Co-Living - Currently Occupied
Phoenix, AZ 85033
8bd • 3ba • Built: 1958
Brand new 5 ton HVAC and ductwork installed 2023
| Estimated Square Feet | 2,459 | | Initial Market Value | $485,000 | | Price | $485,000 | | Downpayment | $121,250 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $19,400 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $140,650 | | Cost per Square Foot / per Bedroom | $197 / $60,625 | | Monthly Rent per SQFT / per Bedroom | $2.44 / $750 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $6,000 | $72,000 | | Vacancy Losses | ($480) | ($5,760) | | Operating Income | $5,520 | $66,240 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($162) | ($1,940) | | Insurance | ($121) | ($1,455) | | Management Fees | ($552) | ($6,624) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($540) | ($6,480) | | Other (Utilities, Supplies, etc.) | ($778) | ($9,336) | | Operating Expenses | ($2,153) | ($25,835) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,367 | $40,405 | | - Mortgage Payments | ($2,181) | ($26,170) | | = Cash Flow | $1,186 | $14,235 | | + Principal Reduction | $372 | $4,467 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $909 | $10,913 | | + One Year Appreciation | $2,425 | $29,100 | | = Gross Equity Income | $4,893 | $58,714 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $363,750 | N/A | | Monthly Payment | $2,180.87 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.000% / 3.000% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.2% | | Debt Coverage Ratio | 1.54 | | Annual Gross Rent Multiplier | 7 | | Capitalization Rate | 8.3% | | Cash on Cash Return | 10% | | Return on Investment | 34% | | Return on Investment with IIDD | 42% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6.0% | | Projected Inflation Rate | 3.0% | | Vacancy Rate | 8% | | Management Fee | 10% | | Maintenance Percentage | 9% |
| Comments |
|---|
| Private property management. Other monthly costs include: utilities & cleaning fees. |
*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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