Short-term rental - Up to 3 units to rent

Phoenix, 85021
No HOA! Upgrade short-term or long term rental
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General Information
Square Feet3,556
Initial Market Value$1,777,777
Purchase Price$1,777,777
Downpayment$444,444
Loan Origination Fees$26,667
Depreciable Closing Costs$53,333
Other Closing Costs and Fixup$0
Initial Cash Invested$524,444
Cost per Square Foot$500
Monthly Rent per Square Foot$3.37
IncomeMonthlyAnnual
Gross Rent$12,000$144,000
Vacancy Losses$0$0
Operating Income$12,000$144,000
ExpensesMonthlyAnnual
Property Taxes($444)($5,333)
Insurance($296)($3,556)
Management Fees($1,800)($21,600)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($600)($7,200)
Other$0$0
Operating Expenses($3,141)($37,689)
Net PerformanceMonthlyAnnual
Net Operating Income$8,859$106,311
- Mortgage Payments($7,222)($86,667)
= Cash Flow$1,637$19,644
+ Principal Reduction$0$0
+ First-Year Appreciation$8,889$106,667
= Gross Equity Income$10,526$126,311
+ Tax Savings$972$11,666
= GEI w/Tax Savings$11,498$137,977
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$1,333,333$0
Monthly Payment$7,222.22$0.00
Loan TypeInterest Only Fixed
Term10 Years
Interest Rate6.500%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.23
Annual Gross Rent Multiplier12
Monthly Gross Rent Multiplier148
Capitalization Rate6.0%
Cash on Cash Return4%
Total Return on Investment24%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate6%
Vacancy Rate0%
Management Fee15%
Maintenance Percentage5%
Comments
(1) 277 sq ft casita w/ bathroom
(1) 405 sq ft recreation or pool room (pool rental)
(1) Main house is 5 bdrm/ 3 baths
New windows, newer water heater, & newer AC.

Short term rental average $500-$800/night.
Long term rent $8750
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.