BEAUTIFUL NEW CONSTRUCTION HOME
Mesa, AZ 85212
4 bedrooms 2.5 bathrooms
3 BR, 2BA, NEW CONSTRUCTION
| General Information | |
|---|
| Square Feet | 2,144 | | Purchase Price | $494,490 | | Initial Market Value | $494,490 | | Downpayment | $148,347 | | Closing Costs | $8,406 | | Approximate Cash Invested | $156,753 |
| Income & Expenses | Monthly | Annual |
|---|
| Projected Rent | $2,900 | $34,800 | | Vacancy Losses | $232 | $2,784 | | Operating Income | $2,668 | $32,016 | | Operating Expenses | $530 | $6,362 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,138 | $25,654 | | - Mortgage Payments | $1,856 | $22,273 | | = Cash Flow | $282 | $3,381 | | + Principal Reduction | $426 | $5,116 | | + First-Year Appreciation | $2,472 | $29,669 | | = Gross Equity Income | $3,181 | $38,167 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.2% | | Cash on Cash Return | 2% | | Return on Investment | 24% |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 48% |
| Comments |
|---|
Builder offering 4.99 rate and 2% towards closing costs, all appliances. Including washer/dryer. Cable included.
Other incentives may apply. Not exact rendering. |
*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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