Nearly New 2007 Mesa property!
Mesa, AZ 85208
Nearly new 3 bedroom/ 2.5 bath investment property
| Square Feet | 1,436 | | Initial Market Value | $101,900 | | Purchase Price | $101,900 | | Downpayment | $25,475 | | Loan Origination Fees | $764 | | Depreciable Closing Costs | $4,076 | | Other Closing Costs and Fixup | $0 | | Initial Cash Invested | $30,315 | | Cost per Square Foot | $71 | | Monthly Rent per Square Foot | $0.70 |
| Income | Monthly | Annual |
|---|
| Gross Rent | $1,000 | $12,000 | | Vacancy Losses | ($80) | ($960) | | Operating Income | $920 | $11,040 |
| Expenses | Monthly | Annual |
|---|
| Property Taxes | ($59) | ($713) | | Insurance | ($25) | ($306) | | Management Fees | ($74) | ($883) | | Leasing/Advertising Fees | $0 | $0 | | Association Fees | ($75) | ($900) | | Maintenance | ($30) | ($360) | | Other | $0 | $0 | | Operating Expenses | ($264) | ($3,162) |
| Net Performance | Monthly | Annual |
|---|
| Net Operating Income | $656 | $7,878 | | - Mortgage Payments | ($410) | ($4,923) | | = Cash Flow | $246 | $2,955 | | + Principal Reduction | $94 | $1,128 | | + First-Year Appreciation | $340 | $4,076 | | = Gross Equity Income | $680 | $8,158 | | + Tax Savings | $0 | $0 | | = GEI w/Tax Savings | $680 | $8,158 |
|  | Mortgage Info | First | Second |
|---|
| Loan-to-Value Ratio | 75% | 0% | | Loan Amount | $76,425 | $0 | | Monthly Payment | $410.27 | $0.00 | | Loan Type | Amortizing Fixed | | | Term | 30 Years | | | Interest Rate | 5.000% | 0.000% | | Monthly PMI | $0 | |
| Financial Indicators | |
|---|
| Debt Coverage Ratio | 1.60 | | Annual Gross Rent Multiplier | 8 | | Monthly Gross Rent Multiplier | 102 | | Capitalization Rate | 7.7% | | Cash on Cash Return | 10% | | Total Return on Investment | 27% | | Total ROI with Tax Savings | 27% |
| Assumptions | |
|---|
| Real Estate Appreciation Rate | 4% | | Vacancy Rate | 8% | | Management Fee | 8% | | Maintenance Percentage | 3% |
| Comments |
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This home is situated in the desirable Sienna Estates division. Upstairs has a bonus room as well as all appliances included. Great location! - Grocery shopping, Walmart and Costco close by.
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*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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