4 Plex Available - Occupied & Upgraded
Phoenix, AZ 85032
8bd • 7ba • Built: 1982
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $59,136 | $60,910 | $62,737 | $64,620 | $66,558 | $68,555 | $70,611 | $72,730 | $74,912 | $77,159 |
| Vacancy Losses | ($4,731) | ($4,873) | ($5,019) | ($5,170) | ($5,325) | ($5,484) | ($5,649) | ($5,818) | ($5,993) | ($6,173) |
| Operating Income | $54,405 | $56,037 | $57,718 | $59,450 | $61,233 | $63,070 | $64,963 | $66,911 | $68,919 | $70,986 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,920) | ($1,978) | ($2,037) | ($2,098) | ($2,161) | ($2,226) | ($2,293) | ($2,361) | ($2,432) | ($2,505) |
| Insurance | ($4,160) | ($4,285) | ($4,413) | ($4,546) | ($4,682) | ($4,823) | ($4,967) | ($5,116) | ($5,270) | ($5,428) |
| Management Fees | ($4,352) | ($4,483) | ($4,617) | ($4,756) | ($4,899) | ($5,046) | ($5,197) | ($5,353) | ($5,514) | ($5,679) |
| Leasing/Advertising Fees | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Association Fees | ($8,400) | ($8,652) | ($8,912) | ($9,179) | ($9,454) | ($9,738) | ($10,030) | ($10,331) | ($10,641) | ($10,960) |
| Maintenance | ($1,774) | ($1,827) | ($1,882) | ($1,939) | ($1,997) | ($2,057) | ($2,118) | ($2,182) | ($2,247) | ($2,315) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($20,606) | ($21,225) | ($21,861) | ($22,517) | ($23,193) | ($23,889) | ($24,605) | ($25,343) | ($26,104) | ($26,887) |
| 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 | $33,799 | $34,813 | $35,857 | $36,933 | $38,041 | $39,182 | $40,357 | $41,568 | $42,815 | $44,100 |
| - Mortgage Payments | ($34,534) | ($34,534) | ($34,534) | ($34,534) | ($34,534) | ($34,534) | ($34,534) | ($34,534) | ($34,534) | ($34,534) |
| = Cash Flow | ($735) | $279 | $1,323 | $2,399 | $3,507 | $4,648 | $5,823 | $7,034 | $8,281 | $9,565 |
| + Principal Reduction | $5,894 | $6,258 | $6,644 | $7,054 | $7,489 | $7,951 | $8,441 | $8,962 | $9,514 | $10,101 |
| + Appreciation | $38,400 | $40,704 | $43,146 | $45,735 | $48,479 | $51,388 | $54,471 | $57,739 | $61,204 | $64,876 |
| = Gross Equity Income | $43,559 | $47,240 | $51,113 | $55,187 | $59,474 | $63,986 | $68,735 | $73,735 | $78,999 | $84,543 |
| Capitalization Rate | 5.0% | 4.8% | 4.7% | 4.6% | 4.4% | 4.3% | 4.2% | 4.1% | 4.0% | 3.8% |
| Cash on Cash Return | -0.4% | 0.2% | 0.7% | 1.3% | 2.0% | 2.6% | 3.2% | 3.9% | 4.6% | 5.3% |
| Return on Equity | 21.3% | 18.8% | 17.0% | 15.6% | 14.5% | 13.6% | 12.9% | 12.3% | 11.8% | 11.4% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $678,400 | $719,104 | $762,250 | $807,985 | $856,464 | $907,852 | $962,323 | $1,020,063 | $1,081,267 | $1,146,143 |
| - Loan Balance | ($474,106) | ($467,848) | ($461,204) | ($454,150) | ($446,661) | ($438,710) | ($430,269) | ($421,308) | ($411,793) | ($401,692) |
| = Equity | $204,294 | $251,256 | $301,047 | $353,835 | $409,803 | $469,142 | $532,054 | $598,755 | $669,473 | $744,451 |
| Loan-to-Value Ratio | 69.9% | 65.1% | 60.5% | 56.2% | 52.2% | 48.3% | 44.7% | 41.3% | 38.1% | 35.0% |
| Potential Cash-Out Refi | $136,454 | $179,346 | $224,822 | $273,037 | $324,157 | $378,357 | $435,822 | $496,749 | $561,347 | $629,836 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $204,294 | $251,256 | $301,047 | $353,835 | $409,803 | $469,142 | $532,054 | $598,755 | $669,473 | $744,451 |
| - Closing Costs | ($47,488) | ($50,337) | ($53,358) | ($56,559) | ($59,953) | ($63,550) | ($67,363) | ($71,404) | ($75,689) | ($80,230) |
| = Proceeds After Sale | $156,806 | $200,919 | $247,689 | $297,276 | $349,851 | $405,592 | $464,691 | $527,351 | $593,785 | $664,221 |
| + Cumulative Cash Flow | ($735) | ($457) | $866 | $3,265 | $6,771 | $11,419 | $17,242 | $24,276 | $32,557 | $42,123 |
| - Approximate Cash Invested | ($179,200) | ($179,200) | ($179,200) | ($179,200) | ($179,200) | ($179,200) | ($179,200) | ($179,200) | ($179,200) | ($179,200) |
| = Net Profit | ($23,129) | $21,262 | $69,355 | $121,341 | $177,422 | $237,811 | $302,734 | $372,427 | $447,142 | $527,143 |
| Internal Rate of Return | -12.9% | 5.8% | 11.5% | 13.8% | 14.8% | 15.2% | 15.3% | 15.3% | 15.1% | 15.0% |
| Return on Investment | -12.9% | 11.9% | 38.7% | 67.7% | 99.0% | 132.7% | 168.9% | 207.8% | 249.5% | 294.2% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.