Co-living - Currently Tenanted
Mesa, AZ 85201
7 bedrooms 2 bathrooms 1962 year built
Washer/Dryer and All furniture included!
| Square Feet | 1,650 | | Initial Market Value | $474,000 | | Purchase Price | $474,000 | | Downpayment | $118,500 | | Loan Origination Fees | $4,444 | | Depreciable Closing Costs | $14,220 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $137,164 | | Cost per Square Foot | $287 | | Monthly Rent per Square Foot | $3.09 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $5,100 | $61,200 | | Vacancy Losses | ($408) | ($4,896) | | Operating Income | $4,692 | $56,304 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($158) | ($1,896) | | Insurance | ($158) | ($1,896) | | Management Fees | ($751) | ($9,009) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($153) | ($1,836) | | Other (Utilities, Supplies, etc.) | ($800) | ($9,600) | | Operating Expenses | ($2,020) | ($24,237) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,672 | $32,067 | | - Mortgage Payments | ($2,218) | ($26,614) | | = Cash Flow | $454 | $5,453 | | + Principal Reduction | $339 | $4,069 | | + First-Year Appreciation | $2,370 | $28,440 | | = Gross Equity Income | $3,163 | $37,962 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $355,500 | $0 | | Monthly Payment | $2,217.86 | $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™) | 1.1% | | Debt Coverage Ratio | 1.20 | | Annual Gross Rent Multiplier | 8 | | Capitalization Rate | 6.8% | | Cash on Cash Return | 4% | | Return on Investment | 28% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% | | Maintenance Percentage | 3% |
| Comments |
|---|
| Other costs include: Utilities (power, gas, water, internet), landscaping, pest control, common area cleanings, room turns and extra maintenance costs. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|
