Co-Living Property
Tempe, AZ 85282
8 bedrooms 3 bathrooms 1977 year built 2025 year remodeled
8 bdrm/ 3 bath - Renovated 2025
Square Feet1,700
Initial Market Value$555,000
Purchase Price$555,000
Downpayment$138,750
Loan Origination Fees$5,203
Depreciable Closing Costs$11,100
Other Costs and Fixup$0
Approximate Cash Invested$155,053
Cost per Square Foot$326
Monthly Rent per Square Foot$4.38
Projected IncomeMonthlyAnnual
Projected Rent$7,450$89,400
Vacancy Losses($596)($7,152)
Operating Income$6,854$82,248
Estimated ExpensesMonthlyAnnual
Property Taxes($157)($1,887)
Insurance($157)($1,887)
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($2,435)($29,216)
Net PerformanceMonthlyAnnual
Net Operating Income$4,419$53,032
- Mortgage Payments($2,597)($31,162)
= Cash Flow$1,823$21,870
+ Principal Reduction$397$4,764
+ First-Year Appreciation$2,775$33,300
= Gross Equity Income$4,994$59,934
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$416,250$0
Monthly Payment$2,596.86$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate6.375%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.3%
Debt Coverage Ratio1.70
Annual Gross Rent Multiplier6
Capitalization Rate9.6%
Cash on Cash Return14%
Return on Investment39%
+ 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.