Co-Living Property
Mesa, AZ 85201
8 bedrooms 3 bathrooms 1972 year built 2025 year remodeled
15% Down Financing Available!
| Square Feet | 2,021 | | 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 Income | Monthly | Annual |
|---|
| Projected Rent | $7,250 | $87,000 | | Vacancy Losses | ($580) | ($6,960) | | Operating Income | $6,670 | $80,040 |
| Estimated Expenses | Monthly | Annual |
|---|
| 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 Performance | Monthly | Annual |
|---|
| 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 Info | First | Second |
|---|
| Loan-to-Value Ratio | 85% | 0% | | Loan Amount | $463,250 | $0 | | Monthly Payment | $3,082.01 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 7.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.3% | | Debt Coverage Ratio | 1.39 | | Annual Gross Rent Multiplier | 6 | | Capitalization Rate | 9.4% | | Cash on Cash Return | 13% | | Return on Investment | 47% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% | | Maintenance Percentage | 3% |
| 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.
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