Short term + long term rental

Chandler, AZ 85225
2 bdrm/ 2 bath Main house + 1 bdrm/ 1 bath Guest
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General Information
Square Feet1,480
Initial Market Value$650,000
Purchase Price$650,000
Downpayment$195,000
Loan Origination Fees$9,100
Depreciable Closing Costs$19,500
Other Closing Costs and Fixup$0
Initial Cash Invested$223,600
Cost per Square Foot$439
Monthly Rent per Square Foot$2.84
IncomeMonthlyAnnual
Gross Rent$4,200$50,400
Vacancy Losses$0$0
Operating Income$4,200$50,400
ExpensesMonthlyAnnual
Property Taxes($108)($1,300)
Insurance($27)($325)
Management Fees($336)($4,032)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($210)($2,520)
Other$0$0
Operating Expenses($681)($8,177)
Net PerformanceMonthlyAnnual
Net Operating Income$3,519$42,223
- Mortgage Payments($2,512)($30,144)
= Cash Flow$1,007$12,079
+ Principal Reduction$0$0
+ First-Year Appreciation$3,250$39,000
= Gross Equity Income$4,257$51,079
+ Tax Savings$215$2,586
= GEI w/Tax Savings$4,472$53,665
Mortgage InfoFirstSecond
Loan-to-Value Ratio70%0%
Loan Amount$455,000$0
Monthly Payment$2,511.98$0.00
Loan TypeInterest Only Fixed
Term10 Years
Interest Rate6.625%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.40
Annual Gross Rent Multiplier13
Monthly Gross Rent Multiplier155
Capitalization Rate6.5%
Cash on Cash Return5%
Total Return on Investment23%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate0%
Management Fee8%
Maintenance Percentage5%
Comments
Long term rental is occupied at $1200/month

Price is negotiable and furniture is also negotiable in the offer. Asking $679k
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.