Growing area near TSMC
Surprise, AZ 85387
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 | $24,000 | $24,720 | $25,462 | $26,225 | $27,012 | $27,823 | $28,657 | $29,517 | $30,402 | $31,315 |
| Vacancy Losses | ($1,920) | ($1,978) | ($2,037) | ($2,098) | ($2,161) | ($2,226) | ($2,293) | ($2,361) | ($2,432) | ($2,505) |
| Operating Income | $22,080 | $22,742 | $23,425 | $24,127 | $24,851 | $25,597 | $26,365 | $27,156 | $27,970 | $28,809 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,755) | ($1,808) | ($1,862) | ($1,918) | ($1,975) | ($2,034) | ($2,096) | ($2,158) | ($2,223) | ($2,290) |
| Insurance | ($585) | ($603) | ($621) | ($639) | ($658) | ($678) | ($699) | ($719) | ($741) | ($763) |
| Management Fees | ($1,766) | ($1,819) | ($1,874) | ($1,930) | ($1,988) | ($2,048) | ($2,109) | ($2,172) | ($2,238) | ($2,305) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($1,788) | ($1,842) | ($1,897) | ($1,954) | ($2,012) | ($2,073) | ($2,135) | ($2,199) | ($2,265) | ($2,333) |
| Maintenance | ($480) | ($494) | ($509) | ($525) | ($540) | ($556) | ($573) | ($590) | ($608) | ($626) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($6,374) | ($6,566) | ($6,763) | ($6,965) | ($7,174) | ($7,390) | ($7,611) | ($7,840) | ($8,075) | ($8,317) |
| 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 | $15,706 | $16,177 | $16,662 | $17,162 | $17,677 | $18,207 | $18,753 | $19,316 | $19,895 | $20,492 |
| - Mortgage Payments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Cash Flow | $15,706 | $16,177 | $16,662 | $17,162 | $17,677 | $18,207 | $18,753 | $19,316 | $19,895 | $20,492 |
| + Principal Reduction | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| + Appreciation | $23,399 | $24,803 | $26,292 | $27,869 | $29,541 | $31,314 | $33,192 | $35,184 | $37,295 | $39,533 |
| = Gross Equity Income | $39,105 | $40,980 | $42,954 | $45,031 | $47,218 | $49,521 | $51,946 | $54,500 | $57,191 | $60,025 |
| Capitalization Rate | 3.8% | 3.7% | 3.6% | 3.5% | 3.4% | 3.3% | 3.2% | 3.1% | 3.0% | 2.9% |
| Cash on Cash Return | 4.0% | 4.1% | 4.2% | 4.4% | 4.5% | 4.6% | 4.8% | 4.9% | 5.1% | 5.2% |
| Return on Equity | 9.5% | 9.4% | 9.2% | 9.1% | 9.0% | 9.0% | 8.9% | 8.8% | 8.7% | 8.6% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $413,389 | $438,193 | $464,484 | $492,353 | $521,895 | $553,208 | $586,401 | $621,585 | $658,880 | $698,413 |
| - Loan Balance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| = Equity | $413,389 | $438,193 | $464,484 | $492,353 | $521,895 | $553,208 | $586,401 | $621,585 | $658,880 | $698,413 |
| Loan-to-Value Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Potential Cash-Out Refi | $372,050 | $394,373 | $418,036 | $443,118 | $469,705 | $497,887 | $527,761 | $559,426 | $592,992 | $628,571 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $413,389 | $438,193 | $464,484 | $492,353 | $521,895 | $553,208 | $586,401 | $621,585 | $658,880 | $698,413 |
| - Closing Costs | ($28,937) | ($30,673) | ($32,514) | ($34,465) | ($36,533) | ($38,725) | ($41,048) | ($43,511) | ($46,122) | ($48,889) |
| = Proceeds After Sale | $384,452 | $407,519 | $431,970 | $457,889 | $485,362 | $514,484 | $545,353 | $578,074 | $612,758 | $649,524 |
| + Cumulative Cash Flow | $15,706 | $31,882 | $48,545 | $65,707 | $83,383 | $101,591 | $120,344 | $139,660 | $159,555 | $180,048 |
| - Approximate Cash Invested | ($393,890) | ($393,890) | ($393,890) | ($393,890) | ($393,890) | ($393,890) | ($393,890) | ($393,890) | ($393,890) | ($393,890) |
| = Net Profit | $6,268 | $45,512 | $86,625 | $129,705 | $174,856 | $222,184 | $271,807 | $323,844 | $378,424 | $435,682 |
| Internal Rate of Return | 1.6% | 5.7% | 7.1% | 7.8% | 8.2% | 8.4% | 8.6% | 8.7% | 8.7% | 8.8% |
| Return on Investment | 1.6% | 11.6% | 22.0% | 32.9% | 44.4% | 56.4% | 69.0% | 82.2% | 96.1% | 110.6% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.