17 Units - 100% Occupied
Phoenix, 85032
Built 1983
| General Information | |
|---|---|
| Square Feet | 14,212 |
| Purchase Price | $2,500,000 |
| Initial Market Value | $2,500,000 |
| Downpayment | $625,000 |
| Closing Costs | $93,750 |
| Initial Cash Invested | $718,750 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $25,700 | $308,400 |
| Vacancy Losses | $2,056 | $24,672 |
| Operating Income | $23,644 | $283,728 |
| Operating Expenses | $8,876 | $106,514 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 7.1% |
| Cash on Cash Return | 5% |
| Total Return on Investment | 29% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $14,768 | $177,214 |
| - Mortgage Payments | $11,851 | $142,215 |
| = Cash Flow | $2,917 | $34,999 |
| + Principal Reduction | $1,746 | $20,957 |
| + First-Year Appreciation | $12,500 | $150,000 |
| = Gross Equity Income | $17,163 | $205,956 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 8% |
| Management Fee | 3% |
| Comments |
|---|
| The property is 100% occupied and all units were remodeled. (5) 2 bedroom/1 bath (1) 3 bed/1 bath (11) 3 bed/ 2 bath All are equipped with their own washer/dryer. HOA includes Sewer, Trash and Exterior maintenance,& roof. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.