Co-living - Currently Occupied
Tempe, AZ 85282
6 bedrooms 2 bathrooms 1972 year built
Washer/Dryer and All furniture included!
| General Information | |
|---|
| Square Feet | 1,388 | | Purchase Price | $475,000 | | Initial Market Value | $475,000 | | Downpayment | $118,750 | | Closing Costs | $18,703 | | Approximate Cash Invested | $137,453 |
| Income & Expenses | Monthly | Annual |
|---|
| Projected Rent | $4,600 | $55,200 | | Vacancy Losses | $368 | $4,416 | | Operating Income | $4,232 | $50,784 | | Operating Expenses | $1,886 | $22,629 |
| Net Performance | Monthly | Annual |
|---|
| 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 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.9% | | Cash on Cash Return | 1% | | Return on Investment | 25% |
| 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.
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