Builder Close Out- $20k CASH PRICE Reduction
Mesa, AZ 85212
3 bedrooms 2.5 bathrooms 2025 year built
Nice Community!
| General Information | |
|---|
| Square Feet | 1,744 | | Purchase Price | $479,990 | | Initial Market Value | $479,990 | | Downpayment | $479,990 | | Closing Costs | $4,800 | | Approximate Cash Invested | $484,790 |
| Income & Expenses | Monthly | Annual |
|---|
| Projected Rent | $2,800 | $33,600 | | Vacancy Losses | $224 | $2,688 | | Operating Income | $2,576 | $30,912 | | Operating Expenses | $519 | $6,228 |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,057 | $24,684 | | - Mortgage Payments | $0 | $0 | | = Cash Flow | $2,057 | $24,684 | | + Principal Reduction | $0 | $0 | | + First-Year Appreciation | $2,400 | $28,799 | | = Gross Equity Income | $4,457 | $53,483 |
| | Financial Indicators | |
|---|
| Capitalization Rate | 5.1% | | Cash on Cash Return | 5% | | Return on Investment | 11% |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 48% |
| 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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