PADSPLIT MODEL
Mesa, AZ 85204
8 bedrooms 3 bathrooms
TURN KEY CO-LIVING HOME
| Square Feet | 2,000 | | Initial Market Value | $535,000 | | Purchase Price | $535,000 | | Downpayment | $133,750 | | Loan Origination Fees | $5,016 | | Depreciable Closing Costs | $10,700 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $149,466 | | Cost per Square Foot | $268 | | Monthly Rent per Square Foot | $3.50 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $7,000 | $84,000 | | Vacancy Losses | ($560) | ($6,720) | | Operating Income | $6,440 | $77,280 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($152) | ($1,819) | | Insurance | ($152) | ($1,819) | | Management Fees | ($1,030) | ($12,365) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($210) | ($2,520) | | Other (Utilities, Supplies, etc.) | ($800) | ($9,600) | | Operating Expenses | ($2,344) | ($28,123) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $4,096 | $49,157 | | - Mortgage Payments | ($2,503) | ($30,039) | | = Cash Flow | $1,593 | $19,118 | | + Principal Reduction | $383 | $4,592 | | + First-Year Appreciation | $2,675 | $32,100 | | = Gross Equity Income | $4,651 | $55,810 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $401,250 | $0 | | Monthly Payment | $2,503.28 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.3% | | Debt Coverage Ratio | 1.64 | | Annual Gross Rent Multiplier | 6 | | Capitalization Rate | 9.2% | | Cash on Cash Return | 13% | | Return on Investment | 37% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% | | Maintenance Percentage | 3% |
| Comments |
|---|
| This Co-Living home is fully furnished and ready for Padsplit to start filling the rooms to generate income. Includes kitchen set up with every plate, fork, knife and spoon. Two sets of washer and dryers and two refrigerators. |
*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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