Henderson Deal Analysis
Let's look at deal analysis for Henderson, 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 Henderson, Nevada Nomad™ Property with 10% Higher Rents
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Typical Henderson, Nevada Nomad™ Property with 10% Higher Rents
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Purchase Inputs
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|
|
Percents
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Dollars/#
|
|
ARV
|
|
$458,847
|
|
Purchase Price
|
|
$458,847
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
5.000%
|
$22,942
|
|
Closing Costs
|
1.000%
|
$4,588
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$67,996
|
|
Total Invested
|
|
$95,527
|
|
Mortgage
|
|
Mortgage Amount
|
|
$435,904.65
|
|
Mortgage Interest Rate
|
6.500%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0.850%
|
$308.77
|
|
Drop PMI LTV
|
80.000%
|
|
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Income
|
|
Monthly Rent
|
|
$2,714
$2714.25
|
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Other Income
|
|
$0
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|
Annual Expenses
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|
Vacancy Rate
|
3.000%
|
$977
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Property Taxes
|
0.645%
|
$2,960
|
|
Property Insurance
|
0.287%
|
$1,317
|
|
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%
|
$68,827
|
|
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 |
$472,612 |
$486,791 |
$501,395 |
$516,436 |
$531,929 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$13,765 |
$14,178 |
$14,604 |
$15,042 |
$15,493 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,714 |
$2,796 |
$2,880 |
$2,966 |
$3,055 |
| 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 |
$2,714 |
$2,796 |
$2,880 |
$2,966 |
$3,055 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$81 |
$84 |
$86 |
$89 |
$92 |
| Monthly Gross Operating Income |
$2,633 |
$2,712 |
$2,793 |
$2,877 |
$2,963 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$32,571 |
$33,548 |
$34,555 |
$35,591 |
$36,659 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$32,571 |
$33,548 |
$34,555 |
$35,591 |
$36,659 |
| Annual Vacancy Dollar |
$977 |
$1,006 |
$1,037 |
$1,068 |
$1,100 |
| Annual Gross Operating Income |
$31,594 |
$32,542 |
$33,518 |
$34,523 |
$35,559 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.645% |
0.645% |
0.645% |
0.645% |
0.645% |
| Property Taxes Dollar |
$2,960 |
$3,048 |
$3,140 |
$3,234 |
$3,331 |
| Insurance Percent |
0.287% |
0.287% |
0.287% |
0.287% |
0.287% |
| Insurance Dollar |
$1,317 |
$1,356 |
$1,397 |
$1,439 |
$1,482 |
| 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 |
$3,159 |
$3,254 |
$3,352 |
$3,452 |
$3,556 |
| 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 |
$7,436 |
$7,659 |
$7,889 |
$8,125 |
$8,369 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,158 |
$24,883 |
$25,629 |
$26,398 |
$27,190 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$33,063 |
$33,063 |
$33,063 |
$33,063 |
$33,063 |
| Principal |
$4,872 |
$5,198 |
$5,547 |
$5,918 |
$6,314 |
| Interest |
$28,190 |
$27,864 |
$27,516 |
$27,144 |
$26,748 |
| Loan Balance at End of Year |
$431,032 |
$425,834 |
$420,287 |
$414,369 |
$408,055 |
| 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 |
$3,705 |
$3,705 |
$3,705 |
$3,705 |
$0 |
| Equity |
1 |
2 |
3 |
4 |
5 |
| ARV - Loan Balance at End of Year |
$41,580 |
$60,957 |
$81,107 |
$102,067 |
$123,875 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$12,610 |
-$11,885 |
-$11,138 |
-$10,370 |
-$5,872 |
| Monhtly Cash Flow |
-$1,051 |
-$990 |
-$928 |
-$864 |
-$489 |
| Cash on Cash Return on Investment |
-0.132% |
-0.124% |
-0.117% |
-0.109% |
-0.061% |
| 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 |