Co-Living Property
Mesa, AZ 85203
8 bedrooms 3 bathrooms 1971 year built 2025 year remodeled
8 bdrm/ 3 bath - Renovated 2025
Square Feet2,352
Initial Market Value$585,000
Purchase Price$585,000
Downpayment$146,250
Loan Origination Fees$8,775
Depreciable Closing Costs$11,700
Other Costs and Fixup$0
Approximate Cash Invested$166,725
Cost per Square Foot$249
Monthly Rent per Square Foot$3.17
Projected IncomeMonthlyAnnual
Projected Rent$7,450$89,400
Vacancy Losses($596)($7,152)
Operating Income$6,854$82,248
Estimated ExpensesMonthlyAnnual
Property Taxes($166)($1,989)
Insurance($166)($1,989)
Management Fees($1,097)($13,160)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($224)($2,682)
Other (Utilities, Supplies, etc.)($800)($9,600)
Operating Expenses($2,452)($29,420)
Net PerformanceMonthlyAnnual
Net Operating Income$4,402$52,828
- Mortgage Payments($2,701)($32,418)
= Cash Flow$1,701$20,411
+ Principal Reduction$428$5,141
+ First-Year Appreciation$2,925$35,100
= Gross Equity Income$5,054$60,652
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$438,750$0
Monthly Payment$2,701.46$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.250%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.3%
Debt Coverage Ratio1.63
Annual Gross Rent Multiplier7
Capitalization Rate9.0%
Cash on Cash Return12%
Return on Investment36%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate8%
Management Fee16%
Maintenance Percentage3%
Comments
This Co-Living home is fully furnished and ready for Co-living occupants! Kitchen is set up with all necessities, plates, silverware, glasses, etc. Two sets of washer and dryers and two refrigerators.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.