Occupied duplex
Phoenix, AZ 85020
3 bdrm/ 2 bath + 2 bdrm/ 1 bath - Built 1983
| General Information | |
|---|---|
| Square Feet | 2,391 |
| Purchase Price | $440,000 |
| Initial Market Value | $440,000 |
| Downpayment | $132,000 |
| Closing Costs | $33,728 |
| Initial Cash Invested | $165,728 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $3,045 | $36,540 |
| Vacancy Losses | $244 | $2,923 |
| Operating Income | $2,801 | $33,617 |
| Operating Expenses | $670 | $8,036 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 5.8% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 19% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $2,132 | $25,580 |
| - Mortgage Payments | $1,700 | $20,405 |
| = Cash Flow | $431 | $5,175 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $2,200 | $26,400 |
| = Gross Equity Income | $2,631 | $31,575 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Comments |
|---|
| Est. Rent: 2 bdrm/ 1 bath @ $1200/month Main house 3 bdrm/ 2 bath @ $1845/month Pro forma reflects interest only financing +3.2pts to buy down rate. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.