Co-living - Currently Occupied
Tempe, AZ 85282
6 bedrooms 2 bathrooms 1972 year built
Washer/Dryer and All furniture included!
Square Feet1,388
Initial Market Value$475,000
Purchase Price$475,000
Downpayment$118,750
Loan Origination Fees$4,453
Depreciable Closing Costs$14,250
Other Costs and Fixup$0
Approximate Cash Invested$137,453
Cost per Square Foot$342
Monthly Rent per Square Foot$3.31
Projected IncomeMonthlyAnnual
Projected Rent$4,600$55,200
Vacancy Losses($368)($4,416)
Operating Income$4,232$50,784
Estimated ExpensesMonthlyAnnual
Property Taxes($158)($1,900)
Insurance($158)($1,900)
Management Fees($677)($8,125)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($92)($1,104)
Other (Utilities, Supplies, etc.)($800)($9,600)
Operating Expenses($1,886)($22,629)
Net PerformanceMonthlyAnnual
Net Operating Income$2,346$28,155
- Mortgage Payments($2,223)($26,670)
= Cash Flow$124$1,484
+ Principal Reduction$340$4,077
+ First-Year Appreciation$2,375$28,500
= Gross Equity Income$2,838$34,061
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$356,250$0
Monthly Payment$2,222.54$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.375%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.0%
Debt Coverage Ratio1.06
Annual Gross Rent Multiplier9
Capitalization Rate5.9%
Cash on Cash Return1%
Return on Investment25%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate8%
Management Fee16%
Maintenance Percentage2%
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.