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 | ($25,836) | ($25,836) | ($25,836) | ($25,836) | ($25,836) | ($25,836) | ($25,836) | ($25,836) | ($25,836) | ($25,836) |
| = Cash Flow | $25,445 | $26,984 | $28,568 | $30,200 | $31,881 | $33,613 | $35,396 | $37,233 | $39,125 | $41,074 |
| + Principal Reduction | $2,117 | $2,304 | $2,507 | $2,729 | $2,970 | $3,233 | $3,519 | $3,830 | $4,168 | $4,537 |
| + Appreciation | $33,600 | $35,616 | $37,753 | $40,018 | $42,419 | $44,964 | $47,662 | $50,522 | $53,553 | $56,766 |
| = Gross Equity Income | $61,162 | $64,903 | $68,829 | $72,947 | $77,271 | $81,810 | $86,577 | $91,585 | $96,847 | $102,377 |
| 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 | 8.6% | 9.1% | 9.6% | 10.2% | 10.7% | 11.3% | 11.9% | 12.5% | 13.2% | 13.8% |
| Return on Equity | 19.4% | 18.4% | 17.5% | 16.7% | 16.0% | 15.4% | 14.9% | 14.4% | 14.0% | 13.6% |
| 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 | ($277,883) | ($275,579) | ($273,072) | ($270,343) | ($267,373) | ($264,140) | ($260,621) | ($256,791) | ($252,623) | ($248,087) |
| = Equity | $315,717 | $353,637 | $393,897 | $436,644 | $482,034 | $530,231 | $581,412 | $635,763 | $693,485 | $754,788 |
| Loan-to-Value Ratio | 46.8% | 43.8% | 40.9% | 38.2% | 35.7% | 33.3% | 31.0% | 28.8% | 26.7% | 24.7% |
| Potential Cash-Out Refi | $256,357 | $290,715 | $327,200 | $365,945 | $407,093 | $450,794 | $497,209 | $546,508 | $598,874 | $654,501 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $315,717 | $353,637 | $393,897 | $436,644 | $482,034 | $530,231 | $581,412 | $635,763 | $693,485 | $754,788 |
| - 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 | $274,165 | $309,591 | $347,209 | $387,155 | $429,575 | $474,625 | $522,470 | $573,285 | $627,257 | $684,587 |
| + Cumulative Cash Flow | $25,445 | $52,429 | $80,997 | $111,197 | $143,078 | $176,691 | $212,087 | $249,321 | $288,446 | $329,520 |
| - Approximate Cash Invested | ($296,800) | ($296,800) | ($296,800) | ($296,800) | ($296,800) | ($296,800) | ($296,800) | ($296,800) | ($296,800) | ($296,800) |
| = Net Profit | $2,810 | $65,220 | $131,406 | $201,552 | $275,854 | $354,516 | $437,757 | $525,805 | $618,903 | $717,307 |
| Internal Rate of Return | 0.9% | 10.9% | 14.0% | 15.3% | 16.0% | 16.3% | 16.4% | 16.5% | 16.5% | 16.4% |
| Return on Investment | 0.9% | 22.0% | 44.3% | 67.9% | 92.9% | 119.4% | 147.5% | 177.2% | 208.5% | 241.7% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.