NEW CONSTRUCTION
Mesa, AZ 85212
3 bedrooms 2 bathrooms 2025 year built
3BR, 2.5BA, New Construction
| Square Feet | 1,744 | | Initial Market Value | $499,970 | | Purchase Price | $499,970 | | Downpayment | $149,991 | | Loan Origination Fees | $3,500 | | Depreciable Closing Costs | $5,000 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $158,490 | | Cost per Square Foot | $287 | | Monthly Rent per Square Foot | $1.66 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,900 | $34,800 | | Vacancy Losses | ($232) | ($2,784) | | Operating Income | $2,668 | $32,016 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($212) | ($2,550) | | Insurance | ($104) | ($1,250) | | Management Fees | ($48) | ($576) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($111) | ($1,332) | | Maintenance | ($58) | ($696) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($534) | ($6,404) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,134 | $25,612 | | - Mortgage Payments | ($1,877) | ($22,519) | | = Cash Flow | $258 | $3,093 | | + Principal Reduction | $431 | $5,173 | | + First-Year Appreciation | $2,500 | $29,998 | | = Gross Equity Income | $3,189 | $38,264 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $349,979 | $0 | | Monthly Payment | $1,876.62 | $0.00 | | Loan Type | Amortizing ARM | | | Term | 7 Years | | | Interest Rate | 4.990% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 1.14 | | Annual Gross Rent Multiplier | 14 | | Capitalization Rate | 5.1% | | Cash on Cash Return | 2% | | Return on Investment | 24% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $48 | | Maintenance Percentage | 2% |
| Comments |
|---|
| Builder offering 4.99 rate and 2% towards closing cost, subject to change. Washer, dryer, fridge included. Cable included. Other incentives may apply. Not exact rendering. |
*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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