Seller financing available!
Mesa, AZ 85208
3bd • 2ba • Built: 1974
Rent range: $1800 - $2000
| Estimated Square Feet | 1,040 | | Initial Market Value | $354,900 | | Price | $354,900 | | Downpayment | $106,470 | | Loan Origination Fees | $4,969 | | Depreciable Closing Costs | $10,647 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $122,086 | | Cost per Square Foot / per Bedroom | $341 / $118,300 | | Monthly Rent per SQFT / per Bedroom | $1.83 / $633 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $1,900 | $22,800 | | Vacancy Losses | ($152) | ($1,824) | | Operating Income | $1,748 | $20,976 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($89) | ($1,065) | | Insurance | ($59) | ($710) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($152) | ($1,824) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($300) | ($3,599) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,448 | $17,378 | | - Mortgage Payments | ($1,346) | ($16,148) | | = Cash Flow | $102 | $1,230 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $621 | $7,453 | | + One Year Appreciation | $1,775 | $21,294 | | = Gross Equity Income | $2,498 | $29,976 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | N/A | | Loan Amount | $248,430 | N/A | | Monthly Payment | $1,345.66 | 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™) | 0.5% | | Debt Coverage Ratio | 1.08 | | Annual Gross Rent Multiplier | 16 | | Capitalization Rate | 4.9% | | Cash on Cash Return | 1% | | Return on Investment | 18% | | Return on Investment with IIDD | 25% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6.0% | | Projected Inflation Rate | 3.0% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 8% |
| Comments |
|---|
| Upgrades include new roof, new HVAC system, new windows, and fresh interior and exterior paint, luxury vinyl plank flooring flows & more! Self management numbers. |
*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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