Builder Close Out- $20k CASH PRICE Reduction
Mesa, AZ 85212
3 bedrooms 2.5 bathrooms 2025 year built
Nice Community!
| Square Feet | 1,744 | | Initial Market Value | $479,990 | | Purchase Price | $479,990 | | Downpayment | $479,990 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $4,800 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $484,790 | | Cost per Square Foot | $275 | | Monthly Rent per Square Foot | $1.61 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,800 | $33,600 | | Vacancy Losses | ($224) | ($2,688) | | Operating Income | $2,576 | $30,912 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($204) | ($2,448) | | Insurance | ($100) | ($1,200) | | Management Fees | ($48) | ($576) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($111) | ($1,332) | | Maintenance | ($56) | ($672) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | 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 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 0% | 0% | | Loan Amount | $0 | $0 | | Monthly Payment | $0.00 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 0 Years | | | Interest Rate | 0.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | N/A | | Annual Gross Rent Multiplier | 14 | | Capitalization Rate | 5.1% | | Cash on Cash Return | 5% | | Return on Investment | 11% | | + 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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