Property Information
IN ESCROW
Client - 15 Unit SFH - New Construction
Phoenix, AZ 85018
3 bdrm/ 2.5 bath each unit - Only 3 units vacant
| General Information | |
|---|---|
| Square Feet | 27,375 |
| Purchase Price | $9,250,000 |
| Initial Market Value | $9,250,000 |
| Downpayment | $2,775,000 |
| Closing Costs | $407,000 |
| Initial Cash Invested | $3,182,000 |
| Income & Expenses | Monthly | Annual |
|---|---|---|
| Gross Rent | $51,850 | $622,200 |
| Vacancy Losses | $2,593 | $31,110 |
| Operating Income | $49,258 | $591,090 |
| Operating Expenses | $4,934 | $59,213 |
| Financial Indicators | |
|---|---|
| Capitalization Rate | 5.8% |
| Cash on Cash Return | 3% |
| Total Return on Investment | 21% |
| Net Performance | Monthly | Annual |
|---|---|---|
| Net Operating Income | $44,323 | $531,877 |
| - Mortgage Payments | $35,073 | $420,875 |
| = Cash Flow | $9,250 | $111,002 |
| + Principal Reduction | $0 | $0 |
| + First-Year Appreciation | $46,250 | $555,000 |
| = Gross Equity Income | $55,500 | $666,002 |
| Assumptions | |
|---|---|
| Real Estate Appreciation Rate | 6% |
| Vacancy Rate | 5% |
| Management Fee | 4% |
| Comments |
|---|
| No Pool. Blinds included. Appliances included. Washer/Dryer included in each unit. 15 units in 7 buildings. PM is 4% |
*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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