Nice Area!
Phoenix, 85022
3bd • 2ba • Built: 1960
Rent range: $2000 - $2200
| Estimated Square Feet | 1,413 | | Initial Market Value | $369,000 | | Price | $369,000 | | Downpayment | $110,700 | | Loan Origination Fees | $5,166 | | Depreciable Closing Costs | $11,070 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $126,936 | | Cost per Square Foot / per Bedroom | $261 / $123,000 | | Monthly Rent per SQFT / per Bedroom | $1.49 / $700 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,100 | $25,200 | | Vacancy Losses | ($168) | ($2,016) | | Operating Income | $1,932 | $23,184 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($92) | ($1,107) | | Insurance | ($62) | ($738) | | Management Fees | ($155) | ($1,855) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($168) | ($2,016) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($476) | ($5,716) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,456 | $17,468 | | - Mortgage Payments | ($1,399) | ($16,790) | | = Cash Flow | $57 | $679 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $646 | $7,749 | | + One Year Appreciation | $1,845 | $22,140 | | = Gross Equity Income | $2,547 | $30,568 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | N/A | | Loan Amount | $258,300 | N/A | | Monthly Payment | $1,399.13 | N/A | | Loan Type | Interest Only Fixed | N/A | | Term | 10 Years | N/A | | Nominal / Real Interest Rate | 6.500% / 3.500% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 1.04 | | Annual Gross Rent Multiplier | 15 | | Capitalization Rate | 4.7% | | Cash on Cash Return | 1% | | Return on Investment | 18% | | Return on Investment with IIDD | 24% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6.0% | | Projected Inflation Rate | 3.0% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 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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