Occupied - Long Term Tenants
PHOENIX, AZ 85032
7bd • 4ba • Built: 1945
(1) 3 bdrm; (1) 2 bdrm; (2) 1 bdrm
| Estimated Square Feet | 2,772 | | Initial Market Value | $550,000 | | Price | $550,000 | | Downpayment | $137,500 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $16,500 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $154,000 | | Cost per Square Foot / per Bedroom | $198 / $78,571 | | Monthly Rent per SQFT / per Bedroom | $1.50 / $593 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $4,150 | $49,800 | | Vacancy Losses | ($332) | ($3,984) | | Operating Income | $3,818 | $45,816 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($138) | ($1,650) | | Insurance | ($275) | ($3,300) | | Management Fees | $0 | $0 | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($208) | ($2,490) | | Other (Utilities, Supplies, etc.) | ($500) | ($6,000) | | Operating Expenses | ($1,120) | ($13,440) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,698 | $32,376 | | - Mortgage Payments | ($2,473) | ($29,678) | | = Cash Flow | $225 | $2,698 | | + Principal Reduction | $422 | $5,066 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $1,031 | $12,375 | | + First-Year Appreciation | $2,750 | $33,000 | | = Gross Equity Income | $4,428 | $53,139 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $412,500 | N/A | | Monthly Payment | $2,473.15 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 6.000% / 3.000% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.8% | | Debt Coverage Ratio | 1.09 | | Annual Gross Rent Multiplier | 11 | | Capitalization Rate | 5.9% | | Cash on Cash Return | 2% | | Return on Investment | 26% | | Return on Investment with IIDD | 35% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 0% | | Maintenance Percentage | 5% |
| Comments |
|---|
| Owner Pays Water; Sewer; Electric; Gas *Asking price is $589,000 *Self management numbers |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
|