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SOLD
Co-Living Property
Mesa, AZ 85203
8 bedrooms 3 bathrooms 1971 year built 2025 year remodeled
Newly Renovated
| 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 | ($2,108) | ($2,171) | ($2,236) | ($2,303) | ($2,373) | ($2,444) | ($2,517) | ($2,593) | ($2,670) | ($2,750) |
| Insurance | ($2,108) | ($2,171) | ($2,236) | ($2,303) | ($2,373) | ($2,444) | ($2,517) | ($2,593) | ($2,670) | ($2,750) |
| 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 | ($29,658) | ($30,547) | ($31,464) | ($32,408) | ($33,380) | ($34,381) | ($35,413) | ($36,475) | ($37,569) | ($38,697) |
| 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 | $52,590 | $54,168 | $55,793 | $57,467 | $59,191 | $60,967 | $62,796 | $64,679 | $66,620 | $68,618 |
| - Mortgage Payments | ($34,357) | ($34,357) | ($34,357) | ($34,357) | ($34,357) | ($34,357) | ($34,357) | ($34,357) | ($34,357) | ($34,357) |
| = Cash Flow | $18,233 | $19,811 | $21,436 | $23,110 | $24,834 | $26,610 | $28,439 | $30,323 | $32,263 | $34,261 |
| + Principal Reduction | $5,449 | $5,799 | $6,172 | $6,569 | $6,992 | $7,442 | $7,920 | $8,430 | $8,972 | $9,549 |
| + Appreciation | $37,200 | $39,432 | $41,798 | $44,306 | $46,964 | $49,782 | $52,769 | $55,935 | $59,291 | $62,849 |
| = Gross Equity Income | $60,882 | $65,042 | $69,406 | $73,985 | $78,790 | $83,833 | $89,128 | $94,687 | $100,526 | $106,659 |
| Capitalization Rate | 8.0% | 7.8% | 7.6% | 7.3% | 7.1% | 6.9% | 6.7% | 6.5% | 6.4% | 6.2% |
| Cash on Cash Return | 10.3% | 11.2% | 12.1% | 13.1% | 14.1% | 15.1% | 16.1% | 17.2% | 18.3% | 19.4% |
| Return on Equity | 30.8% | 26.8% | 23.9% | 21.7% | 19.9% | 18.5% | 17.4% | 16.4% | 15.6% | 14.8% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $657,200 | $696,632 | $738,430 | $782,736 | $829,700 | $879,482 | $932,251 | $988,186 | $1,047,477 | $1,110,326 |
| - Loan Balance | ($459,551) | ($453,752) | ($447,580) | ($441,010) | ($434,019) | ($426,577) | ($418,657) | ($410,227) | ($401,255) | ($391,706) |
| = Equity | $197,649 | $242,880 | $290,850 | $341,725 | $395,681 | $452,905 | $513,594 | $577,959 | $646,222 | $718,619 |
| Loan-to-Value Ratio | 69.9% | 65.1% | 60.6% | 56.3% | 52.3% | 48.5% | 44.9% | 41.5% | 38.3% | 35.3% |
| Potential Cash-Out Refi | $131,929 | $173,217 | $217,007 | $263,452 | $312,711 | $364,957 | $420,369 | $479,140 | $541,474 | $607,587 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $197,649 | $242,880 | $290,850 | $341,725 | $395,681 | $452,905 | $513,594 | $577,959 | $646,222 | $718,619 |
| - Closing Costs | ($46,004) | ($48,764) | ($51,690) | ($54,792) | ($58,079) | ($61,564) | ($65,258) | ($69,173) | ($73,323) | ($77,723) |
| = Proceeds After Sale | $151,645 | $194,116 | $239,160 | $286,934 | $337,602 | $391,341 | $448,336 | $508,786 | $572,898 | $640,897 |
| + Cumulative Cash Flow | $18,233 | $38,044 | $59,481 | $82,590 | $107,424 | $134,034 | $162,473 | $192,795 | $225,058 | $259,319 |
| - Approximate Cash Invested | ($176,700) | ($176,700) | ($176,700) | ($176,700) | ($176,700) | ($176,700) | ($176,700) | ($176,700) | ($176,700) | ($176,700) |
| = Net Profit | ($6,822) | $55,460 | $121,941 | $192,824 | $268,327 | $348,675 | $434,109 | $524,881 | $621,256 | $723,516 |
| Internal Rate of Return | -3.9% | 15.3% | 20.8% | 22.6% | 23.3% | 23.3% | 23.2% | 22.9% | 22.5% | 22.2% |
| Return on Investment | -3.9% | 31.4% | 69.0% | 109.1% | 151.9% | 197.3% | 245.7% | 297.0% | 351.6% | 409.5% |
*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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