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Co-living - Currently Occupied
Tempe, AZ 85282
6 bedrooms 2 bathrooms 1972 year built
Washer/Dryer and All furniture included!
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $55,200 | $56,856 | $58,562 | $60,319 | $62,128 | $63,992 | $65,912 | $67,889 | $69,926 | $72,023 |
| Vacancy Losses | ($4,416) | ($4,548) | ($4,685) | ($4,825) | ($4,970) | ($5,119) | ($5,273) | ($5,431) | ($5,594) | ($5,762) |
| Operating Income | $50,784 | $52,308 | $53,877 | $55,493 | $57,158 | $58,873 | $60,639 | $62,458 | $64,332 | $66,262 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($1,900) | ($1,957) | ($2,016) | ($2,076) | ($2,138) | ($2,203) | ($2,269) | ($2,337) | ($2,407) | ($2,479) |
| Insurance | ($1,900) | ($1,957) | ($2,016) | ($2,076) | ($2,138) | ($2,203) | ($2,269) | ($2,337) | ($2,407) | ($2,479) |
| Management Fees | ($8,125) | ($8,369) | ($8,620) | ($8,879) | ($9,145) | ($9,420) | ($9,702) | ($9,993) | ($10,293) | ($10,602) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($1,104) | ($1,137) | ($1,171) | ($1,206) | ($1,243) | ($1,280) | ($1,318) | ($1,358) | ($1,399) | ($1,440) |
| Other | ($9,600) | ($9,888) | ($10,185) | ($10,490) | ($10,805) | ($11,129) | ($11,463) | ($11,807) | ($12,161) | ($12,526) |
| Operating Expenses | ($22,629) | ($23,308) | ($24,008) | ($24,728) | ($25,470) | ($26,234) | ($27,021) | ($27,831) | ($28,666) | ($29,526) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Operating Income | $28,155 | $28,999 | $29,869 | $30,765 | $31,688 | $32,639 | $33,618 | $34,627 | $35,665 | $36,735 |
| - Mortgage Payments | ($26,670) | ($26,670) | ($26,670) | ($26,670) | ($26,670) | ($26,670) | ($26,670) | ($26,670) | ($26,670) | ($26,670) |
| = Cash Flow | $1,484 | $2,329 | $3,199 | $4,095 | $5,018 | $5,968 | $6,948 | $7,956 | $8,995 | $10,065 |
| + Principal Reduction | $4,077 | $4,345 | $4,630 | $4,934 | $5,258 | $5,603 | $5,971 | $6,363 | $6,781 | $7,226 |
| + Appreciation | $28,500 | $30,210 | $32,023 | $33,944 | $35,981 | $38,139 | $40,428 | $42,853 | $45,425 | $48,150 |
| = Gross Equity Income | $34,061 | $36,884 | $39,851 | $42,973 | $46,256 | $49,711 | $53,346 | $57,173 | $61,200 | $65,441 |
| Capitalization Rate | 5.6% | 5.4% | 5.3% | 5.1% | 5.0% | 4.8% | 4.7% | 4.6% | 4.4% | 4.3% |
| Cash on Cash Return | 1.1% | 1.7% | 2.3% | 3.0% | 3.7% | 4.3% | 5.1% | 5.8% | 6.5% | 7.3% |
| Return on Equity | 22.5% | 19.8% | 17.9% | 16.4% | 15.3% | 14.4% | 13.6% | 12.9% | 12.4% | 11.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $503,500 | $533,710 | $565,733 | $599,677 | $635,657 | $673,797 | $714,224 | $757,078 | $802,503 | $850,653 |
| - Loan Balance | ($352,173) | ($347,828) | ($343,198) | ($338,263) | ($333,005) | ($327,402) | ($321,431) | ($315,068) | ($308,287) | ($301,061) |
| = Equity | $151,327 | $185,882 | $222,535 | $261,413 | $302,652 | $346,394 | $392,793 | $442,010 | $494,215 | $549,591 |
| Loan-to-Value Ratio | 69.9% | 65.2% | 60.7% | 56.4% | 52.4% | 48.6% | 45.0% | 41.6% | 38.4% | 35.4% |
| Potential Cash-Out Refi | $100,977 | $132,511 | $165,962 | $201,446 | $239,086 | $279,015 | $321,371 | $366,302 | $413,965 | $464,526 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $151,327 | $185,882 | $222,535 | $261,413 | $302,652 | $346,394 | $392,793 | $442,010 | $494,215 | $549,591 |
| - Closing Costs | ($35,245) | ($37,360) | ($39,601) | ($41,977) | ($44,496) | ($47,166) | ($49,996) | ($52,995) | ($56,175) | ($59,546) |
| = Proceeds After Sale | $116,082 | $148,523 | $182,934 | $219,436 | $258,156 | $299,229 | $342,798 | $389,014 | $438,040 | $490,046 |
| + Cumulative Cash Flow | $1,484 | $3,813 | $7,011 | $11,106 | $16,124 | $22,092 | $29,040 | $36,996 | $45,991 | $56,056 |
| - Approximate Cash Invested | ($137,453) | ($137,453) | ($137,453) | ($137,453) | ($137,453) | ($137,453) | ($137,453) | ($137,453) | ($137,453) | ($137,453) |
| = Net Profit | ($19,887) | $14,882 | $52,492 | $93,089 | $136,827 | $183,868 | $234,384 | $288,557 | $346,578 | $408,648 |
| Internal Rate of Return | -14.5% | 5.3% | 11.5% | 14.0% | 15.2% | 15.6% | 15.8% | 15.8% | 15.7% | 15.6% |
| Return on Investment | -14.5% | 10.8% | 38.2% | 67.7% | 99.5% | 133.8% | 170.5% | 209.9% | 252.1% | 297.3% |
*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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