Condo LV 2+2: 5655 E Sahara Ave, Las Vegas NV 89142

5655 E Sahara Ave, Las Vegas, NV 89142

Condominium: 2 bedrooms , 2 bathrooms

Year built: 2001, Size: 1080 SF

Investment strategy: Rental Property

Purchase Price$ 46,000

Rent$ 650/mo

Monthly Cash Flow$ 342

Cash on Cash Return40.25 %

Financial Analysis

Cash on Cash Return	40.25 %
Internal Rate of Return (IRR)	36.62 %
Capitalization Rate	15.26 %
Gross Rent Multiplier (GRM)	5.90
Debt-coverage Ratio (DCR)	2.41
Operating Expense Ratio (OER)	0.00 %

Financial Breakdown

Purchase Price	$ 46,000
Purchase Costs	$ 1,000
Repair/Construction Costs	$ 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 47,000
Financing	$ 36,800
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 10,200
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 9,200
Cash During Rehab Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction. Cash During Rehab Shows the cash amount remaining to fund the purchase and rehab/construction.	$ 1,000

Operating Analysis

Rent	$ 650/mo
Gross Operating Income (GOI)	$ 7,020
Total Expenses	$ 0
Net Operating Income (NOI)	$ 7,020
Annual Debt Service	$ 2,914
Cash Flow Before Taxes (CFBT)	$ 4,106
Income Tax Liability	$ 740
Cash Flow After Taxes (CFAT)	$ 3,366

Great condo in a quite area next to a golf course.

Purchase Price	$ 46,000
Address	5655 E Sahara Ave , Las Vegas, 89142, NV
Year Built	2001
Type	Condominium
Size	1080 SF
Bedrooms	2
Bathrooms	2

Annual Property Operating Data

Incomes		% of GOI
Gross Scheduled Income Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents. Gross Scheduled Income (GSI) Represents the total of monthly rents for the particular property, including the potential rents from vacant units and uncollectable rents.	$ 7,800
Total Gross Income	$ 7,800
Vacancy loss Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants. Vacancy and Credit Loss Part of the potential rental income that is lost because of unoccupied units or uncollectable rent from tenants.	$ 780
Gross Operating Income Gross Operating Income (GOI) An actual income which is expected to be collected in the property. Gross Operating Income (GOI) An actual income which is expected to be collected in the property.	$ 7,020	100.00 %
Expenses Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation). Operating Expenses Expenses necessary for maintaining the property and ensuring its continued ability to produce income (doesn't include mortgage payments or depreciation).
Total Expenses	$ 0	0.00 %
Net Operating Income Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses. Net Operating Income (NOI) Important measurement calculated as gross operating income minus operating expenses.	$ 7,020	100.00 %

Cash Flow (Year 1)

Net Operating Income	$ 7,020	100.00 %
Annual Debt Service	$ 2,914	41.52 %
Cash Flow Before Taxes (CFBT) Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash for a certain property (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 4,106	58.48 %
Income Tax Liability	$ 740	10.54 %
Cash Flow After Taxes (CFAT) Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property. Cash Flow All the inflows and outflows of cash (including mortgage payments). We can calculate cash flow before taxes (CFBT) or cash flow after taxes (CFAT) which is CFBT minus any tax liability arising from the operation of the property.	$ 3,366	47.94 %

Operating Ratios

Operating Expense Ratio Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI). Operating Expense Ratio Ratio of the operating expenses to the gross operating income (GOI).	0.00 %
Break-Even Ratio Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less. Break-Even Ratio (BER) Another benchmark used by mortgage lenders, estimating how vulnerable is a certain property to defaulting on its mortgage if part of the rental income is declined. Most of the lenders are looking for BER of 85% or less.	41.52 %

Year	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
Operational Analysis
Gross Scheduled Income	0	7,800	7,956	8,115	8,277	8,443	8,612	8,784	8,960	9,139	9,322	9,508	9,698	9,892	10,090	10,292	10,498	10,708	10,922	11,140	11,363
Vacancy Loss	0	780	796	812	828	844	861	878	896	914	932	951	970	989	1,009	1,029	1,050	1,071	1,092	1,114	1,136
Gross Operating Income	0	7,020	7,160	7,304	7,450	7,599	7,751	7,906	8,064	8,225	8,390	8,557	8,728	8,903	9,081	9,263	9,448	9,637	9,830	10,026	10,227
Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Operating Income	0	7,020	7,160	7,304	7,450	7,599	7,751	7,906	8,064	8,225	8,390	8,557	8,728	8,903	9,081	9,263	9,448	9,637	9,830	10,026	10,227
Loan Payment	0	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914	2,914
Payment Interest Part	0	1,815	1,759	1,700	1,638	1,572	1,504	1,431	1,355	1,276	1,192	1,104	1,011	914	811	704	591	472	347	215	77
Payment Principal Part	0	1,099	1,156	1,215	1,277	1,342	1,411	1,483	1,559	1,639	1,722	1,811	1,903	2,001	2,103	2,211	2,324	2,443	2,568	2,699	2,837
Cash Flow
Repairs/Construction	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flow Before Taxes	-10,200	4,106	4,246	4,389	4,535	4,684	4,836	4,991	5,149	5,311	5,475	5,643	5,814	5,989	6,167	6,348	6,534	6,723	6,915	7,112	7,312
Depreciation	0	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505	1,505
Taxes	0	740	779	820	861	904	948	994	1,041	1,089	1,139	1,190	1,242	1,297	1,353	1,411	1,470	1,532	1,596	1,661	1,729
Cash Flow After Taxes	-10,200	3,366	3,467	3,569	3,674	3,780	3,888	3,997	4,109	4,222	4,337	4,453	4,572	4,692	4,814	4,938	5,063	5,191	5,320	5,451	5,584

Note: All amounts in the table above are in $

Property Report :

Condo LV 2+2

5655 E Sahara Ave, Las Vegas, NV 89142

Executive Summary

5655 E Sahara Ave, Las Vegas, NV 89142

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Long-term Cash Flow Forecast

Property Report: Condo LV 2+2 RENTAL

Property Report :

Condo LV 2+2

5655 E Sahara Ave, Las Vegas, NV 89142

Executive Summary

5655 E Sahara Ave, Las Vegas, NV 89142

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Rehab

Cash During Rehab

Operating Analysis

Property Description

Operating Analysis

Annual Property Operating Data

Gross Scheduled Income (GSI)

Gross Scheduled Income (GSI)

Vacancy and Credit Loss

Vacancy and Credit Loss

Gross Operating Income (GOI)

Gross Operating Income (GOI)

Operating Expenses

Operating Expenses

Net Operating Income (NOI)

Net Operating Income (NOI)

Cash Flow (Year 1)

Cash Flow

Cash Flow

Cash Flow

Cash Flow

Operating Ratios

Operating Expense Ratio

Operating Expense Ratio

Break-Even Ratio (BER)

Break-Even Ratio (BER)

Long-term Cash Flow Forecast