Assumable Loan @ 4.5%
Phoenix, AZ 85051
3bd • 2ba • Built: 1947
Rent Range - $1900 - $2100
| Estimated Square Feet | 1,389 | | Initial Market Value | $350,000 | | Price | $350,000 | | Downpayment | $87,500 | | Loan Origination Fees | $5,250 | | Depreciable Closing Costs | $10,500 | | Other Costs and Fixup | $0 | | Approximate Cash Invested | $103,250 | | Cost per Square Foot / per Bedroom | $252 / $116,667 | | Monthly Rent per SQFT / per Bedroom | $1.44 / $667 |
| Projected Income | Monthly | Annual |
|---|
| Projected Rent | $2,000 | $24,000 | | Vacancy Losses | ($160) | ($1,920) | | Operating Income | $1,840 | $22,080 |
| Estimated Expenses | Monthly | Annual |
|---|
| Property Taxes | ($117) | ($1,400) | | Insurance | ($58) | ($700) | | Management Fees | ($95) | ($1,140) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | $0 | $0 | | Maintenance | ($100) | ($1,200) | | Other (Utilities, Supplies, etc.) | $0 | $0 | | Operating Expenses | ($370) | ($4,440) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $1,470 | $17,640 | | - Mortgage Payments | ($1,330) | ($15,961) | | = Cash Flow | $140 | $1,679 | | + Principal Reduction | $353 | $4,235 | | + Inflation Induced Debt Destruction® (IIDD) - Beta | $656 | $7,875 | | + First-Year Appreciation | $1,750 | $21,000 | | = Gross Equity Income | $2,899 | $34,789 |
| | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | N/A | | Loan Amount | $262,500 | N/A | | Monthly Payment | $1,330.05 | N/A | | Loan Type | Amortizing Fixed | N/A | | Term | 30 Years | N/A | | Nominal / Real Interest Rate | 4.500% / 1.500% | N/A | | Monthly PMI | $0 | N/A |
| Empowered Investor® Indicators | |
|---|
| Rent-to-Value Ratio™ (RV Ratio™) | 0.6% | | Debt Coverage Ratio | 1.11 | | Annual Gross Rent Multiplier | 15 | | Capitalization Rate | 5.0% | | Cash on Cash Return | 2% | | Return on Investment | 26% | | Return on Investment with IIDD | 34% | | + Tax Benefits: Deductions, Depreciation, 1031 Exchange, etc. |
| Assumptions & Projections | |
|---|
| Projected Appreciation Rate | 6% | | Projected Inflation Rate | 3% | | Vacancy Rate | 8% | | Management Fee | $95 | | Maintenance Percentage | 5% |
*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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