Growing area near TSMC
Surprise, AZ 85387
3 bedrooms 2 bathrooms 2025 year built
Rent range: $1900 - $2200
| Square Feet | 1,400 | | Initial Market Value | $399,990 | | Purchase Price | $399,990 | | Downpayment | $119,997 | | Loan Origination Fees | $5,600 | | Depreciable Closing Costs | $4,000 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $129,597 | | Cost per Square Foot | $286 | | Monthly Rent per Square Foot | $1.43 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,000 | $24,000 | | Vacancy Losses | ($160) | ($1,920) | | Operating Income | $1,840 | $22,080 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($133) | ($1,600) | | Insurance | ($67) | ($800) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($149) | ($1,788) | | Maintenance | ($40) | ($480) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($389) | ($4,668) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,451 | $17,412 | | - Mortgage Payments | ($1,419) | ($17,024) | | = Cash Flow | $32 | $388 | | + Principal Reduction | $376 | $4,517 | | + First-Year Appreciation | $2,000 | $23,999 | | = Gross Equity Income | $2,409 | $28,904 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $279,993 | $0 | | Monthly Payment | $1,418.68 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 4.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.5% | | Debt Coverage Ratio | 1.02 | | Annual Gross Rent Multiplier | 17 | | Capitalization Rate | 4.4% | | Cash on Cash Return | 0% | | Return on Investment | 22% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 2% |
| Comments |
|---|
| Internet included, Community pool with (coming soon), Fire pit, BBQ island (in pool area), Tot lot with ramada, Half basketball court, Corn hole, BBQ grills $10k reduced price for cash buyers. |
*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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