Co-Living Property
Tempe, AZ 85282
8 bedrooms 3 bathrooms 1977 year built 2025 year remodeled
8 bdrm/ 3 bath - Renovated 2025
| Square Feet | 1,700 | | 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 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 | ($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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $416,250 | $0 | | Monthly Payment | $2,596.86 | $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 | 1.70 | | Annual Gross Rent Multiplier | 6 | | Capitalization Rate | 9.6% | | Cash on Cash Return | 14% | | Return on Investment | 39% | | + 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.
|
