Co-living - Currently Tenanted
Mesa, AZ 85201
7 bedrooms 2 bathrooms 1962 year built
Washer/Dryer and All furniture included!
| General Information | |
|---|
| Square Feet | 1,650 | | Purchase Price | $474,000 | | Initial Market Value | $474,000 | | Downpayment | $118,500 | | Closing Costs | $18,664 | | Approximate Cash Invested | $137,164 |
| Income & Expenses | Monthly | Annual |
|---|
| Projected Rent | $5,100 | $61,200 | | Vacancy Losses | $408 | $4,896 | | Operating Income | $4,692 | $56,304 | | 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 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 6.8% | | Cash on Cash Return | 4% | | Return on Investment | 28% |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% |
| 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.
|
