Property Information
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 |
| 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 |
| Income | Monthly | Annual |
|---|---|---|
| Gross Rent | $12,000 | $144,000 |
| Vacancy Losses | $0 | $0 |
| Operating Income | $12,000 | $144,000 |
| Expenses | Monthly | Annual |
|---|---|---|
| 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 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 |
| + Tax Savings | $972 | $11,666 |
| = GEI w/Tax Savings | $11,498 | $137,977 |
| Mortgage Info | First | Second |
|---|---|---|
| Loan-to-Value Ratio | 75% | 0% |
| Loan Amount | $1,333,333 | $0 |
| Monthly Payment | $7,222.22 | $0.00 |
| Loan Type | Interest Only Fixed | |
| Term | 10 Years | |
| Interest Rate | 6.500% | 0.000% |
| Monthly PMI | $0 |
| Financial Indicators | |
|---|---|
| Debt Coverage Ratio | 1.23 |
| Annual Gross Rent Multiplier | 12 |
| Monthly Gross Rent Multiplier | 148 |
| Capitalization Rate | 6.0% |
| Cash on Cash Return | 4% |
| Total Return on Investment | 24% |
| + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. | |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 0% |
| Management Fee | 15% |
| Maintenance Percentage | 5% |
| 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.
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