Short term + long term rental

Chandler, AZ 85225
2 bdrm/ 2 bath Main house + 1 bdrm/ 1 bath Guest
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General Information
Square Feet1,480
Initial Market Value$650,000
Purchase Price$650,000
Downpayment$162,500
Loan Origination Fees$4,875
Depreciable Closing Costs$19,500
Other Closing Costs and Fixup$0
Initial Cash Invested$186,875
Cost per Square Foot$439
Monthly Rent per Square Foot$2.84
IncomeMonthlyAnnual
Gross Rent$4,200$50,400
Vacancy Losses$0$0
Operating Income$4,200$50,400
ExpensesMonthlyAnnual
Property Taxes($108)($1,300)
Insurance($27)($325)
Management Fees($336)($4,032)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($210)($2,520)
Other$0$0
Operating Expenses($681)($8,177)
Net PerformanceMonthlyAnnual
Net Operating Income$3,519$42,223
- Mortgage Payments($3,081)($36,976)
= Cash Flow$437$5,247
+ Principal Reduction$454$5,449
+ First-Year Appreciation$3,250$39,000
= Gross Equity Income$4,141$49,696
+ Tax Savings$255$3,060
= GEI w/Tax Savings$4,396$52,756
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$487,500$0
Monthly Payment$3,081.33$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.14
Annual Gross Rent Multiplier13
Monthly Gross Rent Multiplier155
Capitalization Rate6.5%
Cash on Cash Return3%
Total Return on Investment27%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate0%
Management Fee8%
Maintenance Percentage5%
Comments
Long term rental is occupied at $1200/month

Price is negotiable and furniture is also negotiable in the offer. Asking $679k
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.