BEAUTIFUL NEW CONSTRUCTION HOME with NEXT GEN/SUITE

GOODYEAR, AZ 85338
4 BR, 3 BA, NEW CONSTRUCTION + NEXTGEN/CASITA
Property photo 0.
General Information
Square Feet2,524
Initial Market Value$564,990
Purchase Price$564,990
Downpayment$169,497
Loan Origination Fees$3,955
Depreciable Closing Costs$5,650
Other Closing Costs and Fixup$0
Initial Cash Invested$179,102
Cost per Square Foot$224
Monthly Rent per Square Foot$1.19
IncomeMonthlyAnnual
Gross Rent$3,000$36,000
Vacancy Losses($120)($1,440)
Operating Income$2,880$34,560
ExpensesMonthlyAnnual
Property Taxes($235)($2,825)
Insurance($141)($1,695)
Management Fees($40)($480)
Leasing/Advertising Fees$0$0
Association Fees($111)($1,332)
Maintenance($60)($720)
Other$0$0
Operating Expenses($588)($7,052)
Net PerformanceMonthlyAnnual
Net Operating Income$2,292$27,508
- Mortgage Payments($2,121)($25,448)
= Cash Flow$172$2,060
+ Principal Reduction$487$5,846
+ First-Year Appreciation$1,883$22,600
= Gross Equity Income$2,542$30,505
+ Tax Savings$250$2,996
= GEI w/Tax Savings$2,792$33,502
Mortgage InfoFirstSecond
Loan-to-Value Ratio70%0%
Loan Amount$395,493$0
Monthly Payment$2,120.68$0.00
Loan TypeAmortizing ARM
Term7 Years
Interest Rate4.990%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.08
Annual Gross Rent Multiplier16
Monthly Gross Rent Multiplier188
Capitalization Rate4.9%
Cash on Cash Return1%
Total Return on Investment17%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Real Estate Appreciation Rate4%
Vacancy Rate4%
Management Fee$40
Maintenance Percentage2%
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.