Co-Living Property
Mesa, AZ 85201
8 bedrooms 3 bathrooms 1972 year built 2025 year remodeled
15% Down Financing Available!
Square Feet2,021
Initial Market Value$545,000
Purchase Price$545,000
Downpayment$81,750
Loan Origination Fees$18,530
Depreciable Closing Costs$10,900
Other Costs and Fixup$0
Approximate Cash Invested$111,180
Cost per Square Foot$270
Monthly Rent per Square Foot$3.59
Projected IncomeMonthlyAnnual
Projected Rent$7,250$87,000
Vacancy Losses($580)($6,960)
Operating Income$6,670$80,040
Estimated ExpensesMonthlyAnnual
Property Taxes($154)($1,853)
Insurance($154)($1,853)
Management Fees($1,067)($12,806)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance($218)($2,610)
Other (Utilities, Supplies, etc.)($800)($9,600)
Operating Expenses($2,394)($28,722)
Net PerformanceMonthlyAnnual
Net Operating Income$4,276$51,318
- Mortgage Payments($3,082)($36,984)
= Cash Flow$1,194$14,333
+ Principal Reduction$392$4,706
+ First-Year Appreciation$2,725$32,700
= Gross Equity Income$4,312$51,739
Mortgage InfoFirstSecond
Loan-to-Value Ratio85%0%
Loan Amount$463,250$0
Monthly Payment$3,082.01$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate7.000%0.000%
Monthly PMI$0
Financial Indicators
Rent-to-Value Ratio™ (RV Ratio™)1.3%
Debt Coverage Ratio1.39
Annual Gross Rent Multiplier6
Capitalization Rate9.4%
Cash on Cash Return13%
Return on Investment47%
+ Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc.
Assumptions
Projected Appreciation Rate6%
Vacancy Rate8%
Management Fee16%
Maintenance Percentage3%
Comments
This Co-Living home is fully furnished and ready for Co-living occupants! Kitchen is set up with all necessities, plates, silverware, glasses, etc. Two sets of washer and dryers and two refrigerators.
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.