Property Information

Perfect 4/2.5 in Phoenix, already leased at $1095/mnth
1813 S 63rd Dr
Phoenix, AZ 85043
Perfect 4/2.5 in Phoenix, already leased at $1095/
Square Feet1,813
Initial Market Value$134,900
Purchase Price$134,900
Downpayment$33,725
Loan Origination Fees$0
Depreciable Closing Costs$4,047
Other Closing Costs and Fixup$0
Initial Cash Invested$37,772
Cost per Square Foot$74
Monthly Rent per Square Foot$0.60
IncomeMonthlyAnnual
Gross Rent$1,095$13,140
Vacancy Losses$0$0
Operating Income$1,095$13,140
ExpensesMonthlyAnnual
Property Taxes($112)($1,349)
Insurance($34)($405)
Management Fees($70)($840)
Leasing/Advertising Fees$0$0
Association Fees($40)($480)
Maintenance$0$0
Other$0$0
Operating Expenses($256)($3,074)
Net PerformanceMonthlyAnnual
Net Operating Income$839$10,066
- Mortgage Payments($528)($6,333)
= Cash Flow$311$3,733
+ Principal Reduction$130$1,561
+ First-Year Appreciation$562$6,745
= Gross Equity Income$1,003$12,039
+ Tax Savings$0$0
= GEI w/Tax Savings$1,003$12,039
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$101,175$0
Monthly Payment$527.78$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio1.59
Annual Gross Rent Multiplier10
Monthly Gross Rent Multiplier123
Capitalization Rate7.5%
Cash on Cash Return10%
Total Return on Investment32%
Total ROI with Tax Savings32%
Assumptions
Real Estate Appreciation Rate5%
Vacancy Rate0%
Management Fee$70
Maintenance Percentage0%
Comments
Built 2002
Already leased
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.