4 Plex Available - Occupied & Upgraded
Phoenix, AZ 85032
8bd • 7ba • Built: 1982
(1) 1 bdrm; (2) 2 bdrm; (1) 3 bdrm
| Estimated Square Feet | 3,650 | | Initial Market Value | $640,000 | | Price | $640,000 | | Downpayment | $160,000 | | Loan Origination Fees | $0 | | Depreciable Closing Costs | $19,200 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $179,200 | | Cost per Square Foot / per Bedroom | $175 / $80,000 | | Monthly Rent per SQFT / per Bedroom | $1.35 / $616 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $4,928 | $59,136 | | Vacancy Losses | ($394) | ($4,731) | | Operating Income | $4,534 | $54,405 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($160) | ($1,920) | | Insurance | ($347) | ($4,160) | | Management Fees | ($363) | ($4,352) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($700) | ($8,400) | | Maintenance | ($148) | ($1,774) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($1,717) | ($20,606) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $2,817 | $33,799 | | - Mortgage Payments | ($2,878) | ($34,534) | | = Cash Flow | ($61) | ($735) | | + Principal Reduction | $491 | $5,894 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $1,200 | $14,400 | | + First-Year Appreciation | $3,200 | $38,400 | | = Gross Equity Income | $4,830 | $57,959 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $480,000 | N/A | | Monthly Payment | $2,877.84 | 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 | 0.98 | | Annual Gross Rent Multiplier | 11 | | Capitalization Rate | 5.3% | | Cash on Cash Return | 0% | | Return on Investment | 24% | | Return on Investment with IIDD | 32% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| Comments |
|---|
| Newer HVAC for 2 Units. Currently all occupied - first renewal 6/26 - opportunity to increase rent. *Asking price $675k. Owner pays HOA Trash Collection; Landscaping; Pool Maintenance |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.
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