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IN ESCROW
Co-Living Opportunity
Mesa, AZ 85204
8 bedrooms 3 bathrooms 1962 year built
8 bdrm/ 3 bath - Renovated 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $91,800 | $94,554 | $97,391 | $100,312 | $103,322 | $106,421 | $109,614 | $112,902 | $116,289 | $119,778 |
| Vacancy Losses | ($7,344) | ($7,564) | ($7,791) | ($8,025) | ($8,266) | ($8,514) | ($8,769) | ($9,032) | ($9,303) | ($9,582) |
| Operating Income | $84,456 | $86,990 | $89,599 | $92,287 | $95,056 | $97,908 | $100,845 | $103,870 | $106,986 | $110,196 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($1,819) | ($1,874) | ($1,930) | ($1,988) | ($2,047) | ($2,109) | ($2,172) | ($2,237) | ($2,304) | ($2,373) |
| Insurance | ($1,819) | ($1,874) | ($1,930) | ($1,988) | ($2,047) | ($2,109) | ($2,172) | ($2,237) | ($2,304) | ($2,373) |
| Management Fees | ($13,513) | ($13,918) | ($14,336) | ($14,766) | ($15,209) | ($15,665) | ($16,135) | ($16,619) | ($17,118) | ($17,631) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($2,754) | ($2,837) | ($2,922) | ($3,009) | ($3,100) | ($3,193) | ($3,288) | ($3,387) | ($3,489) | ($3,593) |
| Other | ($9,600) | ($9,888) | ($10,185) | ($10,490) | ($10,805) | ($11,129) | ($11,463) | ($11,807) | ($12,161) | ($12,526) |
| Operating Expenses | ($29,505) | ($30,390) | ($31,302) | ($32,241) | ($33,208) | ($34,204) | ($35,230) | ($36,287) | ($37,376) | ($38,497) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Operating Income | $54,951 | $56,600 | $58,298 | $60,046 | $61,848 | $63,703 | $65,614 | $67,583 | $69,610 | $71,699 |
| - Mortgage Payments | ($30,039) | ($30,039) | ($30,039) | ($30,039) | ($30,039) | ($30,039) | ($30,039) | ($30,039) | ($30,039) | ($30,039) |
| = Cash Flow | $24,912 | $26,560 | $28,258 | $30,007 | $31,809 | $33,664 | $35,575 | $37,543 | $39,571 | $41,659 |
| + Principal Reduction | $4,592 | $4,894 | $5,215 | $5,557 | $5,922 | $6,311 | $6,725 | $7,167 | $7,637 | $8,139 |
| + Appreciation | $32,100 | $34,026 | $36,068 | $38,232 | $40,526 | $42,957 | $45,534 | $48,267 | $51,163 | $54,232 |
| = Gross Equity Income | $61,604 | $65,480 | $69,541 | $73,796 | $78,256 | $82,932 | $87,835 | $92,977 | $98,371 | $104,030 |
| Capitalization Rate | 9.7% | 9.4% | 9.1% | 8.9% | 8.6% | 8.4% | 8.2% | 7.9% | 7.7% | 7.5% |
| Cash on Cash Return | 16.7% | 17.8% | 18.9% | 20.1% | 21.3% | 22.5% | 23.8% | 25.1% | 26.5% | 27.9% |
| Return on Equity | 36.1% | 31.3% | 27.7% | 25.1% | 23.0% | 21.3% | 19.9% | 18.7% | 17.7% | 16.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $567,100 | $601,126 | $637,194 | $675,425 | $715,951 | $758,908 | $804,442 | $852,709 | $903,871 | $958,104 |
| - Loan Balance | ($396,658) | ($391,764) | ($386,549) | ($380,991) | ($375,069) | ($368,758) | ($362,033) | ($354,866) | ($347,229) | ($339,091) |
| = Equity | $170,442 | $209,362 | $250,645 | $294,434 | $340,881 | $390,149 | $442,409 | $497,842 | $556,642 | $619,013 |
| Loan-to-Value Ratio | 69.9% | 65.2% | 60.7% | 56.4% | 52.4% | 48.6% | 45.0% | 41.6% | 38.4% | 35.4% |
| Potential Cash-Out Refi | $113,732 | $149,249 | $186,925 | $226,891 | $269,286 | $314,259 | $361,965 | $412,572 | $466,255 | $523,203 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $170,442 | $209,362 | $250,645 | $294,434 | $340,881 | $390,149 | $442,409 | $497,842 | $556,642 | $619,013 |
| - Closing Costs | ($39,697) | ($42,079) | ($44,604) | ($47,280) | ($50,117) | ($53,124) | ($56,311) | ($59,690) | ($63,271) | ($67,067) |
| = Proceeds After Sale | $130,745 | $167,283 | $206,041 | $247,154 | $290,765 | $337,026 | $386,098 | $438,153 | $493,371 | $551,946 |
| + Cumulative Cash Flow | $24,912 | $51,472 | $79,730 | $109,737 | $141,546 | $175,210 | $210,785 | $248,328 | $287,899 | $329,558 |
| - Approximate Cash Invested | ($149,466) | ($149,466) | ($149,466) | ($149,466) | ($149,466) | ($149,466) | ($149,466) | ($149,466) | ($149,466) | ($149,466) |
| = Net Profit | $6,191 | $69,290 | $136,306 | $207,426 | $282,845 | $362,770 | $447,417 | $537,015 | $631,805 | $732,039 |
| Internal Rate of Return | 4.1% | 22.5% | 27.3% | 28.8% | 29.0% | 28.8% | 28.5% | 28.0% | 27.6% | 27.1% |
| Return on Investment | 4.1% | 46.4% | 91.2% | 138.8% | 189.2% | 242.7% | 299.3% | 359.3% | 422.7% | 489.8% |
*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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