High Cash Flow Property
Mesa, AZ 85203
9 bedrooms 4 bathrooms 1969 year built 2026 year remodeled
Completely Remodeled Turn Key Investment
| Square Feet | 2,567 | | Initial Market Value | $610,000 | | Purchase Price | $610,000 | | Downpayment | $152,500 | | Loan Origination Fees | $9,150 | | Depreciable Closing Costs | $18,300 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $179,950 | | Cost per Square Foot | $238 | | Monthly Rent per Square Foot | $3.39 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $8,700 | $104,400 | | Vacancy Losses | ($696) | ($8,352) | | Operating Income | $8,004 | $96,048 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($142) | ($1,708) | | Insurance | ($137) | ($1,647) | | Management Fees | ($1,281) | ($15,368) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($261) | ($3,132) | | Other (Utilities, Supplies, etc.) | ($2,192) | ($26,304) | | Operating Expenses | ($4,013) | ($48,159) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $3,991 | $47,889 | | - Mortgage Payments | ($2,817) | ($33,803) | | = Cash Flow | $1,174 | $14,086 | | + Principal Reduction | $447 | $5,361 | | + First-Year Appreciation | $3,050 | $36,600 | | = Gross Equity Income | $4,671 | $56,047 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $457,500 | $0 | | Monthly Payment | $2,816.91 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 6.250% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 1.4% | | Debt Coverage Ratio | 1.42 | | Annual Gross Rent Multiplier | 6 | | Capitalization Rate | 7.9% | | Cash on Cash Return | 8% | | Return on Investment | 31% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions | |
|---|
| Projected Appreciation Rate | 6% | | Vacancy Rate | 8% | | Management Fee | 16% | | Maintenance Percentage | 3% |
| Comments |
|---|
| This house features 8 bed 3 bath with one on suit and a casita one bed one bath with kitchenette. This home also comes with Solar Power on roof. |
*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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