TURN KEY CO-LIVING HOME
Mesa, AZ 85204
8bd • 3ba • Built: 1972 • Remodeled: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $88,800 | $91,464 | $94,208 | $97,034 | $99,945 | $102,944 | $106,032 | $109,213 | $112,489 | $115,864 |
| Vacancy Losses | ($7,104) | ($7,317) | ($7,537) | ($7,763) | ($7,996) | ($8,235) | ($8,483) | ($8,737) | ($8,999) | ($9,269) |
| Operating Income | $81,696 | $84,147 | $86,671 | $89,271 | $91,950 | $94,708 | $97,549 | $100,476 | $103,490 | $106,595 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,680) | ($1,730) | ($1,782) | ($1,836) | ($1,891) | ($1,948) | ($2,006) | ($2,066) | ($2,128) | ($2,192) |
| Insurance | ($1,624) | ($1,673) | ($1,723) | ($1,775) | ($1,828) | ($1,883) | ($1,939) | ($1,997) | ($2,057) | ($2,119) |
| Management Fees | ($13,071) | ($13,464) | ($13,867) | ($14,283) | ($14,712) | ($15,153) | ($15,608) | ($16,076) | ($16,558) | ($17,055) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Maintenance | ($4,440) | ($4,573) | ($4,710) | ($4,852) | ($4,997) | ($5,147) | ($5,302) | ($5,461) | ($5,624) | ($5,793) |
| Other | ($9,600) | ($9,888) | ($10,185) | ($10,490) | ($10,805) | ($11,129) | ($11,463) | ($11,807) | ($12,161) | ($12,526) |
| Operating Expenses | ($30,415) | ($31,328) | ($32,268) | ($33,236) | ($34,233) | ($35,260) | ($36,318) | ($37,407) | ($38,529) | ($39,685) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $51,281 | $52,819 | $54,404 | $56,036 | $57,717 | $59,448 | $61,232 | $63,069 | $64,961 | $66,910 |
| - Mortgage Payments | ($38,002) | ($38,002) | ($38,002) | ($38,002) | ($38,002) | ($38,002) | ($38,002) | ($38,002) | ($38,002) | ($38,002) |
| = Cash Flow | $13,279 | $14,817 | $16,402 | $18,034 | $19,715 | $21,446 | $23,230 | $25,067 | $26,959 | $28,908 |
| + Principal Reduction | $4,835 | $5,185 | $5,560 | $5,962 | $6,392 | $6,855 | $7,350 | $7,881 | $8,451 | $9,062 |
| + Appreciation | $33,600 | $35,616 | $37,753 | $40,018 | $42,419 | $44,964 | $47,662 | $50,522 | $53,553 | $56,766 |
| = Gross Equity Income | $51,714 | $55,618 | $59,714 | $64,013 | $68,526 | $73,265 | $78,242 | $83,470 | $88,963 | $94,736 |
| Capitalization Rate | 8.6% | 8.4% | 8.2% | 7.9% | 7.7% | 7.5% | 7.3% | 7.1% | 6.9% | 6.7% |
| Cash on Cash Return | 11.1% | 12.4% | 13.7% | 15.0% | 16.5% | 17.9% | 19.4% | 20.9% | 22.5% | 24.1% |
| Return on Equity | 42.2% | 34.1% | 28.9% | 25.3% | 22.7% | 20.7% | 19.2% | 17.9% | 16.8% | 15.9% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $593,600 | $629,216 | $666,969 | $706,987 | $749,406 | $794,371 | $842,033 | $892,555 | $946,108 | $1,002,875 |
| - Loan Balance | ($471,165) | ($465,980) | ($460,420) | ($454,459) | ($448,066) | ($441,212) | ($433,862) | ($425,980) | ($417,529) | ($408,467) |
| = Equity | $122,435 | $163,236 | $206,549 | $252,528 | $301,340 | $353,159 | $408,171 | $466,575 | $528,579 | $594,408 |
| Loan-to-Value Ratio | 79.4% | 74.1% | 69.0% | 64.3% | 59.8% | 55.5% | 51.5% | 47.7% | 44.1% | 40.7% |
| Potential Cash-Out Refi | $63,075 | $100,314 | $139,852 | $181,830 | $226,399 | $273,722 | $323,968 | $377,319 | $433,968 | $494,120 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $122,435 | $163,236 | $206,549 | $252,528 | $301,340 | $353,159 | $408,171 | $466,575 | $528,579 | $594,408 |
| - Closing Costs | ($41,552) | ($44,045) | ($46,688) | ($49,489) | ($52,458) | ($55,606) | ($58,942) | ($62,479) | ($66,228) | ($70,201) |
| = Proceeds After Sale | $80,883 | $119,191 | $159,861 | $203,039 | $248,881 | $297,553 | $349,229 | $404,096 | $462,352 | $524,206 |
| + Cumulative Cash Flow | $13,279 | $28,096 | $44,497 | $62,531 | $82,245 | $103,692 | $126,921 | $151,988 | $178,947 | $207,854 |
| - Approximate Cash Invested | ($119,840) | ($119,840) | ($119,840) | ($119,840) | ($119,840) | ($119,840) | ($119,840) | ($119,840) | ($119,840) | ($119,840) |
| = Net Profit | ($25,678) | $27,446 | $84,518 | $145,730 | $211,287 | $281,405 | $356,310 | $436,244 | $521,458 | $612,221 |
| Internal Rate of Return | -21.4% | 11.4% | 21.3% | 24.8% | 26.0% | 26.3% | 26.2% | 25.8% | 25.5% | 25.0% |
| Return on Investment | -21.4% | 22.9% | 70.5% | 121.6% | 176.3% | 234.8% | 297.3% | 364.0% | 435.1% | 510.9% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.