New Construction
Mesa, AZ 85212
3 bedrooms 2 bathrooms 2025 year built
Nice Community!
| Square Feet | 1,738 | | Initial Market Value | $511,690 | | Purchase Price | $511,690 | | Downpayment | $153,507 | | Loan Origination Fees | $3,582 | | Depreciable Closing Costs | $5,117 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $162,206 | | Cost per Square Foot | $294 | | Monthly Rent per Square Foot | $1.67 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,900 | $34,800 | | Vacancy Losses | ($232) | ($2,784) | | Operating Income | $2,668 | $32,016 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($217) | ($2,610) | | Insurance | ($107) | ($1,279) | | Management Fees | ($48) | ($576) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($111) | ($1,332) | | Maintenance | ($58) | ($696) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($541) | ($6,493) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,127 | $25,523 | | - Mortgage Payments | ($2,235) | ($26,815) | | = Cash Flow | ($108) | ($1,292) | | + Principal Reduction | $342 | $4,099 | | + First-Year Appreciation | $2,558 | $30,701 | | = Gross Equity Income | $2,792 | $33,509 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 70% | 0% | | Loan Amount | $358,183 | $0 | | Monthly Payment | $2,234.60 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.375% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 0.95 | | Annual Gross Rent Multiplier | 15 | | Capitalization Rate | 5.0% | | Cash on Cash Return | -1% | | Return on Investment | 21% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | $48 | | Maintenance Percentage | 2% |
| Comments |
|---|
| Washer, dryer, fridge included. Cable included. Other incentives may apply. Not exact rendering. Rent Range 2600-2900/mo. |
*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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