Co-Living Opportunity
Mesa, AZ 85204
8 bedrooms 3 bathrooms 1962 year built
8 bdrm/ 3 bath - Renovated 2025
Square Feet2,000
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$3.83
Projected IncomeMonthlyAnnual
Projected Rent$7,650$91,800
Vacancy Losses($612)($7,344)
Operating Income$7,038$84,456
Estimated ExpensesMonthlyAnnual
Property Taxes($152)($1,819)
Insurance($152)($1,819)
Management Fees($1,126)($13,513)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($230)($2,754)
Other (Utilities, Supplies, etc.)($800)($9,600)
Operating Expenses($2,459)($29,505)
Net PerformanceMonthlyAnnual
Net Operating Income$4,579$54,951
- Mortgage Payments($2,503)($30,039)
= Cash Flow$2,076$24,912
+ Principal Reduction$383$4,592
+ First-Year Appreciation$2,675$32,100
= Gross Equity Income$5,134$61,604
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$401,250$0
Monthly Payment$2,503.28$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.375%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.4%
Debt Coverage Ratio1.83
Annual Gross Rent Multiplier6
Capitalization Rate10.3%
Cash on Cash Return17%
Return on Investment41%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate8%
Management Fee16%
Maintenance Percentage3%
Comments
This Co-Living home is fully furnished and ready for Co-living occupants! Kitchen is set up with all necessities, plates, silverware, glasses, etc. 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.