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New Construction near TSMC
Surprise, AZ 85361
3 bedrooms 2 bathrooms 2025 year built
Rent range: $1900 - $2200
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Projected Rent | $24,600 | $25,338 | $26,098 | $26,881 | $27,688 | $28,518 | $29,374 | $30,255 | $31,163 | $32,097 |
| Vacancy Losses | ($1,968) | ($2,027) | ($2,088) | ($2,150) | ($2,215) | ($2,281) | ($2,350) | ($2,420) | ($2,493) | ($2,568) |
| Operating Income | $22,632 | $23,311 | $24,010 | $24,731 | $25,473 | $26,237 | $27,024 | $27,835 | $28,670 | $29,530 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Property Taxes | ($1,624) | ($1,672) | ($1,723) | ($1,774) | ($1,828) | ($1,882) | ($1,939) | ($1,997) | ($2,057) | ($2,119) |
| Insurance | ($812) | ($836) | ($861) | ($887) | ($914) | ($941) | ($969) | ($999) | ($1,028) | ($1,059) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($1,200) | ($1,236) | ($1,273) | ($1,311) | ($1,351) | ($1,391) | ($1,433) | ($1,476) | ($1,520) | ($1,566) |
| Maintenance | ($492) | ($507) | ($522) | ($538) | ($554) | ($570) | ($587) | ($605) | ($623) | ($642) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($4,128) | ($4,252) | ($4,379) | ($4,510) | ($4,646) | ($4,785) | ($4,929) | ($5,077) | ($5,229) | ($5,386) |
| 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 | $18,504 | $19,059 | $19,631 | $20,220 | $20,827 | $21,452 | $22,095 | $22,758 | $23,441 | $24,144 |
| - Mortgage Payments | ($18,471) | ($18,471) | ($18,471) | ($18,471) | ($18,471) | ($18,471) | ($18,471) | ($18,471) | ($18,471) | ($18,471) |
| = Cash Flow | $34 | $589 | $1,161 | $1,750 | $2,356 | $2,981 | $3,625 | $4,287 | $4,970 | $5,673 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $24,357 | $25,818 | $27,367 | $29,009 | $30,750 | $32,595 | $34,550 | $36,623 | $38,821 | $41,150 |
| = Gross Equity Income | $24,391 | $26,407 | $28,528 | $30,759 | $33,106 | $35,576 | $38,175 | $40,911 | $43,791 | $46,824 |
| Capitalization Rate | 4.3% | 4.2% | 4.1% | 3.9% | 3.8% | 3.7% | 3.6% | 3.5% | 3.4% | 3.3% |
| Cash on Cash Return | 0.0% | 0.4% | 0.9% | 1.3% | 1.8% | 2.3% | 2.8% | 3.3% | 3.8% | 4.3% |
| Return on Equity | 16.7% | 15.4% | 14.3% | 13.5% | 12.8% | 12.2% | 11.7% | 11.3% | 10.9% | 10.6% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Value | $430,302 | $456,120 | $483,487 | $512,496 | $543,246 | $575,841 | $610,391 | $647,015 | $685,836 | $726,986 |
| - Loan Balance | ($284,162) | ($284,162) | ($284,162) | ($284,162) | ($284,162) | ($284,162) | ($284,162) | ($284,162) | ($284,162) | ($284,162) |
| = Equity | $146,140 | $171,958 | $199,325 | $228,335 | $259,084 | $291,679 | $326,230 | $362,853 | $401,674 | $442,824 |
| Loan-to-Value Ratio | 66.0% | 62.3% | 58.8% | 55.4% | 52.3% | 49.3% | 46.6% | 43.9% | 41.4% | 39.1% |
| Potential Cash-Out Refi | $103,110 | $126,346 | $150,977 | $177,085 | $204,760 | $234,095 | $265,191 | $298,152 | $333,090 | $370,126 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity | $146,140 | $171,958 | $199,325 | $228,335 | $259,084 | $291,679 | $326,230 | $362,853 | $401,674 | $442,824 |
| - Closing Costs | ($30,121) | ($31,928) | ($33,844) | ($35,875) | ($38,027) | ($40,309) | ($42,727) | ($45,291) | ($48,008) | ($50,889) |
| = Proceeds After Sale | $116,019 | $140,030 | $165,481 | $192,460 | $221,057 | $251,370 | $283,502 | $317,562 | $353,666 | $391,935 |
| + Cumulative Cash Flow | $34 | $623 | $1,783 | $3,533 | $5,889 | $8,870 | $12,495 | $16,783 | $21,753 | $27,426 |
| - Approximate Cash Invested | ($131,526) | ($131,526) | ($131,526) | ($131,526) | ($131,526) | ($131,526) | ($131,526) | ($131,526) | ($131,526) | ($131,526) |
| = Net Profit | ($15,473) | $9,126 | $35,739 | $64,467 | $95,420 | $128,715 | $164,471 | $202,819 | $243,892 | $287,835 |
| Internal Rate of Return | -11.8% | 3.4% | 8.4% | 10.5% | 11.6% | 12.2% | 12.4% | 12.6% | 12.6% | 12.6% |
| Return on Investment | -11.8% | 6.9% | 27.2% | 49.0% | 72.5% | 97.9% | 125.0% | 154.2% | 185.4% | 218.8% |
*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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