Property Information
Occupied duplex
Phoenix, AZ 85020
3 bdrm/ 2 bath + 2 bdrm/ 1 bath - Built 1983
| General Information | |
|---|---|
| Square Feet | 2,391 |
| Initial Market Value | $440,000 |
| Purchase Price | $440,000 |
| Downpayment | $132,000 |
| Loan Origination Fees | $6,160 |
| Depreciable Closing Costs | $17,600 |
| Other Closing Costs and Fixup | $9,968 |
| Initial Cash Invested | $165,728 |
| Cost per Square Foot | $184 |
| Monthly Rent per Square Foot | $1.27 |
| Income | Monthly | Annual |
|---|---|---|
| Gross Rent | $3,045 | $36,540 |
| Vacancy Losses | ($244) | ($2,923) |
| Operating Income | $2,801 | $33,617 |
| Expenses | Monthly | Annual |
|---|---|---|
| Property Taxes | ($183) | ($2,200) |
| Insurance | ($110) | ($1,320) |
| Management Fees | ($224) | ($2,689) |
| Leasing/Advertising Fees | $0 | $0 |
| Association Fees | $0 | $0 |
| Maintenance | ($152) | ($1,827) |
| Other | $0 | $0 |
| Operating Expenses | ($670) | ($8,036) |
| 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 |
| + Tax Savings | $236 | $2,835 |
| = GEI w/Tax Savings | $2,868 | $34,410 |
| Mortgage Info | First | Second |
|---|---|---|
| Loan-to-Value Ratio | 70% | 0% |
| Loan Amount | $308,000 | $0 |
| Monthly Payment | $1,700.42 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.625% | 0.000% |
| Monthly PMI | $0 |
| Financial Indicators | |
|---|---|
| Debt Coverage Ratio | 1.25 |
| Annual Gross Rent Multiplier | 12 |
| Monthly Gross Rent Multiplier | 144 |
| Capitalization Rate | 5.8% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 19% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. | |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Maintenance Percentage | 5% |
| Comments |
|---|
| *Confirming rents with listing agent. Est. Rent: 2 bdrm/ 1 bath @ $1200/month Main house 3 bdrm/ 2 bath @ $1845/month Pro forma reflects interest only financing + 3.2 pts. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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