Cottage - CASH - 55+ community
Surprise, AZ 85387
2bd • 2ba • Built: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $21,600 | $22,248 | $22,915 | $23,603 | $24,311 | $25,040 | $25,792 | $26,565 | $27,362 | $28,183 |
| Vacancy Losses | ($1,728) | ($1,780) | ($1,833) | ($1,888) | ($1,945) | ($2,003) | ($2,063) | ($2,125) | ($2,189) | ($2,255) |
| Operating Income | $19,872 | $20,468 | $21,082 | $21,715 | $22,366 | $23,037 | $23,728 | $24,440 | $25,173 | $25,928 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,680) | ($1,730) | ($1,782) | ($1,835) | ($1,890) | ($1,947) | ($2,006) | ($2,066) | ($2,128) | ($2,192) |
| Insurance | ($840) | ($865) | ($891) | ($918) | ($945) | ($974) | ($1,003) | ($1,033) | ($1,064) | ($1,096) |
| 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 | ($2,388) | ($2,460) | ($2,533) | ($2,609) | ($2,688) | ($2,768) | ($2,851) | ($2,937) | ($3,025) | ($3,116) |
| Maintenance | ($432) | ($445) | ($458) | ($472) | ($486) | ($501) | ($516) | ($531) | ($547) | ($564) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($5,339) | ($5,500) | ($5,665) | ($5,835) | ($6,010) | ($6,190) | ($6,376) | ($6,567) | ($6,764) | ($6,967) |
| 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 | $14,533 | $14,969 | $15,418 | $15,880 | $16,357 | $16,847 | $17,353 | $17,873 | $18,409 | $18,962 |
| - Mortgage Payments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Cash Flow | $14,533 | $14,969 | $15,418 | $15,880 | $16,357 | $16,847 | $17,353 | $17,873 | $18,409 | $18,962 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $16,796 | $17,804 | $18,872 | $20,005 | $21,205 | $22,477 | $23,826 | $25,256 | $26,771 | $28,377 |
| = Gross Equity Income | $31,329 | $32,773 | $34,290 | $35,885 | $37,562 | $39,325 | $41,179 | $43,129 | $45,180 | $47,339 |
| Capitalization Rate | 4.9% | 4.8% | 4.6% | 4.5% | 4.4% | 4.2% | 4.1% | 4.0% | 3.9% | 3.8% |
| Cash on Cash Return | 5.2% | 5.3% | 5.5% | 5.7% | 5.8% | 6.0% | 6.2% | 6.4% | 6.6% | 6.8% |
| Return on Equity | 10.6% | 10.4% | 10.3% | 10.2% | 10.0% | 9.9% | 9.8% | 9.7% | 9.6% | 9.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $296,736 | $314,541 | $333,413 | $353,418 | $374,623 | $397,100 | $420,926 | $446,182 | $472,953 | $501,330 |
| - Loan Balance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Equity | $296,736 | $314,541 | $333,413 | $353,418 | $374,623 | $397,100 | $420,926 | $446,182 | $472,953 | $501,330 |
| Loan-to-Value Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Potential Cash-Out Refi | $267,063 | $283,087 | $300,072 | $318,076 | $337,161 | $357,390 | $378,834 | $401,564 | $425,657 | $451,197 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $296,736 | $314,541 | $333,413 | $353,418 | $374,623 | $397,100 | $420,926 | $446,182 | $472,953 | $501,330 |
| - Closing Costs | ($20,772) | ($22,018) | ($23,339) | ($24,739) | ($26,224) | ($27,797) | ($29,465) | ($31,233) | ($33,107) | ($35,093) |
| = Proceeds After Sale | $275,965 | $292,523 | $310,074 | $328,679 | $348,399 | $369,303 | $391,461 | $414,949 | $439,846 | $466,237 |
| + Cumulative Cash Flow | $14,533 | $29,501 | $44,919 | $60,799 | $77,155 | $94,002 | $111,355 | $129,228 | $147,638 | $166,599 |
| - Approximate Cash Invested | ($279,940) | ($279,940) | ($279,940) | ($279,940) | ($279,940) | ($279,940) | ($279,940) | ($279,940) | ($279,940) | ($279,940) |
| = Net Profit | $10,557 | $42,084 | $75,053 | $109,537 | $145,614 | $183,366 | $222,876 | $264,237 | $307,544 | $352,896 |
| Internal Rate of Return | 3.8% | 7.4% | 8.6% | 9.2% | 9.5% | 9.7% | 9.8% | 9.9% | 10.0% | 10.0% |
| Return on Investment | 3.8% | 15.0% | 26.8% | 39.1% | 52.0% | 65.5% | 79.6% | 94.4% | 109.9% | 126.1% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.