Co-Living Property
Mesa, AZ 85203
8 bedrooms 3 bathrooms 1971 year built 2025 year remodeled
Newly Renovated
| Square Feet | 2,352 | | Initial Market Value | $620,000 | | Purchase Price | $620,000 | | Downpayment | $155,000 | | Loan Origination Fees | $9,300 | | Depreciable Closing Costs | $12,400 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $176,700 | | Cost per Square Foot | $264 | | 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 | ($176) | ($2,108) | | Insurance | ($176) | ($2,108) | | 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 | ($2,471) | ($29,658) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $4,383 | $52,590 | | - Mortgage Payments | ($2,863) | ($34,357) | | = Cash Flow | $1,519 | $18,233 | | + Principal Reduction | $454 | $5,449 | | + First-Year Appreciation | $3,100 | $37,200 | | = Gross Equity Income | $5,074 | $60,882 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $465,000 | $0 | | Monthly Payment | $2,863.08 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.250% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.2% | | Debt Coverage Ratio | 1.53 | | Annual Gross Rent Multiplier | 7 | | Capitalization Rate | 8.5% | | Cash on Cash Return | 10% | | Return on Investment | 34% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% | | Maintenance Percentage | 3% |
*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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