Desirable Location
Gilbert, AZ 85234
4bd • 3ba • Built: 2005
Rent range $2500-$2700
| Estimated Square Feet | 1,628 | | Initial Market Value | $399,000 | | Price | $399,000 | | Downpayment | $99,750 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $11,970 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $111,720 | | Cost per Square Foot / per Bedroom | $245 / $99,750 | | Monthly Rent per SQFT / per Bedroom | $1.60 / $650 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,600 | $31,200 | | Vacancy Losses | ($208) | ($2,496) | | Operating Income | $2,392 | $28,704 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($133) | ($1,596) | | Insurance | ($100) | ($1,197) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($100) | ($1,200) | | Maintenance | ($52) | ($624) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($385) | ($4,617) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,007 | $24,087 | | - Mortgage Payments | ($1,794) | ($21,530) | | = Cash Flow | $213 | $2,557 | | + Principal Reduction | $306 | $3,675 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $748 | $8,978 | | + One Year Appreciation | $1,995 | $23,940 | | = Gross Equity Income | $3,262 | $39,149 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $299,250 | N/A | | Monthly Payment | $1,794.15 | 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™) | 0.7% | | Debt Coverage Ratio | 1.12 | | Annual Gross Rent Multiplier | 13 | | Capitalization Rate | 6.0% | | Cash on Cash Return | 2% | | Return on Investment | 27% | | Return on Investment with IIDD | 35% | | + 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 | 2% |
| Comments |
|---|
| Community pool and parks. |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|