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Co-Living Property
Mesa, AZ 85203
8 bedrooms 3 bathrooms 1971 year built 2025 year remodeled
8 bdrm/ 3 bath - Renovated 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $89,400 | $92,082 | $94,844 | $97,690 | $100,620 | $103,639 | $106,748 | $109,951 | $113,249 | $116,647 |
| Vacancy Losses | ($7,152) | ($7,367) | ($7,588) | ($7,815) | ($8,050) | ($8,291) | ($8,540) | ($8,796) | ($9,060) | ($9,332) |
| Operating Income | $82,248 | $84,715 | $87,257 | $89,875 | $92,571 | $95,348 | $98,208 | $101,155 | $104,189 | $107,315 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($1,989) | ($2,049) | ($2,110) | ($2,173) | ($2,239) | ($2,306) | ($2,375) | ($2,446) | ($2,520) | ($2,595) |
| Insurance | ($1,989) | ($2,049) | ($2,110) | ($2,173) | ($2,239) | ($2,306) | ($2,375) | ($2,446) | ($2,520) | ($2,595) |
| Management Fees | ($13,160) | ($13,554) | ($13,961) | ($14,380) | ($14,811) | ($15,256) | ($15,713) | ($16,185) | ($16,670) | ($17,170) |
| 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 | ($2,682) | ($2,762) | ($2,845) | ($2,931) | ($3,019) | ($3,109) | ($3,202) | ($3,299) | ($3,397) | ($3,499) |
| Other | ($9,600) | ($9,888) | ($10,185) | ($10,490) | ($10,805) | ($11,129) | ($11,463) | ($11,807) | ($12,161) | ($12,526) |
| Operating Expenses | ($29,420) | ($30,302) | ($31,211) | ($32,148) | ($33,112) | ($34,105) | ($35,129) | ($36,182) | ($37,268) | ($38,386) |
| 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 | $52,828 | $54,413 | $56,046 | $57,727 | $59,459 | $61,243 | $63,080 | $64,972 | $66,921 | $68,929 |
| - Mortgage Payments | ($32,847) | ($32,847) | ($32,847) | ($32,847) | ($32,847) | ($32,847) | ($32,847) | ($32,847) | ($32,847) | ($32,847) |
| = Cash Flow | $19,982 | $21,566 | $23,199 | $24,880 | $26,612 | $28,396 | $30,233 | $32,125 | $34,075 | $36,082 |
| + Principal Reduction | $5,022 | $5,351 | $5,702 | $6,077 | $6,476 | $6,901 | $7,354 | $7,837 | $8,351 | $8,899 |
| + Appreciation | $35,100 | $37,206 | $39,438 | $41,805 | $44,313 | $46,972 | $49,790 | $52,777 | $55,944 | $59,301 |
| = Gross Equity Income | $60,103 | $64,124 | $68,340 | $72,762 | $77,401 | $82,268 | $87,377 | $92,739 | $98,370 | $104,282 |
| Capitalization Rate | 8.5% | 8.3% | 8.0% | 7.8% | 7.6% | 7.4% | 7.2% | 7.0% | 6.8% | 6.6% |
| Cash on Cash Return | 12.2% | 13.2% | 14.2% | 15.2% | 16.3% | 17.4% | 18.5% | 19.7% | 20.8% | 22.1% |
| Return on Equity | 32.2% | 28.0% | 24.9% | 22.6% | 20.8% | 19.3% | 18.1% | 17.0% | 16.2% | 15.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $620,100 | $657,306 | $696,744 | $738,549 | $782,862 | $829,834 | $879,624 | $932,401 | $988,345 | $1,047,646 |
| - Loan Balance | ($433,729) | ($428,377) | ($422,675) | ($416,598) | ($410,123) | ($403,222) | ($395,868) | ($388,031) | ($379,681) | ($370,781) |
| = Equity | $186,372 | $228,929 | $274,069 | $321,951 | $372,739 | $426,612 | $483,756 | $544,370 | $608,665 | $676,865 |
| 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 | $124,362 | $163,198 | $204,395 | $248,096 | $294,453 | $343,629 | $395,793 | $451,130 | $509,830 | $572,100 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $186,372 | $228,929 | $274,069 | $321,951 | $372,739 | $426,612 | $483,756 | $544,370 | $608,665 | $676,865 |
| - Closing Costs | ($43,407) | ($46,011) | ($48,772) | ($51,698) | ($54,800) | ($58,088) | ($61,574) | ($65,268) | ($69,184) | ($73,335) |
| = Proceeds After Sale | $142,965 | $182,917 | $225,297 | $270,252 | $317,939 | $368,524 | $422,182 | $479,102 | $539,480 | $603,529 |
| + Cumulative Cash Flow | $19,982 | $41,548 | $64,747 | $89,627 | $116,239 | $144,635 | $174,868 | $206,993 | $241,068 | $277,150 |
| - Approximate Cash Invested | ($163,434) | ($163,434) | ($163,434) | ($163,434) | ($163,434) | ($163,434) | ($163,434) | ($163,434) | ($163,434) | ($163,434) |
| = Net Profit | ($488) | $61,031 | $126,610 | $196,445 | $270,744 | $349,724 | $433,615 | $522,660 | $617,114 | $717,245 |
| Internal Rate of Return | -0.3% | 18.1% | 23.2% | 24.8% | 25.2% | 25.2% | 24.9% | 24.6% | 24.2% | 23.8% |
| Return on Investment | -0.3% | 37.3% | 77.5% | 120.2% | 165.7% | 214.0% | 265.3% | 319.8% | 377.6% | 438.9% |
*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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