
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Typical Las Vegas, Nevada Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$398,606
|
|
Purchase Price
|
|
$398,606
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$19,930
|
|
Closing Costs
|
1.000%
|
$3,986
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$60,911
|
|
Total Invested
|
|
$84,827
|
|
Mortgage
|
|
Mortgage Amount
|
|
$378,675.70
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$268.23
|
|
Drop PMI LTV
|
80.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,362
$2361.98
|
|
Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$850
|
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Property Taxes
|
0.692%
|
$2,758
|
|
Property Insurance
|
0.287%
|
$1,144
|
|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
|
|
Other Expenses 2
|
|
$0
|
|
Maintenance
|
10.000%
|
|
|
CapEx
|
|
$0
|
|
Management
|
0.000%
|
|
|
Depreciation Details
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|
Land Value
|
15.000%
|
$59,791
|
|
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 |
$410,564 |
$422,881 |
$435,568 |
$448,635 |
$462,094 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$11,958 |
$12,317 |
$12,686 |
$13,067 |
$13,459 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,362 |
$2,433 |
$2,506 |
$2,581 |
$2,658 |
| 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 |
$2,362 |
$2,433 |
$2,506 |
$2,581 |
$2,658 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$71 |
$73 |
$75 |
$77 |
$80 |
| Monthly Gross Operating Income |
$2,291 |
$2,360 |
$2,431 |
$2,504 |
$2,579 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$28,344 |
$29,194 |
$30,070 |
$30,972 |
$31,901 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$28,344 |
$29,194 |
$30,070 |
$30,972 |
$31,901 |
| Annual Vacancy Dollar |
$850 |
$876 |
$902 |
$929 |
$957 |
| Annual Gross Operating Income |
$27,493 |
$28,318 |
$29,168 |
$30,043 |
$30,944 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.692% |
0.692% |
0.692% |
0.692% |
0.692% |
| Property Taxes Dollar |
$2,758 |
$2,841 |
$2,926 |
$3,014 |
$3,105 |
| Insurance Percent |
0.287% |
0.287% |
0.287% |
0.287% |
0.287% |
| Insurance Dollar |
$1,144 |
$1,178 |
$1,214 |
$1,250 |
$1,288 |
| 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 |
$2,749 |
$2,832 |
$2,917 |
$3,004 |
$3,094 |
| 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 |
$6,652 |
$6,851 |
$7,057 |
$7,268 |
$7,487 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$20,842 |
$21,467 |
$22,111 |
$22,774 |
$23,458 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$28,722 |
$28,722 |
$28,722 |
$28,722 |
$28,722 |
| Principal |
$4,233 |
$4,516 |
$4,818 |
$5,141 |
$5,486 |
| Interest |
$24,489 |
$24,206 |
$23,903 |
$23,581 |
$23,236 |
| Loan Balance at End of Year |
$374,443 |
$369,927 |
$365,109 |
$359,967 |
$354,482 |
| 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 |
$3,219 |
$3,219 |
$3,219 |
$3,219 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$36,121 |
$52,954 |
$70,459 |
$88,667 |
$107,612 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$11,099 |
-$10,474 |
-$9,830 |
-$9,166 |
-$5,264 |
| Monhtly Cash Flow |
-$925 |
-$873 |
-$819 |
-$764 |
-$439 |
| Cash on Cash Return on Investment |
-0.131% |
-0.123% |
-0.116% |
-0.108% |
-0.062% |
| 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 |