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NEW CONSTRUCTION
Mesa, AZ 85212
3 bedrooms 2 bathrooms 2025 year built
3BR, 2.5BA, New Construction
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $34,800 | $35,844 | $36,919 | $38,027 | $39,168 | $40,343 | $41,553 | $42,800 | $44,084 | $45,406 |
| Vacancy Losses | ($2,784) | ($2,868) | ($2,954) | ($3,042) | ($3,133) | ($3,227) | ($3,324) | ($3,424) | ($3,527) | ($3,632) |
| Operating Income | $32,016 | $32,976 | $33,966 | $34,985 | $36,034 | $37,115 | $38,229 | $39,376 | $40,557 | $41,774 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($2,550) | ($2,626) | ($2,705) | ($2,786) | ($2,870) | ($2,956) | ($3,045) | ($3,136) | ($3,230) | ($3,327) |
| Insurance | ($1,250) | ($1,287) | ($1,326) | ($1,366) | ($1,407) | ($1,449) | ($1,492) | ($1,537) | ($1,583) | ($1,631) |
| Management Fees | ($576) | ($593) | ($611) | ($629) | ($648) | ($668) | ($688) | ($708) | ($730) | ($752) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($1,332) | ($1,372) | ($1,413) | ($1,456) | ($1,499) | ($1,544) | ($1,590) | ($1,638) | ($1,687) | ($1,738) |
| Maintenance | ($696) | ($717) | ($738) | ($761) | ($783) | ($807) | ($831) | ($856) | ($882) | ($908) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($6,404) | ($6,596) | ($6,794) | ($6,998) | ($7,208) | ($7,424) | ($7,646) | ($7,876) | ($8,112) | ($8,355) |
| 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 | $25,612 | $26,381 | $27,172 | $27,987 | $28,827 | $29,692 | $30,582 | $31,500 | $32,445 | $33,418 |
| - Mortgage Payments | ($22,519) | ($22,519) | ($22,519) | ($22,519) | ($22,519) | ($22,519) | ($22,519) | ($28,065) | ($28,065) | ($28,065) |
| = Cash Flow | $3,093 | $3,861 | $4,653 | $5,468 | $6,307 | $7,172 | $8,063 | $3,435 | $4,380 | $5,353 |
| + Principal Reduction | $5,173 | $5,437 | $5,714 | $6,006 | $6,313 | $6,635 | $6,974 | $9,901 | $10,510 | $11,158 |
| + Appreciation | $29,998 | $31,798 | $33,706 | $35,728 | $37,872 | $40,144 | $42,553 | $45,106 | $47,813 | $50,681 |
| = Gross Equity Income | $38,264 | $41,096 | $44,073 | $47,202 | $50,492 | $53,952 | $57,590 | $58,442 | $62,703 | $67,192 |
| Capitalization Rate | 4.8% | 4.7% | 4.6% | 4.4% | 4.3% | 4.2% | 4.1% | 4.0% | 3.8% | 3.7% |
| Cash on Cash Return | 2.0% | 2.4% | 2.9% | 3.4% | 4.0% | 4.5% | 5.1% | 2.2% | 2.8% | 3.4% |
| Return on Equity | 20.7% | 18.5% | 16.8% | 15.5% | 14.5% | 13.7% | 13.0% | 11.7% | 11.2% | 10.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $529,968 | $561,766 | $595,472 | $631,201 | $669,073 | $709,217 | $751,770 | $796,876 | $844,689 | $895,370 |
| - Loan Balance | ($344,806) | ($339,369) | ($333,655) | ($327,649) | ($321,336) | ($314,701) | ($307,727) | ($297,826) | ($287,316) | ($276,158) |
| = Equity | $185,162 | $222,397 | $261,817 | $303,552 | $347,737 | $394,516 | $444,043 | $499,050 | $557,373 | $619,212 |
| Loan-to-Value Ratio | 65.1% | 60.4% | 56.0% | 51.9% | 48.0% | 44.4% | 40.9% | 37.4% | 34.0% | 30.8% |
| Potential Cash-Out Refi | $132,165 | $166,220 | $202,270 | $240,432 | $280,829 | $323,594 | $368,866 | $419,363 | $472,904 | $529,675 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $185,162 | $222,397 | $261,817 | $303,552 | $347,737 | $394,516 | $444,043 | $499,050 | $557,373 | $619,212 |
| - Closing Costs | ($37,098) | ($39,324) | ($41,683) | ($44,184) | ($46,835) | ($49,645) | ($52,624) | ($55,781) | ($59,128) | ($62,676) |
| = Proceeds After Sale | $148,064 | $183,073 | $220,134 | $259,368 | $300,902 | $344,871 | $391,419 | $443,269 | $498,245 | $556,536 |
| + Cumulative Cash Flow | $3,093 | $6,954 | $11,607 | $17,074 | $23,382 | $30,554 | $38,617 | $42,052 | $46,432 | $51,785 |
| - Approximate Cash Invested | ($158,490) | ($158,490) | ($158,490) | ($158,490) | ($158,490) | ($158,490) | ($158,490) | ($158,490) | ($158,490) | ($158,490) |
| = Net Profit | ($7,334) | $31,537 | $73,250 | $117,952 | $165,793 | $216,934 | $271,545 | $326,830 | $386,186 | $449,831 |
| Internal Rate of Return | -4.6% | 9.6% | 13.7% | 15.3% | 15.9% | 16.1% | 16.0% | 15.8% | 15.6% | 15.3% |
| Return on Investment | -4.6% | 19.9% | 46.2% | 74.4% | 104.6% | 136.9% | 171.3% | 206.2% | 243.7% | 283.8% |
*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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