Reno Deal Analysis
Let's look at deal analysis for Reno, 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 Reno, Nevada Rental Property
|
Typical 20% Down Payment Reno, Nevada Rental Property
|
|
Purchase Inputs
|
|
|
Percents
|
Dollars/#
|
|
ARV
|
|
$527,548
|
|
Purchase Price
|
|
$527,548
|
|
Seller Concessions
|
—
|
$0
|
|
Down Payment
|
20.000%
|
$105,510
|
|
Closing Costs
|
1.000%
|
$5,275
|
|
Rent Ready Costs
|
|
$0
|
|
Cumulative Negative Cash Flow
|
|
$57,543
|
|
Total Invested
|
|
$168,328
|
|
Mortgage
|
|
Mortgage Amount
|
|
$422,038.40
|
|
Mortgage Interest Rate
|
7.000%
|
|
|
Loan Term
|
|
360
|
|
Private Mortgage Insurance
|
0%
|
$0
|
|
Drop PMI LTV
|
0.000%
|
|
|
Income
|
|
Monthly Rent
|
|
$2,780
$2780.40
|
|
Other Income
|
|
$0
|
|
Annual Expenses
|
|
Vacancy Rate
|
3.000%
|
$1,001
|
|
Property Taxes
|
0.612%
|
$3,229
|
|
Property Insurance
|
0.287%
|
$1,514
|
|
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%
|
$79,132
|
|
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 |
$543,374 |
$559,676 |
$576,466 |
$593,760 |
$611,573 |
| Appreciation Rate |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Appreciation Dollar |
$15,826 |
$16,301 |
$16,790 |
$17,294 |
$17,813 |
| Monthly Income |
1 |
2 |
3 |
4 |
5 |
| Rent Appreciation Rate |
|
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Rent |
$2,780 |
$2,864 |
$2,950 |
$3,038 |
$3,129 |
| 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 |
$2,780 |
$2,864 |
$2,950 |
$3,038 |
$3,129 |
| Vacancy Percent |
3.000% |
3.000% |
3.000% |
3.000% |
3.000% |
| Monthly Vacancy Dollar |
$83 |
$86 |
$88 |
$91 |
$94 |
| Monthly Gross Operating Income |
$2,697 |
$2,778 |
$2,861 |
$2,947 |
$3,035 |
| Annual Income |
1 |
2 |
3 |
4 |
5 |
| Annual Rent |
$33,365 |
$34,366 |
$35,397 |
$36,459 |
$37,552 |
| Annual Other Income |
$0 |
$0 |
$0 |
$0 |
$0 |
| Annual Gross Potential Income |
$33,365 |
$34,366 |
$35,397 |
$36,459 |
$37,552 |
| Annual Vacancy Dollar |
$1,001 |
$1,031 |
$1,062 |
$1,094 |
$1,127 |
| Annual Gross Operating Income |
$32,364 |
$33,335 |
$34,335 |
$35,365 |
$36,426 |
| Annual Expenses |
1 |
2 |
3 |
4 |
5 |
| Property Taxes Percent |
0.612% |
0.612% |
0.612% |
0.612% |
0.612% |
| Property Taxes Dollar |
$3,229 |
$3,325 |
$3,425 |
$3,528 |
$3,634 |
| Insurance Percent |
0.287% |
0.287% |
0.287% |
0.287% |
0.287% |
| Insurance Dollar |
$1,514 |
$1,559 |
$1,606 |
$1,654 |
$1,704 |
| 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 |
$3,236 |
$3,333 |
$3,433 |
$3,536 |
$3,643 |
| 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 |
$7,979 |
$8,218 |
$8,465 |
$8,719 |
$8,980 |
| Net Operating Income |
1 |
2 |
3 |
4 |
5 |
| Net Operating Income (NOI) |
$24,385 |
$25,116 |
$25,870 |
$26,646 |
$27,445 |
| Mortgage |
1 |
2 |
3 |
4 |
5 |
| Total Annual P&I Payments |
$33,694 |
$33,694 |
$33,694 |
$33,694 |
$33,694 |
| Principal |
$4,287 |
$4,597 |
$4,929 |
$5,286 |
$5,668 |
| Interest |
$29,407 |
$29,097 |
$28,765 |
$28,408 |
$28,026 |
| Loan Balance at End of Year |
$417,751 |
$413,154 |
$408,225 |
$402,939 |
$397,272 |
| 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 |
$125,623 |
$146,521 |
$168,241 |
$190,821 |
$214,301 |
| Cash Flow |
1 |
2 |
3 |
4 |
5 |
| Annual Cash Flow |
-$9,309 |
-$8,578 |
-$7,824 |
-$7,048 |
-$6,249 |
| Monhtly Cash Flow |
-$776 |
-$715 |
-$652 |
-$587 |
-$521 |
| Cash on Cash Return on Investment |
-0.055% |
-0.051% |
-0.046% |
-0.042% |
-0.037% |
| 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 |