Short-term rental - Up to 3 units to rent
Phoenix, 85021
No HOA! Upgrade short-term or long term rental
| General Information | |
|---|---|
| Square Feet | 3,556 |
| Purchase Price | $1,777,777 |
| Initial Market Value | $1,777,777 |
| Downpayment | $444,444 |
| Closing Costs | $80,000 |
| Initial Cash Invested | $524,444 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $12,000 | $144,000 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $12,000 | $144,000 |
| Operating Expenses | $3,141 | $37,689 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 6.0% |
| Cash on Cash Return | 4% |
| Total Return on Investment | 24% |
| Net Performance | Monthly | Annual |
|---|---|---|
| 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 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 0% |
| Management Fee | 15% |
| 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.