Las Vegas Deal Analysis
Let's look at deal analysis for Las Vegas, NV 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 Vegas, Nevada Rental Property
|
Typical 20% Down Payment Las Vegas, Nevada Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$398,606
|
|
Purchase Price
|
|
$398,606
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$79,721
|
|
Closing Costs
|
1.000%
|
$3,986
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$41,347
|
|
Total Invested
|
|
$125,054
|
|
Mortgage
|
|
Mortgage Amount
|
|
$318,884.80
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,147
$2147.25
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$773
|
|
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
|
|
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 |
$2,147 |
$2,212 |
$2,278 |
$2,346 |
$2,417 |
| 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 |
$2,147 |
$2,212 |
$2,278 |
$2,346 |
$2,417 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$64 |
$66 |
$68 |
$70 |
$73 |
| Monthly Gross Operating Income |
$2,083 |
$2,145 |
$2,210 |
$2,276 |
$2,344 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$25,767 |
$26,540 |
$27,336 |
$28,156 |
$29,001 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$25,767 |
$26,540 |
$27,336 |
$28,156 |
$29,001 |
| Annual Vacancy Dollar |
$773 |
$796 |
$820 |
$845 |
$870 |
| Annual Gross Operating Income |
$24,994 |
$25,744 |
$26,516 |
$27,312 |
$28,131 |
| 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 |
$2,499 |
$2,574 |
$2,652 |
$2,731 |
$2,813 |
| 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 |
$6,402 |
$6,594 |
$6,792 |
$6,995 |
$7,205 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$18,592 |
$19,150 |
$19,725 |
$20,316 |
$20,926 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$25,459 |
$25,459 |
$25,459 |
$25,459 |
$25,459 |
| Principal |
$3,239 |
$3,473 |
$3,725 |
$3,994 |
$4,283 |
| Interest |
$22,219 |
$21,985 |
$21,734 |
$21,465 |
$21,176 |
| Loan Balance at End of Year |
$315,646 |
$312,172 |
$308,448 |
$304,454 |
$300,171 |
| 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 |
$94,919 |
$110,709 |
$127,120 |
$144,181 |
$161,922 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$6,866 |
-$6,309 |
-$5,734 |
-$5,142 |
-$4,533 |
| Monhtly Cash Flow |
-$572 |
-$526 |
-$478 |
-$429 |
-$378 |
| Cash on Cash Return on Investment |
-0.055% |
-0.050% |
-0.046% |
-0.041% |
-0.036% |
| 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 |