Co-Living Property
Mesa, AZ 85203
8 bedrooms 3 bathrooms 1971 year built 2025 year remodeled
8 bdrm/ 3 bath - Renovated 2025
| Square Feet | 2,352 | | Initial Market Value | $585,000 | | Purchase Price | $585,000 | | Downpayment | $146,250 | | Loan Origination Fees | $5,484 | | Depreciable Closing Costs | $11,700 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $163,434 | | Cost per Square Foot | $249 | | Monthly Rent per Square Foot | $3.17 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $7,450 | $89,400 | | Vacancy Losses | ($596) | ($7,152) | | Operating Income | $6,854 | $82,248 |
| Estimated Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| Net Operating Income | $4,402 | $52,828 | | - Mortgage Payments | ($2,737) | ($32,847) | | = Cash Flow | $1,665 | $19,982 | | + Principal Reduction | $418 | $5,022 | | + First-Year Appreciation | $2,925 | $35,100 | | = Gross Equity Income | $5,009 | $60,103 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $438,750 | $0 | | Monthly Payment | $2,737.23 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.3% | | Debt Coverage Ratio | 1.61 | | Annual Gross Rent Multiplier | 7 | | Capitalization Rate | 9.0% | | Cash on Cash Return | 12% | | Return on Investment | 37% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% | | Maintenance Percentage | 3% |
| 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.
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