New Construction near TSMC
Surprise, AZ 85361
3bd • 2ba • Built: 2025
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $25,200 | $25,956 | $26,735 | $27,537 | $28,363 | $29,214 | $30,090 | $30,993 | $31,923 | $32,880 |
| Vacancy Losses | ($2,016) | ($2,076) | ($2,139) | ($2,203) | ($2,269) | ($2,337) | ($2,407) | ($2,479) | ($2,554) | ($2,630) |
| Operating Income | $23,184 | $23,880 | $24,596 | $25,334 | $26,094 | $26,877 | $27,683 | $28,513 | $29,369 | $30,250 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,560) | ($1,607) | ($1,655) | ($1,705) | ($1,756) | ($1,808) | ($1,863) | ($1,919) | ($1,976) | ($2,035) |
| Insurance | ($780) | ($803) | ($828) | ($852) | ($878) | ($904) | ($931) | ($959) | ($988) | ($1,018) |
| Management Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($1,200) | ($1,236) | ($1,273) | ($1,311) | ($1,351) | ($1,391) | ($1,433) | ($1,476) | ($1,520) | ($1,566) |
| Maintenance | ($504) | ($519) | ($535) | ($551) | ($567) | ($584) | ($602) | ($620) | ($638) | ($658) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($4,044) | ($4,165) | ($4,290) | ($4,419) | ($4,552) | ($4,688) | ($4,829) | ($4,974) | ($5,123) | ($5,277) |
| 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 | $19,140 | $19,714 | $20,306 | $20,915 | $21,542 | $22,189 | $22,854 | $23,540 | $24,246 | $24,973 |
| - Mortgage Payments | ($19,013) | ($19,013) | ($19,013) | ($19,013) | ($19,013) | ($19,013) | ($19,013) | ($19,013) | ($19,013) | ($19,013) |
| = Cash Flow | $127 | $702 | $1,293 | $1,902 | $2,530 | $3,176 | $3,842 | $4,527 | $5,233 | $5,961 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $23,400 | $24,804 | $26,292 | $27,870 | $29,542 | $31,314 | $33,193 | $35,185 | $37,296 | $39,534 |
| = Gross Equity Income | $23,527 | $25,506 | $27,585 | $29,772 | $32,072 | $34,490 | $37,035 | $39,712 | $42,529 | $45,495 |
| Capitalization Rate | 4.6% | 4.5% | 4.4% | 4.2% | 4.1% | 4.0% | 3.9% | 3.8% | 3.7% | 3.6% |
| Cash on Cash Return | 0.1% | 0.7% | 1.2% | 1.8% | 2.4% | 3.0% | 3.6% | 4.2% | 4.9% | 5.6% |
| Return on Equity | 19.5% | 17.5% | 16.0% | 14.9% | 14.0% | 13.2% | 12.6% | 12.1% | 11.6% | 11.2% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $413,400 | $438,204 | $464,496 | $492,366 | $521,908 | $553,222 | $586,416 | $621,601 | $658,897 | $698,431 |
| - Loan Balance | ($292,500) | ($292,500) | ($292,500) | ($292,500) | ($292,500) | ($292,500) | ($292,500) | ($292,500) | ($292,500) | ($292,500) |
| = Equity | $120,900 | $145,704 | $171,996 | $199,866 | $229,408 | $260,722 | $293,916 | $329,101 | $366,397 | $405,931 |
| Loan-to-Value Ratio | 70.8% | 66.7% | 63.0% | 59.4% | 56.0% | 52.9% | 49.9% | 47.1% | 44.4% | 41.9% |
| Potential Cash-Out Refi | $79,560 | $101,884 | $125,547 | $150,629 | $177,217 | $205,400 | $235,274 | $266,941 | $300,507 | $336,088 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $120,900 | $145,704 | $171,996 | $199,866 | $229,408 | $260,722 | $293,916 | $329,101 | $366,397 | $405,931 |
| - Closing Costs | ($28,938) | ($30,674) | ($32,515) | ($34,466) | ($36,534) | ($38,726) | ($41,049) | ($43,512) | ($46,123) | ($48,890) |
| = Proceeds After Sale | $91,962 | $115,030 | $139,482 | $165,400 | $192,874 | $221,997 | $252,867 | $285,589 | $320,274 | $357,040 |
| + Cumulative Cash Flow | $127 | $829 | $2,122 | $4,024 | $6,554 | $9,730 | $13,572 | $18,099 | $23,332 | $29,293 |
| - Approximate Cash Invested | ($107,250) | ($107,250) | ($107,250) | ($107,250) | ($107,250) | ($107,250) | ($107,250) | ($107,250) | ($107,250) | ($107,250) |
| = Net Profit | ($15,161) | $8,609 | $34,354 | $62,175 | $92,178 | $124,477 | $159,188 | $196,438 | $236,356 | $279,084 |
| Internal Rate of Return | -14.1% | 3.9% | 9.7% | 12.2% | 13.3% | 13.9% | 14.1% | 14.2% | 14.2% | 14.1% |
| Return on Investment | -14.1% | 8.0% | 32.0% | 58.0% | 85.9% | 116.1% | 148.4% | 183.2% | 220.4% | 260.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.