Las Cruces Deal Analysis
Let's look at deal analysis for Las Cruces, NM 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 Cruces, New Mexico Nomad™ Property with 10% Higher Rents
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Typical Las Cruces, New Mexico 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
|
|
$221,565
|
|
Purchase Price
|
|
$221,565
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$11,078
|
|
Closing Costs
|
1.000%
|
$2,216
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$0
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|
Total Invested
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$13,294
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Mortgage
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|
Mortgage Amount
|
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$210,486.75
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Mortgage Interest Rate
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6.500%
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|
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Loan Term
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|
360
|
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Private Mortgage Insurance
|
0.850%
|
$149.09
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Drop PMI LTV
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80.000%
|
|
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Income
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Monthly Rent
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|
$2,079
$2079.00
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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%
|
$748
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Property Taxes
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0.861%
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$1,908
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Property Insurance
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0.748%
|
$1,657
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|
HOA Dues
|
|
$0
|
|
Utilities
|
|
$0
|
|
Other Expenses 1
|
|
$0
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|
Other Expenses 2
|
|
$0
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Maintenance
|
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
|
15.000%
|
$33,235
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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 |
$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 |
$2,079 |
$2,141 |
$2,206 |
$2,272 |
$2,340 |
| 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 |
$2,079 |
$2,141 |
$2,206 |
$2,272 |
$2,340 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$62 |
$64 |
$66 |
$68 |
$70 |
| Monthly Gross Operating Income |
$2,017 |
$2,077 |
$2,139 |
$2,204 |
$2,270 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$24,948 |
$25,696 |
$26,467 |
$27,261 |
$28,079 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$24,948 |
$25,696 |
$26,467 |
$27,261 |
$28,079 |
| Annual Vacancy Dollar |
$748 |
$771 |
$794 |
$818 |
$842 |
| Annual Gross Operating Income |
$24,200 |
$24,926 |
$25,673 |
$26,444 |
$27,237 |
| 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 |
$2,420 |
$2,493 |
$2,567 |
$2,644 |
$2,724 |
| 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 |
$5,985 |
$6,164 |
$6,349 |
$6,540 |
$6,736 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,215 |
$18,761 |
$19,324 |
$19,904 |
$20,501 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$15,965 |
$15,965 |
$15,965 |
$15,965 |
$15,965 |
| Principal |
$2,353 |
$2,510 |
$2,678 |
$2,858 |
$3,049 |
| Interest |
$13,612 |
$13,455 |
$13,287 |
$13,107 |
$12,916 |
| Loan Balance at End of Year |
$208,134 |
$205,624 |
$202,945 |
$200,088 |
$197,039 |
| 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 |
$1,789 |
$1,789 |
$1,789 |
$1,789 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$20,078 |
$29,434 |
$39,165 |
$49,286 |
$59,816 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
$460 |
$1,007 |
$1,570 |
$2,149 |
$4,536 |
| Monhtly Cash Flow |
$38 |
$84 |
$131 |
$179 |
$378 |
| Cash on Cash Return on Investment |
0.035% |
0.076% |
0.118% |
0.162% |
0.341% |
| 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 |