Duplex - Currently Occupied!
Phoenix, AZ 85032
6bd • 4ba • Built: 2009
One unit occupied
| Square Feet | 2,632 | | Initial Market Value | $690,000 | | Purchase Price | $690,000 | | Downpayment | $172,500 | | Loan Origination Fees | $10,350 | | Depreciable Closing Costs | $20,700 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $203,550 | | Cost per Square Foot | $262 | | Monthly Rent per Square Foot | $1.44 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $3,800 | $45,600 | | Vacancy Losses | ($304) | ($3,648) | | Operating Income | $3,496 | $41,952 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($121) | ($1,449) | | Insurance | ($58) | ($690) | | Management Fees | ($280) | ($3,356) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($114) | ($1,368) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($572) | ($6,863) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,924 | $35,089 | | - Mortgage Payments | ($2,803) | ($33,638) | | = Cash Flow | $121 | $1,451 | | + Principal Reduction | $0 | $0 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $1,294 | $15,525 | | + First-Year Appreciation | $3,450 | $41,400 | | = Gross Equity Income | $4,865 | $58,376 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $517,500 | $0 | | Monthly Payment | $2,803.13 | $0.00 | | Loan Type | Interest Only Fixed | | | Term | 10 Years | | | Interest Rate | 6.500% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 1.04 | | Annual Gross Rent Multiplier | 15 | | Capitalization Rate | 5.1% | | Cash on Cash Return | 1% | | Return on Investment | 21% | | Return on Investment with IIDD | 29% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| Comments |
|---|
| One unit remodeled in 2024, with all new flooring, new cabinets, new granite countertops, new kitchen appliances, & a new HVAC unit. *Financing interest only + 3 pts |
*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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