Property Information
Occupied 4 plex - Asking $1.275M
Phoenix, AZ 85008
2 bdm/1 bath each side - Built 1963
| General Information | |
|---|---|
| Square Feet | 3,120 |
| Purchase Price | $1,200,000 |
| Initial Market Value | $1,200,000 |
| Downpayment | $360,000 |
| Closing Costs | $79,680 |
| Initial Cash Invested | $439,680 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $7,600 | $91,200 |
| Vacancy Losses | $608 | $7,296 |
| Operating Income | $6,992 | $83,904 |
| Operating Expenses | $1,811 | $21,736 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 5.2% |
| Cash on Cash Return | 1% |
| Total Return on Investment | 18% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $5,181 | $62,168 |
| - Mortgage Payments | $4,725 | $56,700 |
| = Cash Flow | $456 | $5,468 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $6,000 | $72,000 |
| = Gross Equity Income | $6,456 | $77,468 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 8% |
| Comments |
|---|
| Full-size stackable washer/ dryer & private patio. Newer roofs, dual-pane windows, smooth stucco, updated electrical and plumbing & owned solar panels! Owner pays water, trash, sewer approx $6k/yr Pro forma reflects interest only financing + 3.2pts |
*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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