13 Unit Occupied *Asking $3.4M

Phoenix, AZ 85013
Built 1959
Property photo 0.
General Information
Square Feet1,050
Initial Market Value$3,250,000
Purchase Price$3,250,000
Downpayment$3,250,000
Loan Origination Fees$0
Depreciable Closing Costs$97,500
Other Closing Costs and Fixup$0
Initial Cash Invested$3,347,500
Cost per Square Foot$3,095
Monthly Rent per Square Foot$18.43
IncomeMonthlyAnnual
Gross Rent$19,356$232,272
Vacancy Losses($1,548)($18,582)
Operating Income$17,808$213,690
ExpensesMonthlyAnnual
Property Taxes($677)($8,125)
Insurance($271)($3,250)
Management Fees($1,425)($17,095)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($1,548)($18,582)
Other$0$0
Operating Expenses($3,921)($47,052)
Net PerformanceMonthlyAnnual
Net Operating Income$13,887$166,638
- Mortgage Payments$0$0
= Cash Flow$13,887$166,638
+ Principal Reduction$0$0
+ First-Year Appreciation$16,250$195,000
= Gross Equity Income$30,137$361,638
+ Tax Savings$0$0
= GEI w/Tax Savings$30,137$361,638
Mortgage InfoFirstSecond
Loan-to-Value Ratio0%0%
Loan Amount$0$0
Monthly Payment$0.00$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate0.000%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage RatioN/A
Annual Gross Rent Multiplier14
Monthly Gross Rent Multiplier168
Capitalization Rate5.1%
Cash on Cash Return5%
Total Return on Investment11%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate8%
Management Fee8%
Maintenance Percentage8%
Comments
10 two-bedroom, 2 studios and 1 one-bedroom. All 13 units have been renovated with interior upgrades including new appliances, countertops, cabinets, flooring, fixtures, hardware and individual washer/dryers.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.