Seller financing available!
Mesa, AZ 85208
3bd • 2ba • Built: 1974
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $22,800 | $23,484 | $24,189 | $24,914 | $25,662 | $26,431 | $27,224 | $28,041 | $28,882 | $29,749 |
| Vacancy Losses | ($1,824) | ($1,879) | ($1,935) | ($1,993) | ($2,053) | ($2,115) | ($2,178) | ($2,243) | ($2,311) | ($2,380) |
| Operating Income | $20,976 | $21,605 | $22,253 | $22,921 | $23,609 | $24,317 | $25,046 | $25,798 | $26,572 | $27,369 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,065) | ($1,097) | ($1,130) | ($1,163) | ($1,198) | ($1,234) | ($1,271) | ($1,309) | ($1,349) | ($1,389) |
| Insurance | ($710) | ($731) | ($753) | ($776) | ($799) | ($823) | ($848) | ($873) | ($899) | ($926) |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($1,824) | ($1,879) | ($1,935) | ($1,993) | ($2,053) | ($2,115) | ($2,178) | ($2,243) | ($2,311) | ($2,380) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($3,599) | ($3,706) | ($3,818) | ($3,932) | ($4,050) | ($4,172) | ($4,297) | ($4,426) | ($4,558) | ($4,695) |
| 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 | $17,378 | $17,899 | $18,436 | $18,989 | $19,559 | $20,145 | $20,750 | $21,372 | $22,013 | $22,674 |
| - Mortgage Payments | ($16,148) | ($16,148) | ($16,148) | ($16,148) | ($16,148) | ($16,148) | ($16,148) | ($16,148) | ($16,148) | ($16,148) |
| = Cash Flow | $1,230 | $1,751 | $2,288 | $2,841 | $3,411 | $3,997 | $4,602 | $5,224 | $5,865 | $6,526 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $21,294 | $22,572 | $23,926 | $25,361 | $26,883 | $28,496 | $30,206 | $32,018 | $33,939 | $35,976 |
| = Gross Equity Income | $22,524 | $24,323 | $26,214 | $28,202 | $30,294 | $32,494 | $34,808 | $37,243 | $39,805 | $42,502 |
| Capitalization Rate | 4.6% | 4.5% | 4.4% | 4.2% | 4.1% | 4.0% | 3.9% | 3.8% | 3.7% | 3.6% |
| Cash on Cash Return | 1.0% | 1.4% | 1.9% | 2.3% | 2.8% | 3.3% | 3.8% | 4.3% | 4.8% | 5.3% |
| Return on Equity | 17.6% | 16.2% | 15.0% | 14.1% | 13.4% | 12.7% | 12.2% | 11.7% | 11.3% | 11.0% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $376,194 | $398,766 | $422,692 | $448,053 | $474,936 | $503,432 | $533,638 | $565,657 | $599,596 | $635,572 |
| - Loan Balance | ($248,430) | ($248,430) | ($248,430) | ($248,430) | ($248,430) | ($248,430) | ($248,430) | ($248,430) | ($248,430) | ($248,430) |
| = Equity | $127,764 | $150,336 | $174,262 | $199,623 | $226,506 | $255,002 | $285,208 | $317,227 | $351,166 | $387,142 |
| 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 | $90,145 | $110,459 | $131,992 | $154,818 | $179,013 | $204,659 | $231,845 | $260,661 | $291,206 | $323,585 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $127,764 | $150,336 | $174,262 | $199,623 | $226,506 | $255,002 | $285,208 | $317,227 | $351,166 | $387,142 |
| - Closing Costs | ($26,334) | ($27,914) | ($29,588) | ($31,364) | ($33,246) | ($35,240) | ($37,355) | ($39,596) | ($41,972) | ($44,490) |
| = Proceeds After Sale | $101,430 | $122,422 | $144,673 | $168,259 | $193,261 | $219,762 | $247,854 | $277,631 | $309,194 | $342,652 |
| + Cumulative Cash Flow | $1,230 | $2,980 | $5,268 | $8,109 | $11,520 | $15,517 | $20,119 | $25,343 | $31,209 | $37,734 |
| - Approximate Cash Invested | ($122,086) | ($122,086) | ($122,086) | ($122,086) | ($122,086) | ($122,086) | ($122,086) | ($122,086) | ($122,086) | ($122,086) |
| = Net Profit | ($19,426) | $3,317 | $27,856 | $54,283 | $82,695 | $113,194 | $145,887 | $180,888 | $218,317 | $258,301 |
| Internal Rate of Return | -15.9% | 1.4% | 7.2% | 9.8% | 11.1% | 11.9% | 12.3% | 12.5% | 12.6% | 12.6% |
| Return on Investment | -15.9% | 2.7% | 22.8% | 44.5% | 67.7% | 92.7% | 119.5% | 148.2% | 178.8% | 211.6% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.